Mukka Proteins (NSE:MUKKA) Cash-to-Debt : 0.09 (As of Sep. 2023)

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What is Mukka Proteins 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. Mukka Proteins's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.09.

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, Mukka Proteins couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NSE:MUKKA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.16
Current: 0.09

During the past 5 years, Mukka Proteins's highest Cash to Debt Ratio was 0.16. The lowest was 0.06. And the median was 0.09.

NSE:MUKKA's Cash-to-Debt is ranked worse than
82.04% of 1815 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs NSE:MUKKA: 0.09

Mukka Proteins Cash-to-Debt Historical Data

The historical data trend for Mukka Proteins'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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Mukka Proteins Cash-to-Debt Chart

Mukka Proteins Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.10

0.06

0.08

0.10

0.16

Mukka Proteins Quarterly Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			0.10	0.10	0.06	0.16	0.09

Competitive Comparison of Mukka Proteins's Cash-to-Debt

For the Packaged Foods subindustry, Mukka Proteins'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.

Mukka Proteins's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Mukka Proteins 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.

Mukka Proteins'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)
	=	405.06	/	(2511.69	+	106.85)
	=	0.15

Mukka Proteins'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)
	=	280.29	/	(3147.97	+	97.16)
	=	0.09

Mukka Proteins (NSE:MUKKA) 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.

Mukka Proteins Cash-to-Debt Related Terms

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Mukka Proteins (NSE:MUKKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mukka Proteins Ltd (NSE:MUKKA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

544135:India

Address

NG Road, Mukka Corporate House, Door, No. 18-2-16/4, First Cross, Dakshina, Kannada, Mangaluru, KA, IND, 575001

Website

https://www.mukkaproteins.com

Mukka Proteins Ltd is an animal protein company. It manufactures and supply fish meal, fish oil and fish soluble paste which is an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food). Also fish oil also finds its application in pharmaceutical products (additionally, Omega-3 pills and related products derived from fish oil are gaining importance as high nutrient and healthy dietary supplements), soap manufacturing, leather tanneries & paint industries. Company sells its products domestically and also export them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.

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