Essen Speciality Films (NSE:ESFL) Cash-to-Debt : 0.81 (As of Mar. 2023)

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What is Essen Speciality Films 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. Essen Speciality Films's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.81.

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, Essen Speciality Films couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Essen Speciality Films's Cash-to-Debt or its related term are showing as below:

NSE:ESFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.61 Max: 0.81
Current: 0.81

During the past 4 years, Essen Speciality Films's highest Cash to Debt Ratio was 0.81. The lowest was 0.16. And the median was 0.61.

NSE:ESFL's Cash-to-Debt is ranked worse than
54.68% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs NSE:ESFL: 0.81

Essen Speciality Films Cash-to-Debt Historical Data

The historical data trend for Essen Speciality Films'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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Essen Speciality Films Cash-to-Debt Chart

Essen Speciality Films Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.54

0.69

0.16

0.81

Essen Speciality Films Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	0.54	0.69	0.16	0.81

Competitive Comparison of Essen Speciality Films's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Essen Speciality Films'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.

Essen Speciality Films's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Essen Speciality Films's Cash-to-Debt falls into.

Essen Speciality Films 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.

Essen Speciality Films'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)
	=	53.525	/	(33.298	+	32.442)
	=	0.81

Essen Speciality Films's Cash to Debt Ratio for the quarter 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)
	=	53.525	/	(33.298	+	32.442)
	=	0.81

Essen Speciality Films (NSE:ESFL) 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.

Essen Speciality Films Cash-to-Debt Related Terms

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Essen Speciality Films (NSE:ESFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Essen Speciality Films Ltd (NSE:ESFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No. 192, Shapar, Industrial Area, Plot No. A, Veraval, Rajkot, GJ, IND, 360002

Website

https://www.essenspeciality.com

Essen Speciality Films Ltd is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry, to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, etc. The product mix of the company makes it a one-of-a-kind manufacturer in the world with ranges in the bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, and outdoor & utility products all under one roof.

Essen Speciality Films (NSE:ESFL) Headlines

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