Aether Industries (BOM:543534) Cash-to-Debt : 3.23 (As of Mar. 2024)

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What is Aether Industries 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. Aether Industries'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, Aether Industries 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 Aether Industries's Cash-to-Debt or its related term are showing as below:

BOM:543534' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 6.59
Current: 3.23

During the past 6 years, Aether Industries's highest Cash to Debt Ratio was 6.59. The lowest was 0.01. And the median was 0.13.

BOM:543534's Cash-to-Debt is ranked better than
73.09% of 1490 companies
in the Chemicals industry
Industry Median: 0.74 vs BOM:543534: 3.23

Aether Industries Cash-to-Debt Historical Data

The historical data trend for Aether Industries'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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Aether Industries Cash-to-Debt Chart

Aether Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.03

0.13

0.12

6.59

3.23

Aether Industries Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											6.59	N/A	12.56	N/A	3.23

Competitive Comparison of Aether Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Aether Industries'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.

Aether Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Aether Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aether Industries's Cash-to-Debt falls into.

Aether Industries 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.

Aether Industries'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)
	=	5908.72	/	(1710.64	+	119.37)
	=	3.23

Aether Industries'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)
	=	5908.72	/	(1710.64	+	119.37)
	=	3.23

Aether Industries (BOM:543534) 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.

Aether Industries Cash-to-Debt Related Terms

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

Aether Industries (BOM:543534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Aether Industries Ltd (BOM:543534) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AETHER:India

Address

Plot No. 8203, GIDC, Sachin, Surat, GJ, IND, 394230

Website

https://www.aether.co.in

Aether Industries Ltd is a manufacturer of specialty chemicals. The products find application in the pharmaceutical, agrochemical, material science, coating, high-performance photography, additive, and oil and gas segments of the chemical industry. There are three broad business models within the primary operating segment, which are: Large-Scale Manufacturing of Specialty Chemicals, Contract Manufacturing, and Contract Research and Manufacturing Services.

Aether Industries (BOM:543534) Headlines

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