Tasty Bite Eatables (BOM:519091) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is Tasty Bite Eatables 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. Tasty Bite Eatables's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, Tasty Bite Eatables 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 Tasty Bite Eatables's Cash-to-Debt or its related term are showing as below:

BOM:519091' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.2
Current: 0.13

During the past 13 years, Tasty Bite Eatables's highest Cash to Debt Ratio was 0.20. The lowest was 0.03. And the median was 0.13.

BOM:519091's Cash-to-Debt is ranked worse than
76.41% of 1844 companies
in the Consumer Packaged Goods industry
Industry Median: 0.515 vs BOM:519091: 0.13

Tasty Bite Eatables Cash-to-Debt Historical Data

The historical data trend for Tasty Bite Eatables'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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Tasty Bite Eatables Cash-to-Debt Chart

Tasty Bite Eatables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.11

0.20

0.03

0.10

0.13

Tasty Bite Eatables Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.10	N/A	N/A	0.13

Competitive Comparison of Tasty Bite Eatables's Cash-to-Debt

For the Packaged Foods subindustry, Tasty Bite Eatables'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.

Tasty Bite Eatables's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tasty Bite Eatables's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tasty Bite Eatables's Cash-to-Debt falls into.

Tasty Bite Eatables 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.

Tasty Bite Eatables'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)
	=	115.96	/	(146.26	+	718.18)
	=	0.13

Tasty Bite Eatables'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)
	=	115.96	/	(146.26	+	718.18)
	=	0.13

Tasty Bite Eatables (BOM:519091) 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.

Tasty Bite Eatables Cash-to-Debt Related Terms

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

Tasty Bite Eatables (BOM:519091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tasty Bite Eatables Ltd (BOM:519091) » Definitions » Cash-to-Debt

Traded in Other Exchanges

TASTYBITE:India

Address

201-202, Mayfair Towers, Wakdewadi, Shivajinagar, Pune, MH, IND, 411 005

Website

https://www.tastybite.co.in

Tasty Bite Eatables Ltd is engaged in the manufacturing and selling of packaged foods. The company's product line includes organic channa masala, jodhpur dal, brown rice, basmati rice, coconut rice, and others. Geographically, it operates in India and the Rest of the world. The Company recognizes its sale of Prepared Foods activity as its only primary business segment. Geographically majority of the revenue comes from rest of the world region.

Tasty Bite Eatables (BOM:519091) Headlines

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