Redtape (NSE:REDTAPE) Cash-to-Debt : 0.05 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Redtape 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. Redtape's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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

NSE:REDTAPE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 5000.02 Max: No Debt
Current: 0.05

During the past 3 years, Redtape's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 5000.02.

NSE:REDTAPE's Cash-to-Debt is ranked worse than
84.81% of 1027 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs NSE:REDTAPE: 0.05

Redtape Cash-to-Debt Historical Data

The historical data trend for Redtape'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.

* Premium members only.

Redtape Cash-to-Debt Chart

Redtape Annual Data

Trend

Mar22

Mar23

Mar24

Cash-to-Debt

No Debt

N/A

0.05

Redtape Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				N/A	N/A	0.06	N/A	0.05

Competitive Comparison of Redtape's Cash-to-Debt

For the Footwear & Accessories subindustry, Redtape'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.

Redtape's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Redtape's Cash-to-Debt distribution charts can be found below:

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

Redtape 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.

Redtape'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)
	=	231.6	/	(1640.6	+	3160)
	=	0.05

Redtape'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)
	=	231.6	/	(1640.6	+	3160)
	=	0.05

Redtape (NSE:REDTAPE) 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.

Redtape Cash-to-Debt Related Terms

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

Redtape (NSE:REDTAPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Redtape Ltd (NSE:REDTAPE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

543957:India

Address

Plot No. 8, Sector 90, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.redtape.com

Redtape Ltd Is the finest brand of Footwear and Clothing for Men, Women and Kids. Its clothing and accessories categories with product offerings comprising casual and semi-formal apparel including shirts, t-shirts, trousers, denim, sweaters, jackets and accessories such as belts, socks, handkerchiefs and wallets. The brand also caters to fashion-conscious women and kids with a wide array of products.

Redtape (NSE:REDTAPE) Headlines

No Headlines