Avanti Feeds (NSE:AVANTIFEED) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Avanti Feeds 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. Avanti Feeds's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

NSE:AVANTIFEED' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 117.94 Max: 533.12
Current: 154.39

During the past 13 years, Avanti Feeds's highest Cash to Debt Ratio was 533.12. The lowest was 0.28. And the median was 117.94.

NSE:AVANTIFEED's Cash-to-Debt is ranked better than
92.49% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs NSE:AVANTIFEED: 154.39

Avanti Feeds Cash-to-Debt Historical Data

The historical data trend for Avanti Feeds'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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Avanti Feeds Cash-to-Debt Chart

Avanti Feeds Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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76.08

533.12

298.42

216.66

408.97

Avanti Feeds Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	408.97	N/A	154.39	N/A

Competitive Comparison of Avanti Feeds's Cash-to-Debt

For the Packaged Foods subindustry, Avanti Feeds'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.

Avanti Feeds's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Avanti Feeds 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.

Avanti Feeds'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)
	=	12487.877	/	(8.599	+	21.936)
	=	408.97

Avanti Feeds's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Avanti Feeds (NSE:AVANTIFEED) 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.

Avanti Feeds Cash-to-Debt Related Terms

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

Avanti Feeds (NSE:AVANTIFEED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Avanti Feeds Ltd (NSE:AVANTIFEED) » Definitions » Cash-to-Debt

Traded in Other Exchanges

512573:India

Address

G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.avantifeeds.com

Avanti Feeds Ltd is an Indian company which is engaged in the manufacturing of prawn and fish feeds and shrimp processor. The company's operating segments include Shrimp Feed, Shrimp Hatchery and Wind Mills. It generates maximum revenue from the Shrimp Feed segment. Geographically, it derives a majority of its revenue from India and also has a presence in the USA and the Rest of the world. Its product includes prawn feed, scampi feed, and fish feed.

Avanti Feeds (NSE:AVANTIFEED) Headlines

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