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Sheetal Universal (NSE:SHEETAL) Cash-to-Debt : 0.04 (As of Mar. 2024)


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What is Sheetal Universal 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. Sheetal Universal's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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

NSE:SHEETAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04   Med: 0.12   Max: 0.55
Current: 0.04

During the past 4 years, Sheetal Universal's highest Cash to Debt Ratio was 0.55. The lowest was 0.04. And the median was 0.12.

NSE:SHEETAL's Cash-to-Debt is ranked worse than
89.31% of 1871 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs NSE:SHEETAL: 0.04

Sheetal Universal Cash-to-Debt Historical Data

The historical data trend for Sheetal Universal'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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Sheetal Universal Cash-to-Debt Chart

Sheetal Universal Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Cash-to-Debt
0.06 0.55 0.18 0.04

Sheetal Universal Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Cash-to-Debt 0.06 0.55 0.18 0.04

Competitive Comparison of Sheetal Universal's Cash-to-Debt

For the Farm Products subindustry, Sheetal Universal'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.

Sheetal Universal's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sheetal Universal's Cash-to-Debt distribution charts can be found below:

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


Sheetal Universal 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.

Sheetal Universal'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)
=5.519 / (111.154 + 40.483)
=0.04

Sheetal Universal'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)
=5.519 / (111.154 + 40.483)
=0.04

* 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.

Sheetal Universal  (NSE:SHEETAL) 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.

Sheetal Universal Cash-to-Debt Related Terms

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Sheetal Universal Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sheetal Universal Ltd (NSE:SHEETAL) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
150 Feet Ring Road, Office No. 348, 2nd Floor, ISCON Mall, Rajkot, GJ, IND, 360005
Website
https://www.sheetaluniversal.com
Sheetal Universal Ltd is engaged in sourcing, processing and supply in agriculture commodities like peanut, sesame seeds, spice and grains to cater the manufacturer of peanut butter, biscuits, cakes, chocolate and food products.

Sheetal Universal Headlines

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