Pace E Commerce Ventures (BOM:543637) Cash-to-Debt : 1.98 (As of Mar. 2024)

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What is Pace E Commerce Ventures 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. Pace E Commerce Ventures's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.98.

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, Pace E Commerce Ventures 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 Pace E Commerce Ventures's Cash-to-Debt or its related term are showing as below:

BOM:543637' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 0.36
Current: 0.36

During the past 5 years, Pace E Commerce Ventures's highest Cash to Debt Ratio was 0.36. The lowest was 0.04. And the median was 0.15.

BOM:543637's Cash-to-Debt is ranked worse than
68.93% of 412 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.945 vs BOM:543637: 0.36

Pace E Commerce Ventures Cash-to-Debt Historical Data

The historical data trend for Pace E Commerce Ventures'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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Pace E Commerce Ventures Cash-to-Debt Chart

Pace E Commerce Ventures Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.10

0.15

0.04

0.19

1.98

Pace E Commerce Ventures Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.04	N/A	0.19	0.36	1.98

Competitive Comparison of Pace E Commerce Ventures's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Pace E Commerce Ventures'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.

Pace E Commerce Ventures's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Pace E Commerce Ventures's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Pace E Commerce Ventures's Cash-to-Debt falls into.

Pace E Commerce Ventures 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.

Pace E Commerce Ventures'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)
	=	89.443	/	(17.337	+	27.948)
	=	1.98

Pace E Commerce Ventures'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)
	=	89.443	/	(17.337	+	27.948)
	=	1.98

Pace E Commerce Ventures (BOM:543637) 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.

Pace E Commerce Ventures Cash-to-Debt Related Terms

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Pace E Commerce Ventures (BOM:543637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Pace E Commerce Ventures Ltd (BOM:543637) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shahibaug, Office no.423, 4th Floor, „C? Block, Sumel -11, Opposite Namaste Circle, Ahmedabad, GJ, IND, 380004

Website

https://www.cotandcandy.com

Pace E Commerce Ventures Ltd offers children's furniture, bedding, housewares and essentials. The company's product portfolio includes Beds and Cribs, Seating and Lounging, Storage and Organisers, Playroom Furniture, Bins and Baskets, Décor and Accessories, Kids Bedding, Baby Bedding, Baby and Kids Essentials, Dinning Essentials and Homeware, Sports Ride Ons and Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys.

Pace E Commerce Ventures (BOM:543637) Headlines

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