Magson Retail and Distribution (NSE:MAGSON) Cash-to-Debt : 7.16 (As of Sep. 2023)

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What is Magson Retail and Distribution Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Magson Retail and Distribution's cash to debt ratio for the quarter that ended in Sep. 2023 was 7.16.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Magson Retail and Distribution could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Magson Retail and Distribution's Cash-to-Debt or its related term are showing as below:

NSE:MAGSON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.17 Max: 7.16
Current: 7.16

During the past 3 years, Magson Retail and Distribution's highest Cash to Debt Ratio was 7.16. The lowest was 0.06. And the median was 0.17.

NSE:MAGSON's Cash-to-Debt is ranked better than
86.23% of 305 companies
in the Retail - Defensive industry
Industry Median: 0.43 vs NSE:MAGSON: 7.16

Magson Retail and Distribution Cash-to-Debt Historical Data

The historical data trend for Magson Retail and Distribution's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Magson Retail and Distribution Cash-to-Debt Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.07

0.06

0.27

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	0.07	0.06	N/A	0.27	7.16

Competitive Comparison of Magson Retail and Distribution's Cash-to-Debt

For the Grocery Stores subindustry, Magson Retail and Distribution's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magson Retail and Distribution's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magson Retail and Distribution's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Magson Retail and Distribution's Cash-to-Debt falls into.

Magson Retail and Distribution Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Magson Retail and Distribution's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.527	/	(16.265	+	15.931)
	=	0.26

Magson Retail and Distribution's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	95.076	/	(10.009	+	3.275)
	=	7.16

Magson Retail and Distribution (NSE:MAGSON) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Magson Retail and Distribution Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Magson Retail and Distribution's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

Magson Retail and Distribution (NSE:MAGSON) Headlines

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