Phantom Digital Effects (NSE:PHANTOMFX) Cash-to-Debt : 0.27 (As of Sep. 2023)

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What is Phantom Digital Effects 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. Phantom Digital Effects's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.27.

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, Phantom Digital Effects 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 Phantom Digital Effects's Cash-to-Debt or its related term are showing as below:

NSE:PHANTOMFX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.31 Max: 0.62
Current: 0.27

During the past 4 years, Phantom Digital Effects's highest Cash to Debt Ratio was 0.62. The lowest was 0.08. And the median was 0.31.

NSE:PHANTOMFX's Cash-to-Debt is ranked worse than
74.06% of 1037 companies
in the Media - Diversified industry
Industry Median: 1.26 vs NSE:PHANTOMFX: 0.27

Phantom Digital Effects Cash-to-Debt Historical Data

The historical data trend for Phantom Digital Effects'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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Phantom Digital Effects Cash-to-Debt Chart

Phantom Digital Effects Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.08

0.13

0.62

0.55

Phantom Digital Effects Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			0.35	N/A	0.55	N/A	0.27

Competitive Comparison of Phantom Digital Effects's Cash-to-Debt

For the Entertainment subindustry, Phantom Digital Effects'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.

Phantom Digital Effects's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Phantom Digital Effects's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Phantom Digital Effects's Cash-to-Debt falls into.

Phantom Digital Effects 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.

Phantom Digital Effects'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)
	=	40.587	/	(57.862	+	15.502)
	=	0.55

Phantom Digital Effects'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)
	=	48.051	/	(162.436	+	15.502)
	=	0.27

Phantom Digital Effects (NSE:PHANTOMFX) 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.

Phantom Digital Effects Cash-to-Debt Related Terms

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Phantom Digital Effects (NSE:PHANTOMFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Phantom Digital Effects Ltd (NSE:PHANTOMFX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Main Road, 6th Floor, Tower B, Kosmo One Tech Park, Plot No.14, Ambattur, Chennai, TN, IND, 600058

Website

https://www.phantom-fx.com

Phantom Digital Effects Ltd is a certified trusted partner network (TPN) company, full-fledged creative VFX studio, based in India with offices operating in US and Canada. As a TPN Certified studio, PhantomFX offers a wide range of VFX services. The company's specializations include: Completing a Shot with final compositing, Creating 3D elements, photoreal creatures, and environments, Rig/Wire removal, paint cleanup, rotoscopy, 3D matchmove, 3D animation (storyboard, animation), Pre-visualization Game cinematics, Fire / water Fx and other natural phenomena 3D ride animation.

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