Tapi Fruit Processing (NSE:TAPIFRUIT) Cash-to-Debt : 6.65 (As of Sep. 2023)

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What is Tapi Fruit Processing 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. Tapi Fruit Processing's cash to debt ratio for the quarter that ended in Sep. 2023 was 6.65.

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, Tapi Fruit Processing could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Tapi Fruit Processing's Cash-to-Debt or its related term are showing as below:

NSE:TAPIFRUIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.69 Max: 6.65
Current: 6.65

During the past 4 years, Tapi Fruit Processing's highest Cash to Debt Ratio was 6.65. The lowest was 0.01. And the median was 0.69.

NSE:TAPIFRUIT's Cash-to-Debt is ranked better than
81.24% of 1871 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs NSE:TAPIFRUIT: 6.65

Tapi Fruit Processing Cash-to-Debt Historical Data

The historical data trend for Tapi Fruit Processing'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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Tapi Fruit Processing Cash-to-Debt Chart

Tapi Fruit Processing Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.04

0.01

1.35

Tapi Fruit Processing Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.01	1.46	1.35	6.65

Competitive Comparison of Tapi Fruit Processing's Cash-to-Debt

For the Packaged Foods subindustry, Tapi Fruit Processing'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.

Tapi Fruit Processing's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Tapi Fruit Processing 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.

Tapi Fruit Processing'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)
	=	0.065	/	(0.023	+	0.025)
	=	1.35

Tapi Fruit Processing'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)
	=	32.378	/	(2.458	+	2.412)
	=	6.65

Tapi Fruit Processing (NSE:TAPIFRUIT) 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.

Tapi Fruit Processing Cash-to-Debt Related Terms

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Tapi Fruit Processing (NSE:TAPIFRUIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tapi Fruit Processing Ltd (NSE:TAPIFRUIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Varachha Road, Office No. 212 to 214, Sunrise Chambers, Near Ashok Colony, Mini Bazar, Surat, GJ, IND, 395006

Website

https://www.tapifood.com

Tapi Fruit Processing Ltd is a is a manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam and Fruit Leathers, Chutney and Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies.

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