Vippy Spinpro (BOM:514302) Cash-to-Debt : 0.00 (As of Mar. 2024)

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What is Vippy Spinpro 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. Vippy Spinpro's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 13 years, Vippy Spinpro's highest Cash to Debt Ratio was 0.06. The lowest was 0.00. And the median was 0.01.

BOM:514302's Cash-to-Debt is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

Vippy Spinpro Cash-to-Debt Historical Data

The historical data trend for Vippy Spinpro'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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Vippy Spinpro Cash-to-Debt Chart

Vippy Spinpro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.02

0.06

Vippy Spinpro 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															-	N/A	0.13	N/A	-

Competitive Comparison of Vippy Spinpro's Cash-to-Debt

For the Textile Manufacturing subindustry, Vippy Spinpro'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.

Vippy Spinpro's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Vippy Spinpro 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.

Vippy Spinpro's Cash to Debt Ratio for the fiscal year 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)
	=	0.239	/	(339.694	+	281)
	=	0.00

Vippy Spinpro'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)
	=	0.239	/	(339.694	+	281)
	=	0.00

Vippy Spinpro (BOM:514302) 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.

Vippy Spinpro Cash-to-Debt Related Terms

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

Vippy Spinpro (BOM:514302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vippy Spinpro Ltd (BOM:514302) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

570, M.G. Road, 414, City Centre, Indore, MP, IND, 452001

Website

https://www.vippyspinpro.com

Vippy Spinpro Ltd is engaged in the manufacturing of cotton yarn. The company specializes in slub yarns, fancy yarns, multi-count yarns, and multi twist yarns, waxed yarn plied yarn, and others. Its products are used in applications such as terry towels, bottom-weight, home furnishing, Bed linen, knitting, surgical cloth, artistic canvas, industrial fabric, sheeting, and Home textiles. It is also engaged in the generation of power through Wind Mill and Solar Panels for captive consumption.

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