Lorenzini Apparels (BOM:540952) Cash-to-Debt : 0.10 (As of Sep. 2023)

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What is Lorenzini Apparels 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. Lorenzini Apparels's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.10.

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, Lorenzini Apparels 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 Lorenzini Apparels's Cash-to-Debt or its related term are showing as below:

BOM:540952' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 0.99
Current: 0.1

During the past 11 years, Lorenzini Apparels's highest Cash to Debt Ratio was 0.99. The lowest was 0.02. And the median was 0.11.

BOM:540952's Cash-to-Debt is ranked worse than
75.92% of 1038 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs BOM:540952: 0.10

Lorenzini Apparels Cash-to-Debt Historical Data

The historical data trend for Lorenzini Apparels'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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Lorenzini Apparels Cash-to-Debt Chart

Lorenzini Apparels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.16

0.12

0.04

0.02

0.04

Lorenzini Apparels Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial												0.02	0.02	0.11	0.04	0.10

Competitive Comparison of Lorenzini Apparels's Cash-to-Debt

For the Apparel Manufacturing subindustry, Lorenzini Apparels'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.

Lorenzini Apparels's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Lorenzini Apparels 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.

Lorenzini Apparels'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)
	=	6.756	/	(77.73	+	81.071)
	=	0.04

Lorenzini Apparels'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)
	=	14.154	/	(89.015	+	58.604)
	=	0.10

Lorenzini Apparels (BOM:540952) 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.

Lorenzini Apparels Cash-to-Debt Related Terms

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

Lorenzini Apparels (BOM:540952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lorenzini Apparels Ltd (BOM:540952) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LAL:India

Address

C-64, Okhla Industrial Area Phase - I, New Delhi, Delhi, IND, 110020

Website

https://www.mymonteil.com

Lorenzini Apparels Ltd is engaged in the business of manufacturing, designing, and marketing ready-made garments in India. The company offers formal, semi-formal, and casual wear for men and women casual wear under the brand names Monteil and Munero Monteil, and Calgari. Its products include jeans, shirts, jackets, t-shirts, trousers, sweatshirts, sweaters, blazers, waistcoats, shorts, and capris. In addition, the company also outsources the garments manufacturing on a work basis from third-party contractors.

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