Siddhika Coatings (NSE:SIDDHIKA) Cash-to-Debt : 35.91 (As of Mar. 2022)

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What is Siddhika Coatings 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. Siddhika Coatings's cash to debt ratio for the quarter that ended in Mar. 2022 was 35.91.

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

NSE:SIDDHIKA's Cash-to-Debt is not ranked ^*
in the Chemicals industry.
Industry Median: 0.74
* Ranked among companies with meaningful Cash-to-Debt only.

Siddhika Coatings Cash-to-Debt Historical Data

The historical data trend for Siddhika Coatings'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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Siddhika Coatings Cash-to-Debt Chart

Siddhika Coatings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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10.02

12.65

15.34

35.91

No Debt

Siddhika Coatings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial			3.88	15.34	34.65	35.91	No Debt

Competitive Comparison of Siddhika Coatings's Cash-to-Debt

For the Specialty Chemicals subindustry, Siddhika Coatings'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.

Siddhika Coatings's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Siddhika Coatings 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.

Siddhika Coatings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Siddhika Coatings had no debt ⁽¹⁾.

Siddhika Coatings's Cash to Debt Ratio for the quarter that ended in Mar. 2022 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)
	=	101.449	/	(0	+	2.825)
	=	35.91

Siddhika Coatings (NSE:SIDDHIKA) 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.

Siddhika Coatings Cash-to-Debt Related Terms

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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019

Website

https://www.siddhika.com

Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

Siddhika Coatings (NSE:SIDDHIKA) Headlines

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