Sunlite Recycling Industries (NSE:SUNLITE) Cash-to-Debt : 0.00 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Sunlite Recycling Industries 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. Sunlite Recycling Industries's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 4 years, Sunlite Recycling Industries's highest Cash to Debt Ratio was 0.22. The lowest was 0.00. And the median was 0.02.

NSE:SUNLITE's Cash-to-Debt is not ranked ^*
in the Industrial Products industry.
Industry Median: 1.18
* Ranked among companies with meaningful Cash-to-Debt only.

Sunlite Recycling Industries Cash-to-Debt Historical Data

The historical data trend for Sunlite Recycling Industries'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.

Sunlite Recycling Industries Cash-to-Debt Chart

Sunlite Recycling Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.22

0.04

Sunlite Recycling Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash-to-Debt	0.22	-	0.04	-

Competitive Comparison of Sunlite Recycling Industries's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries'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.

Sunlite Recycling Industries's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's Cash-to-Debt distribution charts can be found below:

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

Sunlite Recycling Industries 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.

Sunlite Recycling Industries'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)
	=	0.734	/	(314.891	+	34.283)
	=	0.00

Sunlite Recycling Industries'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)
	=	0.734	/	(314.891	+	34.283)
	=	0.00

Sunlite Recycling Industries (NSE:SUNLITE) 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.

Sunlite Recycling Industries Cash-to-Debt Related Terms

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

Sunlite Recycling Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunlite Recycling Industries Ltd (NSE:SUNLITE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350

Website

https://www.sunliteindustries.com

Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Sunlite Recycling Industries Headlines

No Headlines