Toyo Knitex (CEPZ) (DHA:MITHUNKNIT) Cash-to-Debt : 0.05 (As of Jun. 2023)

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What is Toyo Knitex (CEPZ) 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. Toyo Knitex (CEPZ)'s cash to debt ratio for the quarter that ended in Jun. 2023 was 0.05.

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, Toyo Knitex (CEPZ) couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Toyo Knitex (CEPZ)'s Cash-to-Debt or its related term are showing as below:

DHA:MITHUNKNIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.05 Max: 0.54
Current: 0.05

During the past 7 years, Toyo Knitex (CEPZ)'s highest Cash to Debt Ratio was 0.54. The lowest was 0.05. And the median was 0.05.

DHA:MITHUNKNIT's Cash-to-Debt is ranked worse than
84.81% of 1027 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs DHA:MITHUNKNIT: 0.05

Toyo Knitex (CEPZ) Cash-to-Debt Historical Data

The historical data trend for Toyo Knitex (CEPZ)'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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Toyo Knitex (CEPZ) Cash-to-Debt Chart

Toyo Knitex (CEPZ) Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.05

Toyo Knitex (CEPZ) Semi-Annual Data
	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			0.05	0.05	0.05	0.05	0.05

Competitive Comparison of Toyo Knitex (CEPZ)'s Cash-to-Debt

For the Textile Manufacturing subindustry, Toyo Knitex (CEPZ)'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.

Toyo Knitex (CEPZ)'s Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toyo Knitex (CEPZ)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Toyo Knitex (CEPZ)'s Cash-to-Debt falls into.

Toyo Knitex (CEPZ) 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.

Toyo Knitex (CEPZ)'s Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	2.059	/	(45.594	+	0)
	=	0.05

Toyo Knitex (CEPZ)'s Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	2.059	/	(45.594	+	0)
	=	0.05

Toyo Knitex (CEPZ) (DHA:MITHUNKNIT) 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.

Toyo Knitex (CEPZ) Cash-to-Debt Related Terms

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

Toyo Knitex (CEPZ) (DHA:MITHUNKNIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toyo Knitex (CEPZ) Ltd (DHA:MITHUNKNIT) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

House No. 50, Road 7, Gulshan Avenue, South Avenue Tower, 6thFloor, Dhaka, BGD, 1212

Website

http://www.mkdl-cepz.com.bd

Toyo Knitex (CEPZ) Ltd formerly known as Mithun Knitting and Dying (CEPZ) Limited. The principal activity of the company is to carry on Knitting Dying & knit garments manufacturing. The company is hundred percent export oriented garments factory. It is a manufactures and exportes single jersey, interlock, rib, french terry, collar and cuff, rib with lycra, and knit garments of all sorts in Bangladesh.

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