Milton Industries (NSE:MILTON) Cash-to-Debt : 0.17 (As of Mar. 2022)

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What is Milton 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. Milton Industries's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.17.

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, Milton Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

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

NSE:MILTON's Cash-to-Debt is not ranked ^*
in the Forest Products industry.
Industry Median: 0.325
* Ranked among companies with meaningful Cash-to-Debt only.

Milton Industries Cash-to-Debt Historical Data

The historical data trend for Milton 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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Milton Industries Cash-to-Debt Chart

Milton Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Cash-to-Debt

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0.01

0.02

0.01

0.17

Milton Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Cash-to-Debt	Get a 7-Day Free Trial					0.01	0.02	0.01	0.01	0.17

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

For the Lumber & Wood Production subindustry, Milton 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.

Milton Industries's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Cash-to-Debt distribution charts can be found below:

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

Milton 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.

Milton Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 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)
	=	15.175	/	(48.918	+	39.662)
	=	0.17

Milton Industries's Cash to Debt Ratio for the quarter that ended in Mar. 2022 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)
	=	15.175	/	(48.918	+	39.662)
	=	0.17

Milton Industries (NSE:MILTON) 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.

Milton Industries Cash-to-Debt Related Terms

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

Milton Industries (NSE:MILTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Milton Industries Ltd (NSE:MILTON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009

Website

https://www.miltonindustries.in

Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

Milton Industries (NSE:MILTON) Headlines

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