Premco Global (BOM:530331) Cash-to-Debt : 5.52 (As of Mar. 2024)

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What is Premco Global 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. Premco Global's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.52.

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

BOM:530331' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.82 Max: 5.52
Current: 5.52

During the past 13 years, Premco Global's highest Cash to Debt Ratio was 5.52. The lowest was 0.11. And the median was 0.82.

BOM:530331's Cash-to-Debt is ranked better than
82.54% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs BOM:530331: 5.52

Premco Global Cash-to-Debt Historical Data

The historical data trend for Premco Global'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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Premco Global Cash-to-Debt Chart

Premco Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.92

1.13

3.12

2.47

5.52

Premco Global 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															2.47	N/A	4.67	N/A	5.52

Competitive Comparison of Premco Global's Cash-to-Debt

For the Textile Manufacturing subindustry, Premco Global'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.

Premco Global's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Premco Global 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.

Premco Global'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)
	=	346.514	/	(23.632	+	39.134)
	=	5.52

Premco Global'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)
	=	346.514	/	(23.632	+	39.134)
	=	5.52

Premco Global (BOM:530331) 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.

Premco Global Cash-to-Debt Related Terms

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Premco Global (BOM:530331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Premco Global Ltd (BOM:530331) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

95 Ganpatrao Kadam marg, Urmi Estate, Tower-A, 11th floor, Lower Parel (West), Mumbai, IND, 400013

Website

http://www.premcoglobal.com

Premco Global Ltd is a company that is engaged in manufacturing woven and knitted elastic tapes, and other activities. Its product portfolio includes Name tapes and plain tapes; Buttonholes, rigid tapes and medical tapes and Panty and shoulder elastics. Geographically, it derives a majority of revenue from India.

Premco Global (BOM:530331) Headlines

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