Thinking Hats Entertainment Solutions (NSE:THESL) Cash-to-Debt : 1.93 (As of Mar. 2024)

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What is Thinking Hats Entertainment Solutions 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. Thinking Hats Entertainment Solutions's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.93.

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, Thinking Hats Entertainment Solutions could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Thinking Hats Entertainment Solutions's Cash-to-Debt or its related term are showing as below:

NSE:THESL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.49 Med: 1.93 Max: 6.73
Current: 1.93

During the past 3 years, Thinking Hats Entertainment Solutions's highest Cash to Debt Ratio was 6.73. The lowest was 1.49. And the median was 1.93.

NSE:THESL's Cash-to-Debt is ranked better than
56.22% of 1037 companies
in the Media - Diversified industry
Industry Median: 1.3 vs NSE:THESL: 1.93

Thinking Hats Entertainment Solutions Cash-to-Debt Historical Data

The historical data trend for Thinking Hats Entertainment Solutions'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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Thinking Hats Entertainment Solutions Cash-to-Debt Chart

Thinking Hats Entertainment Solutions Annual Data

Trend

Mar22

Mar23

Mar24

Cash-to-Debt

6.73

1.49

1.93

Thinking Hats Entertainment Solutions Semi-Annual Data
	Mar22	Mar23	Mar24
Cash-to-Debt	6.73	1.49	1.93

Competitive Comparison of Thinking Hats Entertainment Solutions's Cash-to-Debt

For the Advertising Agencies subindustry, Thinking Hats Entertainment Solutions'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.

Thinking Hats Entertainment Solutions's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thinking Hats Entertainment Solutions's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thinking Hats Entertainment Solutions's Cash-to-Debt falls into.

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Thinking Hats Entertainment Solutions 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.

Thinking Hats Entertainment Solutions'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)
	=	104.842	/	(45.147	+	9.199)
	=	1.93

Thinking Hats Entertainment Solutions'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)
	=	104.842	/	(45.147	+	9.199)
	=	1.93

Thinking Hats Entertainment Solutions (NSE:THESL) 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.

Thinking Hats Entertainment Solutions Cash-to-Debt Related Terms

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

Thinking Hats Entertainment Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thinking Hats Entertainment Solutions Ltd (NSE:THESL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.thes.in

Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.

Thinking Hats Entertainment Solutions Headlines

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