D K Enterprises Global (NSE:DKEGL) Cash-to-Debt : 1.02 (As of Sep. 2023)

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What is D K Enterprises Global 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. D K Enterprises Global's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.02.

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, D K Enterprises Global could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for D K Enterprises Global's Cash-to-Debt or its related term are showing as below:

NSE:DKEGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.88 Max: 1.11
Current: 1.02

During the past 4 years, D K Enterprises Global's highest Cash to Debt Ratio was 1.11. The lowest was 0.05. And the median was 0.88.

NSE:DKEGL's Cash-to-Debt is ranked better than
65.53% of 380 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs NSE:DKEGL: 1.02

D K Enterprises Global Cash-to-Debt Historical Data

The historical data trend for D K Enterprises Global'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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D K Enterprises Global Cash-to-Debt Chart

D K Enterprises Global Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.05

0.19

0.93

1.11

D K Enterprises Global Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.93	0.82	1.11	1.02

Competitive Comparison of D K Enterprises Global's Cash-to-Debt

For the Packaging & Containers subindustry, D K Enterprises Global'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.

D K Enterprises Global's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, D K Enterprises Global's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where D K Enterprises Global's Cash-to-Debt falls into.

D K Enterprises Global 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.

D K Enterprises Global's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	99.348	/	(45.475	+	43.96)
	=	1.11

D K Enterprises Global's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	105.816	/	(60.051	+	43.625)
	=	1.02

D K Enterprises Global (NSE:DKEGL) 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.

D K Enterprises Global Cash-to-Debt Related Terms

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D K Enterprises Global (NSE:DKEGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » D K Enterprises Global Ltd (NSE:DKEGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number - 235, Industrial Area Phase-2, Panchkula, HR, IND, 134109

Website

https://www.dkenterprises.co.in

D K Enterprises Global Ltd manufactures paper-based packaging materials, self-adhesive tapes, and laminated products. The company operates in the business segment of BOPP Tape & laminates and Corrugated boxes & sleeve rolls. The company generates revenue from the BOPP tape and Laminates segment.

D K Enterprises Global (NSE:DKEGL) Headlines

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