Premier Polyfilm (NSE:PREMIERPOL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Premier Polyfilm 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. Premier Polyfilm's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Premier Polyfilm could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

NSE:PREMIERPOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.33 Max: No Debt
Current: No Debt

During the past 13 years, Premier Polyfilm's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 0.33.

NSE:PREMIERPOL's Cash-to-Debt is ranked better than
99.8% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs NSE:PREMIERPOL: No Debt

Premier Polyfilm Cash-to-Debt Historical Data

The historical data trend for Premier Polyfilm'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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Premier Polyfilm Cash-to-Debt Chart

Premier Polyfilm Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.17

0.42

0.29

0.20

No Debt

Premier Polyfilm 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															0.20	N/A	No Debt	N/A	No Debt

Competitive Comparison of Premier Polyfilm's Cash-to-Debt

For the Specialty Chemicals subindustry, Premier Polyfilm'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.

Premier Polyfilm's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Premier Polyfilm's Cash-to-Debt distribution charts can be found below:

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

Premier Polyfilm 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.

Premier Polyfilm's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Premier Polyfilm had no debt ⁽¹⁾.

Premier Polyfilm's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Premier Polyfilm had no debt ⁽¹⁾.

Premier Polyfilm (NSE:PREMIERPOL) 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.

Premier Polyfilm Cash-to-Debt Related Terms

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

Premier Polyfilm (NSE:PREMIERPOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Premier Polyfilm Ltd (NSE:PREMIERPOL) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

514354:India

Address

Sahibabad Industrial Area, 40/1A, Site IV, Sahibabad, Ghaziabad, UP, IND, 201010

Website

https://www.premierpoly.com

Premier Polyfilm Ltd is engaged in the manufacturing and export of calendared PVC products. Its operating segment is manufacturing and sale of PVC films and sheets, and thus generates entire revenue from it. The products of the company include PVC flooring, PVC sheeting, PVC flexible film, calendared leather cloth, humidity barrier, PVC Geomembrane, printed and technical flooring, high voltage insulated mats, and others. It serves various sectors such as agriculture, automobiles, building and construction, electrical and electronics, food and pharmaceuticals, sports and leisure, and others.

Premier Polyfilm (NSE:PREMIERPOL) Headlines

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Premier Polyfilm (NSE:PREMIERPOL) Cash-to-Debt : No Debt (1) (As of Mar. 2024)