Purv Flexipack (NSE:PURVFLEXI) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Purv Flexipack 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. Purv Flexipack's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, Purv Flexipack 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 Purv Flexipack's Cash-to-Debt or its related term are showing as below:

NSE:PURVFLEXI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.04
Current: 0.02

During the past 3 years, Purv Flexipack's highest Cash to Debt Ratio was 0.04. The lowest was 0.02. And the median was 0.03.

NSE:PURVFLEXI's Cash-to-Debt is ranked worse than
93.8% of 387 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs NSE:PURVFLEXI: 0.02

Purv Flexipack Cash-to-Debt Historical Data

The historical data trend for Purv Flexipack'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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Purv Flexipack Cash-to-Debt Chart

Purv Flexipack Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.04

0.02

Purv Flexipack Quarterly Data
	Mar21	Mar22	Mar23	Sep23
Cash-to-Debt	0.04	0.04	0.02	0.02

Competitive Comparison of Purv Flexipack's Cash-to-Debt

For the Packaging & Containers subindustry, Purv Flexipack'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.

Purv Flexipack's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Purv Flexipack's Cash-to-Debt distribution charts can be found below:

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

Purv Flexipack 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.

Purv Flexipack'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)
	=	18.358	/	(726.25	+	508.848)
	=	0.01

Purv Flexipack'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)
	=	32.341	/	(1020.515	+	480.881)
	=	0.02

Purv Flexipack (NSE:PURVFLEXI) 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.

Purv Flexipack Cash-to-Debt Related Terms

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

Purv Flexipack (NSE:PURVFLEXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Purv Flexipack Ltd (NSE:PURVFLEXI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Sarat Bose Road, Annapurna Apartment, Suit 1C, 1st Floor, Kolkata, WB, IND, 700020

Website

https://www.purvflexipack.in

Purv Flexipack Ltd is a company primarily engaged in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The company is a dealer of various companies for distribution of plastic based products.

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