Kohinoor Textile Mills (KAR:KTML) Cash-to-Debt : 0.56 (As of Mar. 2024)

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What is Kohinoor 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. Kohinoor Textile Mills's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.56.

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

KAR:KTML' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.25 Max: 0.62
Current: 0.56

During the past 13 years, Kohinoor Textile Mills's highest Cash to Debt Ratio was 0.62. The lowest was 0.08. And the median was 0.25.

KAR:KTML's Cash-to-Debt is ranked better than
53.94% of 1027 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs KAR:KTML: 0.56

Kohinoor Textile Mills Cash-to-Debt Historical Data

The historical data trend for Kohinoor 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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Kohinoor Textile Mills Cash-to-Debt Chart

Kohinoor Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.22

0.18

0.41

0.17

0.34

Kohinoor 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															0.24	0.34	0.31	0.44	0.56

Competitive Comparison of Kohinoor Textile Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Kohinoor 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.

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

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

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

Kohinoor 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.

Kohinoor 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)
	=	11493.069	/	(12649.125	+	21673.099)
	=	0.33

Kohinoor 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)
	=	18044.595	/	(13416.393	+	18970.597)
	=	0.56

Kohinoor Textile Mills (KAR:KTML) 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.

Kohinoor Textile Mills Cash-to-Debt Related Terms

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

Kohinoor Textile Mills (KAR:KTML) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

42-Lawrence Road, Lahore, PB, PAK, 54000

Website

http://www.kmlg.com

Kohinoor Textile Mills Ltd is a company engaged in the manufacturing of yarn and cloth, processing and stitching the cloth, and trade of textile products. It operates through six divisions which comprise Spinning, Weaving, Processing and Home Textile. It is engaged in the production of yarns from natural and artificial fibers and greige fabrics for the manufacture of printed and dyed fabrics and home textile articles. The company generates maximum revenue from the Spinning segment.

Kohinoor Textile Mills (KAR:KTML) Headlines

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