Hindware Home Innovation (BOM:542905) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Hindware Home Innovation 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. Hindware Home Innovation's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, Hindware Home Innovation couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Hindware Home Innovation's Cash-to-Debt or its related term are showing as below:

BOM:542905' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 1.82
Current: 0.04

During the past 7 years, Hindware Home Innovation's highest Cash to Debt Ratio was 1.82. The lowest was 0.01. And the median was 0.07.

BOM:542905's Cash-to-Debt is ranked worse than
94% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs BOM:542905: 0.04

Hindware Home Innovation Cash-to-Debt Historical Data

The historical data trend for Hindware Home Innovation'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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Hindware Home Innovation Cash-to-Debt Chart

Hindware Home Innovation Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

0.14

0.01

0.04

Hindware Home Innovation 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															0.01	N/A	0.02	N/A	0.04

Competitive Comparison of Hindware Home Innovation's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Hindware Home Innovation'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.

Hindware Home Innovation's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hindware Home Innovation's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hindware Home Innovation's Cash-to-Debt falls into.

Hindware Home Innovation 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.

Hindware Home Innovation'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)
	=	424.7	/	(5265.9	+	5196.1)
	=	0.04

Hindware Home Innovation'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)
	=	424.7	/	(5265.9	+	5196.1)
	=	0.04

Hindware Home Innovation (BOM:542905) 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.

Hindware Home Innovation Cash-to-Debt Related Terms

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Hindware Home Innovation (BOM:542905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hindware Home Innovation Ltd (BOM:542905) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HINDWAREAP:India

Address

Plot No. 68, Echelon Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.shilgroup.com

Hindware Home Innovation Ltd is engaged in manufacturing, selling and trading of building products, glass products, consumer products, plastic products, and retail business. Its product portfolio includes Kitchen Ensemble, Water heaters, Air coolers, Water purifiers, Air purifiers, and Window vents, among other products. Some of its brands are Hindware, Moonbow and Evok. The segments of the company include Building Products, Consumer appliances, and Retail business. The group operates in India. The company generates the majority of its revenue from Building products segment.

Hindware Home Innovation (BOM:542905) Headlines

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