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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Cash-to-Debt : No Debt (1) (As of Sep. 2023)


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What is Paranovus Entertainment Technology 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. Paranovus Entertainment Technology's cash to debt ratio for the quarter that ended in Sep. 2023 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, Paranovus Entertainment Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 Paranovus Entertainment Technology's Cash-to-Debt or its related term are showing as below:

PAVS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46   Med: 11.71   Max: No Debt
Current: 0.46

During the past 7 years, Paranovus Entertainment Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.46. And the median was 11.71.

PAVS's Cash-to-Debt is ranked worse than
53.3% of 1848 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs PAVS: 0.46

Paranovus Entertainment Technology Cash-to-Debt Historical Data

The historical data trend for Paranovus Entertainment Technology'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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Paranovus Entertainment Technology Cash-to-Debt Chart

Paranovus Entertainment Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash-to-Debt
Get a 7-Day Free Trial 14.23 16.56 16.34 8.70 1.50

Paranovus Entertainment Technology Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 22.80 8.70 5.24 1.50 No Debt

Competitive Comparison of Paranovus Entertainment Technology's Cash-to-Debt

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's Cash-to-Debt falls into.


Paranovus Entertainment Technology 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.

Paranovus Entertainment Technology'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)
=3.355 / (2.241 + 0)
=1.50

Paranovus Entertainment Technology's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Paranovus Entertainment Technology had no debt (1).

* 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.

Paranovus Entertainment Technology  (NAS:PAVS) 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.

Paranovus Entertainment Technology Cash-to-Debt Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Cash-to-Debt
Comparable Companies
NCRA PETZ CTGL INBP LSF BTTR FAMI BOF BABB GWLL XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200
Website
https://www.happ.org.cn
Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.