Laxmi Goldorna House (NSE:LGHL) Cash-to-Debt : 0.08 (As of Mar. 2023)

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What is Laxmi Goldorna House 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. Laxmi Goldorna House's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.08.

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, Laxmi Goldorna House 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 Laxmi Goldorna House's Cash-to-Debt or its related term are showing as below:

NSE:LGHL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.12
Current: 0.08

During the past 7 years, Laxmi Goldorna House's highest Cash to Debt Ratio was 0.12. The lowest was 0.01. And the median was 0.03.

NSE:LGHL's Cash-to-Debt is ranked worse than
85.9% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs NSE:LGHL: 0.08

Laxmi Goldorna House Cash-to-Debt Historical Data

The historical data trend for Laxmi Goldorna House'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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Laxmi Goldorna House Cash-to-Debt Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.03

0.07

0.08

Laxmi Goldorna House Semi-Annual Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial			0.01	0.01	0.03	0.07	0.08

Competitive Comparison of Laxmi Goldorna House's Cash-to-Debt

For the Luxury Goods subindustry, Laxmi Goldorna House'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.

Laxmi Goldorna House's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Laxmi Goldorna House's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Laxmi Goldorna House's Cash-to-Debt falls into.

Laxmi Goldorna House 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.

Laxmi Goldorna House'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)
	=	26.245	/	(272.883	+	44.411)
	=	0.08

Laxmi Goldorna House'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)
	=	26.245	/	(272.883	+	44.411)
	=	0.08

Laxmi Goldorna House (NSE:LGHL) 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.

Laxmi Goldorna House Cash-to-Debt Related Terms

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Laxmi Goldorna House (NSE:LGHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.