Gini Silk Mills (BOM:531744) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Gini Silk Mills 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. Gini Silk Mills's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

The historical rank and industry rank for Gini Silk Mills's Cash-to-Debt or its related term are showing as below:

BOM:531744' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1.26 Max: 35.08
Current: 0.15

During the past 13 years, Gini Silk Mills's highest Cash to Debt Ratio was 35.08. The lowest was 0.12. And the median was 1.26.

BOM:531744's Cash-to-Debt is ranked worse than
71.89% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs BOM:531744: 0.15

Gini Silk Mills Cash-to-Debt Historical Data

The historical data trend for Gini Silk Mills'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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Gini Silk Mills Cash-to-Debt Chart

Gini Silk Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.92

2.21

2.89

0.26

0.16

Gini Silk Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.16	N/A	0.15	N/A

Competitive Comparison of Gini Silk Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Gini Silk Mills'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.

Gini Silk Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gini Silk Mills's Cash-to-Debt falls into.

Gini Silk Mills 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.

Gini Silk Mills's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	13.243	/	(68.762	+	16.083)
	=	0.16

Gini Silk Mills's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Gini Silk Mills (BOM:531744) 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.

Gini Silk Mills Cash-to-Debt Related Terms

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

Gini Silk Mills (BOM:531744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gini Silk Mills Ltd (BOM:531744) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

J. R. Boricha Marg, 413, Tantia Jogani Industrial Estate Premises, Opposite Kasturba Hospital, Sitaram Mill Compound, Lower Parel (East), Mumbai, MH, IND, 400011

Website

https://www.ginitex.com

Gini Silk Mills Ltd is engaged in the textile industry. It offers fabrics including cotton, linens, polyester viscose blends and cotton blends in plains, twills and dobby designs in different finishes. The company provides miniature boxes with combinations of pant and shirt pieces, safaris, and suit lengths for gifting purposes. The company generates the majority of its revenue from the sale of fabrics.

Gini Silk Mills (BOM:531744) Headlines

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