Global Pet Industries (NSE:GLOBALPET) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2022)

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What is Global Pet Industries 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. Global Pet Industries's cash to debt ratio for the quarter that ended in Mar. 2022 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, Global Pet Industries could pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

(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 Global Pet Industries's Cash-to-Debt or its related term are showing as below:

NSE:GLOBALPET's Cash-to-Debt is not ranked ^*
in the Industrial Products industry.
Industry Median: 1.23
* Ranked among companies with meaningful Cash-to-Debt only.

Global Pet Industries Cash-to-Debt Historical Data

The historical data trend for Global Pet Industries'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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Global Pet Industries Cash-to-Debt Chart

Global Pet Industries Annual Data

Trend

Mar20

Mar21

Mar22

Cash-to-Debt

18.15

No Debt

Global Pet Industries Semi-Annual Data
	Mar20	Mar21	Mar22
Cash-to-Debt	18.15	No Debt	No Debt

Competitive Comparison of Global Pet Industries's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Global Pet Industries'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.

Global Pet Industries's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Global Pet Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Global Pet Industries's Cash-to-Debt falls into.

Global Pet Industries 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.

Global Pet Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 is calculated as:

Global Pet Industries had no debt ⁽¹⁾.

Global Pet Industries's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:

Global Pet Industries had no debt ⁽¹⁾.

Global Pet Industries (NSE:GLOBALPET) 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.

Global Pet Industries Cash-to-Debt Related Terms

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

Global Pet Industries (NSE:GLOBALPET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Pet Industries Ltd (NSE:GLOBALPET) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit Nos. 8 to 15, 108 & 109, Karishma Industrial Estate, Survey No. 36, Hissa No. 5, Village Waliv, Dhumal Nagar, Near Rashmi Bungalow, Vasai East, Palghar, Vasai, MH, IND, 401208

Website

https://www.globalpetind.com

Global Pet Industries Ltd is engaged in manufacturing of PET Stretch Blow Moulding Machine which is used for manufacturing of machine which is suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc. Apart from manufacturing of PET Stretch Blow Moulding Machine, the company also provides after-sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery.

Global Pet Industries (NSE:GLOBALPET) Headlines

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Global Pet Industries (NSE:GLOBALPET) Cash-to-Debt : No Debt (1) (As of Mar. 2022)