Garware Hi-Tech Films (BOM:500655) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Garware Hi-Tech Films 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. Garware Hi-Tech Films's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

The historical rank and industry rank for Garware Hi-Tech Films's Cash-to-Debt or its related term are showing as below:

BOM:500655' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 1.13 Max: 6.64
Current: 6.64

During the past 13 years, Garware Hi-Tech Films's highest Cash to Debt Ratio was 6.64. The lowest was 0.18. And the median was 1.13.

BOM:500655's Cash-to-Debt is ranked better than
80.06% of 1550 companies
in the Chemicals industry
Industry Median: 0.73 vs BOM:500655: 6.64

Garware Hi-Tech Films Cash-to-Debt Historical Data

The historical data trend for Garware Hi-Tech Films'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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Garware Hi-Tech Films Cash-to-Debt Chart

Garware Hi-Tech Films Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.81

0.69

1.45

1.48

2.39

Garware Hi-Tech Films 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	2.39	N/A	6.64	N/A

Competitive Comparison of Garware Hi-Tech Films's Cash-to-Debt

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.

Garware Hi-Tech Films's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Garware Hi-Tech Films's Cash-to-Debt falls into.

Garware Hi-Tech Films 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.

Garware Hi-Tech Films'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)
	=	3762.854	/	(724.38	+	847.527)
	=	2.39

Garware Hi-Tech Films'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.

Garware Hi-Tech Films (BOM:500655) 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.

Garware Hi-Tech Films Cash-to-Debt Related Terms

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Garware Hi-Tech Films (BOM:500655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Garware Hi-Tech Films Ltd (BOM:500655) » Definitions » Cash-to-Debt

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GRWRHITECH:India

Address

50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400 057

Website

https://www.garwarepoly.com

Garware Hi-Tech Films Ltd is engaged in the business of manufacturing of Polyester Films. Geographically, it derives a majority of revenue from India. The company manufactures Bi-axially Oriented Polyethylene Terephthalate (BOPET)/Polyester Films, Sun Control Films, Thermal Lamination Films, and Specialty Polyester Films. It also manufactures premium grade heat rejection films based on the latest IR Rejection Technology. These products are used in packaging, electrical and motor and cable insulations, shrink film for label application, colored polyester films for window tint application, sequin, and safety. Geographically, it derives a majority of revenue from the Rest of the world.

Garware Hi-Tech Films (BOM:500655) Headlines

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