Feroze1888 Mills (KAR:FML) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Feroze1888 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. Feroze1888 Mills's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, Feroze1888 Mills 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 Feroze1888 Mills's Cash-to-Debt or its related term are showing as below:

KAR:FML' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.19 Max: 8.35
Current: 0.02

During the past 13 years, Feroze1888 Mills's highest Cash to Debt Ratio was 8.35. The lowest was 0.02. And the median was 0.19.

KAR:FML's Cash-to-Debt is ranked worse than
91.62% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs KAR:FML: 0.02

Feroze1888 Mills Cash-to-Debt Historical Data

The historical data trend for Feroze1888 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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Feroze1888 Mills Cash-to-Debt Chart

Feroze1888 Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.37

0.40

0.37

0.40

0.22

Feroze1888 Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.22	0.03	0.02	0.02

Competitive Comparison of Feroze1888 Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Feroze1888 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.

Feroze1888 Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Feroze1888 Mills's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Feroze1888 Mills's Cash-to-Debt falls into.

Feroze1888 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.

Feroze1888 Mills's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	5699.217	/	(17633.576	+	8294.831)
	=	0.22

Feroze1888 Mills'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)
	=	602.41	/	(21871.704	+	6792.849)
	=	0.02

Feroze1888 Mills (KAR:FML) 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.

Feroze1888 Mills Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Feroze1888 Mills's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Feroze1888 Mills (KAR:FML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Feroze1888 Mills Ltd (KAR:FML) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

K&N Centre, 160 Banglore Town, 2nd and 3rd Floors, Shahrah -e-Faisal, Karachi, SD, PAK

Website

https://www.feroze1888.com

Feroze1888 Mills Ltd is a Pakistan-based company manufactures and exports towels. Their product line includes bath towels, beach towels, and a kitchen section. Their bath towel product includes dobby, yarn dyed, and jacquard, while their kitchen section includes scrubber, flour sack, and basic. Geographically, it derives a majority of revenue from America and also has a presence in Europe; Asia; Australia, and Africa.

Feroze1888 Mills (KAR:FML) Headlines

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