Pidilite Industries (NSE:PIDILITIND) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Pidilite 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. Pidilite Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

NSE:PIDILITIND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 7.57 Max: 18.62
Current: 3.42

During the past 13 years, Pidilite Industries's highest Cash to Debt Ratio was 18.62. The lowest was 0.67. And the median was 7.57.

NSE:PIDILITIND's Cash-to-Debt is ranked better than
73.85% of 1549 companies
in the Chemicals industry
Industry Median: 0.72 vs NSE:PIDILITIND: 3.42

Pidilite Industries Cash-to-Debt Historical Data

The historical data trend for Pidilite 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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Pidilite Industries Cash-to-Debt Chart

Pidilite Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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11.86

4.93

1.89

1.26

2.19

Pidilite Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	2.19	N/A	3.42	N/A

Competitive Comparison of Pidilite Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Pidilite 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.

Pidilite Industries's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Pidilite 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.

Pidilite Industries'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)
	=	8550.2	/	(2149.8	+	1756.3)
	=	2.19

Pidilite Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Pidilite Industries (NSE:PIDILITIND) 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.

Pidilite Industries Cash-to-Debt Related Terms

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

Pidilite Industries (NSE:PIDILITIND) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

500331:India

Address

Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.pidilite.com

Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The consumer and bazaar products segment, which generates the majority of revenue, sells adhesives and sealants, construction paint chemicals, art and craft materials. The Business to Business segment sells industrial products such as industrial adhesives resins, and organic pigments and preparations. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of revenue comes from India.

Pidilite Industries (NSE:PIDILITIND) Headlines

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