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Vardhman Polytex (NSE:VARDMNPOLY) Cash-to-Debt : 0.07 (As of Sep. 2024)


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What is Vardhman Polytex 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. Vardhman Polytex's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.07.

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, Vardhman Polytex couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NSE:VARDMNPOLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.07
Current: 0.07

During the past 13 years, Vardhman Polytex's highest Cash to Debt Ratio was 0.07. The lowest was 0.00. And the median was 0.00.

NSE:VARDMNPOLY's Cash-to-Debt is ranked worse than
80.08% of 1029 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.46 vs NSE:VARDMNPOLY: 0.07

Vardhman Polytex Cash-to-Debt Historical Data

The historical data trend for Vardhman Polytex'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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Vardhman Polytex Cash-to-Debt Chart

Vardhman Polytex Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash-to-Debt
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Vardhman Polytex Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - N/A - N/A 0.07

Competitive Comparison of Vardhman Polytex's Cash-to-Debt

For the Textile Manufacturing subindustry, Vardhman Polytex'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.


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

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

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



Vardhman Polytex 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.

Vardhman Polytex's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Vardhman Polytex's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Vardhman Polytex  (NSE:VARDMNPOLY) 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.


Vardhman Polytex Cash-to-Debt Related Terms

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


Vardhman Polytex Business Description

Traded in Other Exchanges
Address
Chandigarh Road, Vardhman Park, Ludhiana, PB, IND, 141123
Vardhman Polytex Ltd is an Indian company operating in the Textile industry. The company is engaged in the manufacturing and export of cotton fabric and branded yarn. It is also engaged in the Real Estate business. It has production facilities located in Bathinda, Ludhiana, and Nalagarh in India. The Company's principal activity is the manufacturing of yarn & garments. Its product range includes yarns, fabrics, and garments including compact yarns, Organic Cotton Yarns, Dyed Yarns, polo t-shirts, round neck t-shirts, hoodies, and sweatshirts for men, women, and kids. It generates the majority of the revenue from the Textile Business. Geographically it covers the Indian and International Market.

Vardhman Polytex Headlines

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