Gulf Oil Lubricants India (BOM:538567) Cash-to-Debt : 2.08 (As of Mar. 2024)

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What is Gulf Oil Lubricants India 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. Gulf Oil Lubricants India's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.08.

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, Gulf Oil Lubricants India 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 Gulf Oil Lubricants India's Cash-to-Debt or its related term are showing as below:

BOM:538567' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: 1.43 Max: 2.33
Current: 2.08

During the past 11 years, Gulf Oil Lubricants India's highest Cash to Debt Ratio was 2.33. The lowest was 0.71. And the median was 1.43.

BOM:538567's Cash-to-Debt is ranked better than
67.79% of 1549 companies
in the Chemicals industry
Industry Median: 0.74 vs BOM:538567: 2.08

Gulf Oil Lubricants India Cash-to-Debt Historical Data

The historical data trend for Gulf Oil Lubricants India'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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Gulf Oil Lubricants India Cash-to-Debt Chart

Gulf Oil Lubricants India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.46

2.33

1.41

1.74

2.08

Gulf Oil Lubricants India 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															1.74	N/A	1.75	N/A	2.08

Competitive Comparison of Gulf Oil Lubricants India's Cash-to-Debt

For the Specialty Chemicals subindustry, Gulf Oil Lubricants India'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.

Gulf Oil Lubricants India's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gulf Oil Lubricants India's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gulf Oil Lubricants India's Cash-to-Debt falls into.

Gulf Oil Lubricants India 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.

Gulf Oil Lubricants India'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)
	=	7592.889	/	(3496.612	+	155.851)
	=	2.08

Gulf Oil Lubricants India'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)
	=	7592.889	/	(3496.612	+	155.851)
	=	2.08

Gulf Oil Lubricants India (BOM:538567) 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.

Gulf Oil Lubricants India Cash-to-Debt Related Terms

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Gulf Oil Lubricants India (BOM:538567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gulf Oil Lubricants India Ltd (BOM:538567) » Definitions » Cash-to-Debt

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GULFOILLUB:India

Address

IN Centre, 49/50, 12th Road, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.gulfoilindia.com

Gulf Oil Lubricants India Ltd manufactures, markets, and trades lubricants and greases used in the automotive and industrial industries. The company is a subsidiary of the Hinduja Group, which owns businesses in a variety of sectors in multiple continents. The company provides products for all types of commercial vehicles to individual and institutional customers across the automotive, agricultural, industrial, construction, and marine divisions. The company exports some of its products, however, a large majority of revenue is derived from sales inside India.

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