Omfurn India (NSE:OMFURN) Cash-to-Debt : 0.23 (As of Sep. 2023)

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What is Omfurn India 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. Omfurn India's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.23.

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, Omfurn India 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 Omfurn India's Cash-to-Debt or its related term are showing as below:

NSE:OMFURN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.25 Max: 0.62
Current: 0.23

During the past 11 years, Omfurn India's highest Cash to Debt Ratio was 0.62. The lowest was 0.00. And the median was 0.25.

NSE:OMFURN's Cash-to-Debt is ranked worse than
75.3% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs NSE:OMFURN: 0.23

Omfurn India Cash-to-Debt Historical Data

The historical data trend for Omfurn India'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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Omfurn India Cash-to-Debt Chart

Omfurn India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.08

0.18

0.40

0.37

0.26

Omfurn India Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial													0.38	0.37	N/A	0.26	0.23

Competitive Comparison of Omfurn India's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Omfurn India'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.

Omfurn India's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Omfurn India's Cash-to-Debt falls into.

Omfurn India 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.

Omfurn India'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)
	=	30.448	/	(73.22	+	44.65)
	=	0.26

Omfurn India'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)
	=	44.308	/	(174.746	+	14.295)
	=	0.23

Omfurn India (NSE:OMFURN) 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.

Omfurn India Cash-to-Debt Related Terms

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

Omfurn India (NSE:OMFURN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Omfurn India Ltd (NSE:OMFURN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Akurli Road, 109, Gundecha Industrial Complex, Kandivali (East), Mumbai, MH, IND, 400 101

Website

https://www.omfurnindia.com

Omfurn India Ltd is engaged in the business of manufacturing and supplying of furniture's like Executive office furniture, International school furniture, Modular office furniture, Bedroom Furniture, wooden door and frame and many more in terms of customized, system-based or Turnkey projects throughout India. The company's only operating segment being Manufacturing and supply of furniture items.

Omfurn India (NSE:OMFURN) Headlines

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