Yash Optics and Lens (NSE:YASHOPTICS) Cash-to-Debt : 0.03 (As of Sep. 2023)

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What is Yash Optics and Lens 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. Yash Optics and Lens's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Yash Optics and Lens couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NSE:YASHOPTICS's Cash-to-Debt is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 1.785
* Ranked among companies with meaningful Cash-to-Debt only.

Yash Optics and Lens Cash-to-Debt Historical Data

The historical data trend for Yash Optics and Lens'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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Yash Optics and Lens Cash-to-Debt Chart

Yash Optics and Lens Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.15

0.31

0.05

Yash Optics and Lens Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Cash-to-Debt	0.15	0.31	0.05	0.03

Competitive Comparison of Yash Optics and Lens's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Yash Optics and Lens'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.

Yash Optics and Lens's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Yash Optics and Lens's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Yash Optics and Lens's Cash-to-Debt falls into.

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Yash Optics and Lens 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.

Yash Optics and Lens'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)
	=	5.249	/	(0.016	+	108.531)
	=	0.05

Yash Optics and Lens'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)
	=	6.565	/	(30.646	+	214.623)
	=	0.03

Yash Optics and Lens (NSE:YASHOPTICS) 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.

Yash Optics and Lens Cash-to-Debt Related Terms

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Yash Optics and Lens Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Yash Optics and Lens Ltd (NSE:YASHOPTICS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 st, Floor, Unit 70A, Kandiwali Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400067

Website

https://yashopticsandlens.com

Yash Optics and Lens Ltd is is engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/optical lenses. It offers products from single vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with wide range of coatings.

Yash Optics and Lens Headlines

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