Avro India (NSE:AVROIND) Cash-to-Debt : 0.16 (As of Mar. 2024)

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What is Avro 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. Avro India's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.16.

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, Avro India 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 Avro India's Cash-to-Debt or its related term are showing as below:

NSE:AVROIND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.36
Current: 0.16

During the past 12 years, Avro India's highest Cash to Debt Ratio was 0.36. The lowest was 0.01. And the median was 0.14.

NSE:AVROIND's Cash-to-Debt is ranked worse than
81.53% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs NSE:AVROIND: 0.16

Avro India Cash-to-Debt Historical Data

The historical data trend for Avro 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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Avro India Cash-to-Debt Chart

Avro India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.27

0.36

0.12

0.20

0.16

Avro India Quarterly Data
	Mar17	Jan18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.20	N/A	0.21	N/A	0.16

Competitive Comparison of Avro India's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Avro 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.

Avro India's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

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

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

Avro 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.

Avro India'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)
	=	25.605	/	(111.722	+	44.505)
	=	0.16

Avro India'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)
	=	25.605	/	(111.722	+	44.505)
	=	0.16

Avro India (NSE:AVROIND) 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.

Avro India Cash-to-Debt Related Terms

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

Avro India (NSE:AVROIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Avro India Ltd (NSE:AVROIND) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

543512:India

Address

South of G. T. Road, A-7/36-39, Industrial Area, Electrosteel Casting Compound, Ghaziabad, UP, IND, 201009

Website

https://www.avrofurniture.com

Avro India Ltd is engaged in manufacturing and selling plastic molded furniture and granules. The firm produces are manufactures products under the brand name Avon and Avro Furniture. The product portfolio of the company includes molded chairs, molded stools, molded tables, and molded bay chairs and baby desks. The products are sold in U.P., Punjab, Haryana, Delhi, Rajasthan and across north India. Avro produces products used in Auditoriums, Schools, Colleges, Restaurants, Hotels, Homes, Gardens and others.

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