Tainwala Chemical and Plastic (I) (BOM:507785) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Tainwala Chemical and Plastic (I) 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. Tainwala Chemical and Plastic (I)'s cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Tainwala Chemical and Plastic (I) could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Tainwala Chemical and Plastic (I)'s Cash-to-Debt or its related term are showing as below:

BOM:507785' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Tainwala Chemical and Plastic (I)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was No Debt.

BOM:507785's Cash-to-Debt is ranked better than
99.8% of 1512 companies
in the Chemicals industry
Industry Median: 0.74 vs BOM:507785: No Debt

Tainwala Chemical and Plastic (I) Cash-to-Debt Historical Data

The historical data trend for Tainwala Chemical and Plastic (I)'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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Tainwala Chemical and Plastic (I) Cash-to-Debt Chart

Tainwala Chemical and Plastic (I) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.22

No Debt

Tainwala Chemical and Plastic (I) 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															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Tainwala Chemical and Plastic (I)'s Cash-to-Debt

For the Specialty Chemicals subindustry, Tainwala Chemical and Plastic (I)'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.

Tainwala Chemical and Plastic (I)'s Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tainwala Chemical and Plastic (I)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tainwala Chemical and Plastic (I)'s Cash-to-Debt falls into.

Tainwala Chemical and Plastic (I) 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.

Tainwala Chemical and Plastic (I)'s Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Tainwala Chemical and Plastic (I) had no debt ⁽¹⁾.

Tainwala Chemical and Plastic (I)'s Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Tainwala Chemical and Plastic (I) had no debt ⁽¹⁾.

Tainwala Chemical and Plastic (I) (BOM:507785) 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.

Tainwala Chemical and Plastic (I) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Tainwala Chemical and Plastic (I)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Tainwala Chemical and Plastic (I) (BOM:507785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tainwala Chemical and Plastic (I) Ltd (BOM:507785) » Definitions » Cash-to-Debt

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TAINWALCHM:India

Address

Road No. 18, M.I.D.C., Marol, Tainwala House, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.tainwala.in

Tainwala Chemical and Plastic (I) Ltd is engaged in the business of manufacturing extruded plastic sheets of various polymers like polyvinyl chloride (PVC), polypropylene (PP), PP glass laminated (PPGL), high-density polyethylene (HDPE) and acrylonitrile-butadiene-styrene (ABS). Its other product includes Tainclear-PVC Rigid Sheets, Tainflex-PVC Flexible (Plasticized) Sheets, and Tainpack-PVC Foils. The company operates through two segments: Plastic Sheets and Securities trading and all its businesses are operating only in India. The firm generates its majority revenue from the Plastic Sheets segment.

Tainwala Chemical and Plastic (I) (BOM:507785) Headlines

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Tainwala Chemical and Plastic (I) (BOM:507785) Cash-to-Debt : No Debt (1) (As of Mar. 2024)