Gul Ahmed Textile Mills (KAR:GATM) Cash-to-Debt : 0.01 (As of Mar. 2024)

View and export this data going back to 1970. Start your Free Trial

What is Gul Ahmed 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. Gul Ahmed Textile Mills's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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

KAR:GATM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.05
Current: 0.01

During the past 13 years, Gul Ahmed Textile Mills's highest Cash to Debt Ratio was 0.05. The lowest was 0.01. And the median was 0.02.

KAR:GATM's Cash-to-Debt is ranked worse than
95.33% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs KAR:GATM: 0.01

Gul Ahmed Textile Mills Cash-to-Debt Historical Data

The historical data trend for Gul Ahmed 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.

* Premium members only.

Gul Ahmed Textile Mills Cash-to-Debt Chart

Gul Ahmed Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.04

0.02

Gul Ahmed Textile 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															0.02	0.02	0.02	0.03	0.01

Competitive Comparison of Gul Ahmed Textile Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Gul Ahmed 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.

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

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

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

Gul Ahmed 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.

Gul Ahmed Textile 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)
	=	1200.791	/	(34897.302	+	23108.778)
	=	0.02

Gul Ahmed Textile 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)
	=	700.946	/	(42705.634	+	18394.22)
	=	0.01

Gul Ahmed Textile Mills (KAR:GATM) 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.

Gul Ahmed Textile Mills Cash-to-Debt Related Terms

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

Gul Ahmed Textile Mills (KAR:GATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gul Ahmed Textile Mills Ltd (KAR:GATM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120

Website

https://www.gulahmed.com

Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

Gul Ahmed Textile Mills (KAR:GATM) Headlines

No Headlines