Peria Karamalai Tea & Produce Co (NSE:PKTEA) Cash-to-Debt : 0.65 (As of Mar. 2024)

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What is Peria Karamalai Tea & Produce Co 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. Peria Karamalai Tea & Produce Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.65.

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, Peria Karamalai Tea & Produce Co 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 Peria Karamalai Tea & Produce Co's Cash-to-Debt or its related term are showing as below:

NSE:PKTEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.31 Max: 8.91
Current: 0.65

During the past 13 years, Peria Karamalai Tea & Produce Co's highest Cash to Debt Ratio was 8.91. The lowest was 0.03. And the median was 0.31.

NSE:PKTEA's Cash-to-Debt is ranked better than
54.7% of 1861 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs NSE:PKTEA: 0.65

Peria Karamalai Tea & Produce Co Cash-to-Debt Historical Data

The historical data trend for Peria Karamalai Tea & Produce Co'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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Peria Karamalai Tea & Produce Co Cash-to-Debt Chart

Peria Karamalai Tea & Produce Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.25

0.37

0.06

0.57

0.65

Peria Karamalai Tea & Produce Co Quarterly Data
	Jun19	Sep19	Dec19	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															0.57	N/A	0.58	N/A	0.65

Competitive Comparison of Peria Karamalai Tea & Produce Co's Cash-to-Debt

For the Farm Products subindustry, Peria Karamalai Tea & Produce Co'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.

Peria Karamalai Tea & Produce Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Peria Karamalai Tea & Produce Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Peria Karamalai Tea & Produce Co's Cash-to-Debt falls into.

Peria Karamalai Tea & Produce Co 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.

Peria Karamalai Tea & Produce Co'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)
	=	140.905	/	(156.577	+	58.756)
	=	0.65

Peria Karamalai Tea & Produce Co'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)
	=	140.905	/	(156.577	+	58.756)
	=	0.65

Peria Karamalai Tea & Produce Co (NSE:PKTEA) 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.

Peria Karamalai Tea & Produce Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Peria Karamalai Tea & Produce Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Peria Karamalai Tea & Produce Co (NSE:PKTEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Peria Karamalai Tea & Produce Co Ltd (NSE:PKTEA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

286, Race Course Road, Panchratn, Coimbatore, TN, IND, 641018

Website

https://www.periatea.com

Peria Karamalai Tea & Produce Co Ltd is engaged in the production and distribution of Tea, the generation and distribution of power, and investment in financial instruments. It has classified its businesses into Tea, Investment, and Power. The majority of the revenue is derived from the Tea Segment.

Peria Karamalai Tea & Produce Co (NSE:PKTEA) Headlines

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