Manorama Industries (NSE:MANORAMA) Cash-to-Debt : 0.26 (As of Mar. 2024)

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What is Manorama Industries 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. Manorama Industries's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.26.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Manorama Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NSE:MANORAMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.36 Max: 142.4
Current: 0.26

During the past 11 years, Manorama Industries's highest Cash to Debt Ratio was 142.40. The lowest was 0.01. And the median was 0.36.

NSE:MANORAMA's Cash-to-Debt is ranked worse than
63.59% of 1799 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs NSE:MANORAMA: 0.26

Manorama Industries Cash-to-Debt Historical Data

The historical data trend for Manorama Industries'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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Manorama Industries Cash-to-Debt Chart

Manorama Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

0.45

0.02

0.26

Manorama Industries Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	N/A	0.36	N/A	0.26

Competitive Comparison of Manorama Industries's Cash-to-Debt

For the Packaged Foods subindustry, Manorama Industries'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.

Manorama Industries's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Manorama Industries's Cash-to-Debt falls into.

Manorama Industries 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.

Manorama Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	895.363	/	(2956.488	+	507.353)
	=	0.26

Manorama Industries's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	895.363	/	(2956.488	+	507.353)
	=	0.26

Manorama Industries (NSE:MANORAMA) 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.

Manorama Industries Cash-to-Debt Related Terms

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

Manorama Industries (NSE:MANORAMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Manorama Industries Ltd (NSE:MANORAMA) » Definitions » Cash-to-Debt

Traded in Other Exchanges

541974:India

Address

F-6, Anupam Nagar, Raipur, CT, IND, 492007

Website

https://www.manoramagroup.co.in

Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added tailor-made products. Its only operating segment being the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). The group sells the products in India and also exports them to other countries.

Manorama Industries (NSE:MANORAMA) Headlines

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