La Opala RG (BOM:526947) Cash-to-Debt : 51.41 (As of Mar. 2024)

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What is La Opala RG 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. La Opala RG's cash to debt ratio for the quarter that ended in Mar. 2024 was 51.41.

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, La Opala RG could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for La Opala RG's Cash-to-Debt or its related term are showing as below:

BOM:526947' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.52 Med: 49.51 Max: 1197.7
Current: 51.41

During the past 13 years, La Opala RG's highest Cash to Debt Ratio was 1197.70. The lowest was 11.52. And the median was 49.51.

BOM:526947's Cash-to-Debt is ranked better than
88.49% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs BOM:526947: 51.41

La Opala RG Cash-to-Debt Historical Data

The historical data trend for La Opala RG'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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La Opala RG Cash-to-Debt Chart

La Opala RG Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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47.62

187.70

24.12

32.78

51.41

La Opala RG 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															32.78	N/A	42.86	N/A	51.41

Competitive Comparison of La Opala RG's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, La Opala RG'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.

La Opala RG's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La Opala RG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where La Opala RG's Cash-to-Debt falls into.

La Opala RG 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.

La Opala RG'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)
	=	4773.037	/	(32.334	+	60.518)
	=	51.40

La Opala RG'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)
	=	4773.037	/	(32.334	+	60.518)
	=	51.40

La Opala RG (BOM:526947) 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.

La Opala RG Cash-to-Debt Related Terms

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La Opala RG (BOM:526947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » La Opala RG Ltd (BOM:526947) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LAOPALA:India

Address

EM-4, Sector - V, Premises No. 803 and 804, Eco Centre, 8th Floor, Kolkata, WB, IND, 700 091

Website

https://www.laopala.in

La Opala RG Ltd is a manufacturer and marketer of lifestyle product in the glassware segment. Geographically, it derives a majority of revenue from India. It generates maximum revenue from Glass and Glassware Product. The company brands include Laopala, Diva, and Solitaire. It deals with glass and glassware products such as plates, bowls, dinner sets, cup-saucer sets, coffee mugs, pudding and dessert sets, and crystalware products comprise of barware, vases, bowls, stemware, and others.

La Opala RG (BOM:526947) Headlines

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