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Al-Haj Textile Mills (DHA:AL-HAJTEX) Cash-to-Debt : 2.51 (As of Mar. 2023)


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What is Al-Haj Textile Mills 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. Al-Haj Textile Mills's cash to debt ratio for the quarter that ended in Mar. 2023 was 2.51.

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, Al-Haj Textile Mills could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Al-Haj Textile Mills's Cash-to-Debt or its related term are showing as below:

DHA:AL-HAJTEX's Cash-to-Debt is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

Al-Haj Textile Mills Cash-to-Debt Historical Data

The historical data trend for Al-Haj Textile Mills'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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Al-Haj Textile Mills Cash-to-Debt Chart

Al-Haj Textile Mills Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 2.54 3.10 3.84 2.85

Al-Haj Textile Mills Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 3.63 2.85 2.80 2.84 2.51

Competitive Comparison of Al-Haj Textile Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Al-Haj Textile Mills'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.


Al-Haj Textile Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Al-Haj Textile Mills's Cash-to-Debt falls into.


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Al-Haj Textile Mills 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.

Al-Haj Textile Mills's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Al-Haj Textile Mills's Cash to Debt Ratio for the quarter that ended in Mar. 2023 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.


Al-Haj Textile Mills  (DHA:AL-HAJTEX) 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.


Al-Haj Textile Mills Cash-to-Debt Related Terms

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Al-Haj Textile Mills Business Description

Traded in Other Exchanges
N/A
Address
66, Dilkusha Commercial Area, 4th Floor, Dhaka, BGD, 1000
Al-Haj Textile Mills Ltd is a Bangladesh based company primarily engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns. It also offers advanced, reasonable solutions for any size-reduction requirements including quarry, aggregate, and various kinds of minerals.

Al-Haj Textile Mills Headlines

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