Priti International (NSE:PRITI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Priti International 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. Priti International'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, Priti International 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 Priti International's Cash-to-Debt or its related term are showing as below:

NSE:PRITI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Priti International's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was No Debt.

NSE:PRITI's Cash-to-Debt is ranked better than
99.52% of 418 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs NSE:PRITI: No Debt

Priti International Cash-to-Debt Historical Data

The historical data trend for Priti International'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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Priti International Cash-to-Debt Chart

Priti International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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No Debt

5.10

No Debt

Priti International Quarterly Data
	Dec17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Priti International's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Priti International'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.

Priti International's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Priti International's Cash-to-Debt distribution charts can be found below:

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

Priti International 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.

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

Priti International had no debt ⁽¹⁾.

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

Priti International had no debt ⁽¹⁾.

Priti International (NSE:PRITI) 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.

Priti International Cash-to-Debt Related Terms

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

Priti International (NSE:PRITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Priti International Ltd (NSE:PRITI) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

1, Basement, Abhay Chambers Opposite SBI Bank, Jalori Gate, Jodhpur, RJ, IND, 342001

Website

https://www.pritiinternationalltd.com

Priti International Ltd is engaged in the manufacturing and exporting of handicraft products. It offers a wide range of products including solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, and pet products. The company's operating segment includes Wooden and Iron Handicraft and Textile Handicraft. It generates maximum revenue from the Wooden and Iron Handicraft segment.

Priti International (NSE:PRITI) Headlines

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Priti International (NSE:PRITI) Cash-to-Debt : No Debt (1) (As of Mar. 2024)