Sirca Paints India (BOM:543686) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Sirca Paints 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. Sirca Paints India's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Sirca Paints India could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Sirca Paints India's Cash-to-Debt or its related term are showing as below:

BOM:543686' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.08 Med: 133.49 Max: No Debt
Current: 497.98

During the past 12 years, Sirca Paints India's highest Cash to Debt Ratio was No Debt. The lowest was 1.08. And the median was 133.49.

BOM:543686's Cash-to-Debt is ranked better than
94.25% of 1547 companies
in the Chemicals industry
Industry Median: 0.74 vs BOM:543686: 497.98

Sirca Paints India Cash-to-Debt Historical Data

The historical data trend for Sirca Paints 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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Sirca Paints India Cash-to-Debt Chart

Sirca Paints India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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605.04

5.98

No Debt

261.00

No Debt

Sirca Paints 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															261.00	N/A	410.57	N/A	No Debt

Competitive Comparison of Sirca Paints India's Cash-to-Debt

For the Specialty Chemicals subindustry, Sirca Paints 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.

Sirca Paints India's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Sirca Paints India's Cash-to-Debt falls into.

Sirca Paints 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.

Sirca Paints India's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Sirca Paints India had no debt ⁽¹⁾.

Sirca Paints India's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Sirca Paints India had no debt ⁽¹⁾.

Sirca Paints India (BOM:543686) 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.

Sirca Paints India Cash-to-Debt Related Terms

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

Sirca Paints India (BOM:543686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sirca Paints India Ltd (BOM:543686) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

SIRCA:India

Address

G-82, Kirti Nagar, New Delhi, IND, 110015

Website

https://www.sircapaints.com

Sirca Paints India Ltd is engaged in the marketing and distribution of paints and allied products. The company's products include PU Clear Finishes, PU Pigmented Finishes, Special effects, Glass Coatings, Metal Coatings, Water Borne Coating, Stains, Leafing, Wood Filler, and others. The company operates in only one reportable business segment viz. "Wood Coating Products" and a single geographical segment Geographically, it operates only in India.

Sirca Paints India (BOM:543686) Headlines

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Sirca Paints India (BOM:543686) Cash-to-Debt : No Debt (1) (As of Mar. 2024)