Garment Mantra Lifestlye (BOM:539216) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Garment Mantra Lifestlye 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. Garment Mantra Lifestlye's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Garment Mantra Lifestlye couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Garment Mantra Lifestlye's Cash-to-Debt or its related term are showing as below:

BOM:539216' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.09
Current: 0.02

During the past 9 years, Garment Mantra Lifestlye's highest Cash to Debt Ratio was 0.09. The lowest was 0.00. And the median was 0.02.

BOM:539216's Cash-to-Debt is ranked worse than
91.72% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs BOM:539216: 0.02

Garment Mantra Lifestlye Cash-to-Debt Historical Data

The historical data trend for Garment Mantra Lifestlye'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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Garment Mantra Lifestlye Cash-to-Debt Chart

Garment Mantra Lifestlye Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.01

0.02

0.04

0.06

0.01

Garment Mantra Lifestlye Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.09	N/A	0.01	N/A	0.02

Competitive Comparison of Garment Mantra Lifestlye's Cash-to-Debt

For the Apparel Manufacturing subindustry, Garment Mantra Lifestlye'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.

Garment Mantra Lifestlye's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garment Mantra Lifestlye's Cash-to-Debt falls into.

Garment Mantra Lifestlye 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.

Garment Mantra Lifestlye'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)
	=	3.309	/	(360.52	+	48.828)
	=	0.01

Garment Mantra Lifestlye's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	6.427	/	(334.668	+	36.847)
	=	0.02

Garment Mantra Lifestlye (BOM:539216) 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.

Garment Mantra Lifestlye Cash-to-Debt Related Terms

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

Garment Mantra Lifestlye (BOM:539216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garment Mantra Lifestlye Ltd (BOM:539216) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karia Gounder Street, No. 15, Murthy’s Plaza, Khaderpet, Tirupur, TN, IND, 641601

Website

https://www.junctionfabrics.in

Garment Mantra Lifestlye Ltd is engaged in the business of garment manufacturing and selling of knitted fabric and garments. Geographically, it derives a majority of its revenue from the Domestic market. The products are manufactured for kids, men's, and women's wear. Some of its products are Polo T-Shirts, Round Neck T-Shirts, Sweatshirts, Nightwear, Leggings, Yoga wear, Girls Sleepwear, and others.

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