Paramount Dye Tec (NSE:PARAMOUNT) Cash-to-Debt : 0.76 (As of Mar. 2024)

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What is Paramount Dye Tec 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. Paramount Dye Tec's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.76.

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, Paramount Dye Tec 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 Paramount Dye Tec's Cash-to-Debt or its related term are showing as below:

NSE:PARAMOUNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 0.76
Current: 0.76

During the past 4 years, Paramount Dye Tec's highest Cash to Debt Ratio was 0.76. The lowest was 0.00. And the median was 0.09.

NSE:PARAMOUNT's Cash-to-Debt is ranked better than
58.84% of 1018 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs NSE:PARAMOUNT: 0.76

Paramount Dye Tec Cash-to-Debt Historical Data

The historical data trend for Paramount Dye Tec'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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Paramount Dye Tec Cash-to-Debt Chart

Paramount Dye Tec Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.17

0.01

0.76

Paramount Dye Tec Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash-to-Debt	0.17	-	0.01	0.76

Competitive Comparison of Paramount Dye Tec's Cash-to-Debt

For the Textile Manufacturing subindustry, Paramount Dye Tec'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.

Paramount Dye Tec's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Paramount Dye Tec's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Paramount Dye Tec's Cash-to-Debt falls into.

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Paramount Dye Tec 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.

Paramount Dye Tec'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)
	=	123.866	/	(155.155	+	7.582)
	=	0.76

Paramount Dye Tec'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)
	=	123.866	/	(155.155	+	7.582)
	=	0.76

Paramount Dye Tec (NSE:PARAMOUNT) 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.

Paramount Dye Tec Cash-to-Debt Related Terms

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Paramount Dye Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Paramount Dye Tec Ltd (NSE:PARAMOUNT) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Machiwara Road, Village Mangarh, Kohara, Ludhiana, PB, IND, 141112

Website

https://www.paramountdyetec.com

Paramount Dye Tec Ltd manufactures yarns by recycling synthetic fiber (recycling synthetic waste), serving the B2B segment of the textile industry. It offers a range of products including synthetic fiber and yarns which include acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. The company utilizes synthetic waste fibers as its primary raw material, transforming them into quality yarn.

Paramount Dye Tec Headlines

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