Hindprakash Industries�Ltd (NSE:HPIL) Cash-to-Debt : 0.11 (As of Sep. 2023)

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What is Hindprakash Industries�Ltd 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. Hindprakash Industries�Ltd's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.11.

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, Hindprakash Industries�Ltd couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Hindprakash Industries�Ltd's Cash-to-Debt or its related term are showing as below:

NSE:HPIL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.21
Current: 0.11

During the past 7 years, Hindprakash Industries�Ltd's highest Cash to Debt Ratio was 0.21. The lowest was 0.00. And the median was 0.01.

NSE:HPIL's Cash-to-Debt is ranked worse than
87.5% of 1512 companies
in the Chemicals industry
Industry Median: 0.74 vs NSE:HPIL: 0.11

Hindprakash Industries�Ltd Cash-to-Debt Historical Data

The historical data trend for Hindprakash Industries�Ltd'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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Hindprakash Industries�Ltd Cash-to-Debt Chart

Hindprakash Industries�Ltd Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.01

0.12

Hindprakash Industries�Ltd Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							0.02	0.01	0.01	0.12	0.11

Competitive Comparison of Hindprakash Industries�Ltd's Cash-to-Debt

For the Specialty Chemicals subindustry, Hindprakash Industries�Ltd'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.

Hindprakash Industries�Ltd's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hindprakash Industries�Ltd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hindprakash Industries�Ltd's Cash-to-Debt falls into.

Hindprakash Industries�Ltd 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.

Hindprakash Industries�Ltd'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)
	=	26.193	/	(188.316	+	25.733)
	=	0.12

Hindprakash Industries�Ltd'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)
	=	27.091	/	(228.983	+	20.908)
	=	0.11

Hindprakash Industries�Ltd (NSE:HPIL) 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.

Hindprakash Industries�Ltd Cash-to-Debt Related Terms

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Hindprakash Industries�Ltd (NSE:HPIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindprakash Industries�Ltd (NSE:HPIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

543645:India

Address

301 Hindprakash House Plot No. 10/6, Phase-I, GIDC, Vatva, Ahmedabad, GJ, IND, 382 445

Website

https://www.hindprakash.in

Hindprakash Industries Ltd is an Indian company engaged in manufacturing, dealing, and trading of dyes, intermediates, auxiliary, chemicals, and other merchandise. The company's products include Dyestuff, Dyes intermediates, Textile chemicals and aux, and Water treatments. It earns revenues from the manufacturing of dyes.