Vera Synthetic (NSE:VERA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Vera Synthetic 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. Vera Synthetic's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Vera Synthetic could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

NSE:VERA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.32 Max: No Debt
Current: 2.39

During the past 12 years, Vera Synthetic's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.32.

NSE:VERA's Cash-to-Debt is ranked better than
75.02% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs NSE:VERA: 2.39

Vera Synthetic Cash-to-Debt Historical Data

The historical data trend for Vera Synthetic'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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Vera Synthetic Cash-to-Debt Chart

Vera Synthetic Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.79

1.62

1.30

1.76

No Debt

Vera Synthetic Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial														1.30	N/A	1.76	0.04	No Debt

Competitive Comparison of Vera Synthetic's Cash-to-Debt

For the Textile Manufacturing subindustry, Vera Synthetic'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.

Vera Synthetic's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

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Vera Synthetic 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.

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

Vera Synthetic had no debt ⁽¹⁾.

Vera Synthetic's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Vera Synthetic had no debt ⁽¹⁾.

Vera Synthetic (NSE:VERA) 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.

Vera Synthetic Cash-to-Debt Related Terms

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Vera Synthetic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vera Synthetic Ltd (NSE:VERA) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Dairy Road, Devubag, Office Number Upper Level (UL) - 27, Pattani Plaza, Nilam Baug, Bhavnagar, GJ, IND, 364002

Website

https://www.sujlonropes.com

Vera Synthetic Ltd is engaged in the manufacturing of fishing nets ropes and twine yarn. It has also diversified its portfolio into plastic engineering products. It manufactures and markets its product under the brand name Sujlon. Its product portfolio includes Fishing Nets, Fishing Ropes, Mono Twine, Mono Yarn, Plastic Graunals, and Polypropylene PP among others. Geographically, it operates only in India.