Harshil Agrotech (BOM:505336) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is Harshil Agrotech 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. Harshil Agrotech's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.07.

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, Harshil Agrotech couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:505336' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.85
Current: 0.07

During the past 13 years, Harshil Agrotech's highest Cash to Debt Ratio was 0.85. The lowest was 0.00. And the median was 0.03.

BOM:505336's Cash-to-Debt is ranked worse than
87.01% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.43 vs BOM:505336: 0.07

Harshil Agrotech Cash-to-Debt Historical Data

The historical data trend for Harshil Agrotech'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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Harshil Agrotech Cash-to-Debt Chart

Harshil Agrotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.85

0.03

0.07

Harshil Agrotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.03	N/A	N/A	0.07

Competitive Comparison of Harshil Agrotech's Cash-to-Debt

For the Food Distribution subindustry, Harshil Agrotech'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.

Harshil Agrotech's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Harshil Agrotech's Cash-to-Debt distribution charts can be found below:

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

Harshil Agrotech 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.

Harshil Agrotech's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	0.469	/	(0	+	6.753)
	=	0.07

Harshil Agrotech's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.469	/	(0	+	6.753)
	=	0.07

Harshil Agrotech (BOM:505336) 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.

Harshil Agrotech Cash-to-Debt Related Terms

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Harshil Agrotech (BOM:505336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Harshil Agrotech Ltd (BOM:505336) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. F-213, I Square, Nr. Shukan Mall Cross Road,, Science City Road,, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.mirchtechnologies.in

Harshil Agrotech Ltd Formerly Mirch Technologies (India) Ltd is previously engaged in industrial design and fabrication for Army, Navy, and Defense. The Company covers industries such as fertilizers, chemicals, petrochemicals, power plants, fibers, cement, steel plants, pharmaceuticals, dyes and intermediates, paper and pulp, and other allied processing industries. The Company is now engaged in Trading and Manufacturing of Agro and Its Related products.

Harshil Agrotech (BOM:505336) Headlines

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