Ambika Cotton Mills (BOM:531978) Cash-to-Debt : 3.23 (As of Mar. 2024)

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What is Ambika Cotton 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. Ambika Cotton Mills's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.23.

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, Ambika Cotton Mills 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 Ambika Cotton Mills's Cash-to-Debt or its related term are showing as below:

BOM:531978' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.88 Max: No Debt
Current: 3.23

During the past 13 years, Ambika Cotton Mills's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.88.

BOM:531978's Cash-to-Debt is ranked better than
77.24% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs BOM:531978: 3.23

Ambika Cotton Mills Cash-to-Debt Historical Data

The historical data trend for Ambika Cotton 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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Ambika Cotton Mills Cash-to-Debt Chart

Ambika Cotton Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.10

23.22

No Debt

3.23

Ambika Cotton Mills 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															No Debt	N/A	No Debt	N/A	3.23

Competitive Comparison of Ambika Cotton Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Ambika Cotton 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.

Ambika Cotton Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Ambika Cotton 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.

Ambika Cotton Mills'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)
	=	2646.1	/	(819.8	+	0)
	=	3.23

Ambika Cotton Mills'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)
	=	2646.1	/	(819.8	+	0)
	=	3.23

Ambika Cotton Mills (BOM:531978) 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.

Ambika Cotton Mills Cash-to-Debt Related Terms

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

Ambika Cotton Mills (BOM:531978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ambika Cotton Mills Ltd (BOM:531978) » Definitions » Cash-to-Debt

Traded in Other Exchanges

AMBIKCO:India

Address

No. 9A, 15, Valluvar Street, Sivanandha Colony, Coimbatore, TN, IND, 641012

Website

http://www.acmills.in

Ambika Cotton Mills Ltd engages in the manufacture of cotton yarns for hosiery and weaving. The Textiles produces compact cotton; hard and soft twist; cylindrical dye cone; and s and z twist yarns. The Windmills generate power from windmills. Geographically, the company's business is spread across the world including Asia which accounts for the majority of its revenues.

Ambika Cotton Mills (BOM:531978) Headlines

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