Kajaria Ceramics (BOM:500233) Cash-to-Debt : 2.17 (As of Mar. 2024)

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What is Kajaria Ceramics 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. Kajaria Ceramics's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.17.

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, Kajaria Ceramics could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:500233' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.98 Max: 3.11
Current: 2.17

During the past 13 years, Kajaria Ceramics's highest Cash to Debt Ratio was 3.11. The lowest was 0.04. And the median was 0.98.

BOM:500233's Cash-to-Debt is ranked better than
71.08% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs BOM:500233: 2.17

Kajaria Ceramics Cash-to-Debt Historical Data

The historical data trend for Kajaria Ceramics'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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Kajaria Ceramics Cash-to-Debt Chart

Kajaria Ceramics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.30

3.11

1.39

0.66

2.17

Kajaria Ceramics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.66	N/A	3.09	N/A	2.17

Competitive Comparison of Kajaria Ceramics's Cash-to-Debt

For the Building Products & Equipment subindustry, Kajaria Ceramics'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.

Kajaria Ceramics's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kajaria Ceramics's Cash-to-Debt distribution charts can be found below:

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

Kajaria Ceramics 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.

Kajaria Ceramics's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	5176.5	/	(1263.6	+	1125.8)
	=	2.17

Kajaria Ceramics's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	5176.5	/	(1263.6	+	1125.8)
	=	2.17

Kajaria Ceramics (BOM:500233) 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.

Kajaria Ceramics Cash-to-Debt Related Terms

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Kajaria Ceramics (BOM:500233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kajaria Ceramics Ltd (BOM:500233) » Definitions » Cash-to-Debt

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KAJARIACER:India

Address

Mathura Road, J-1/B-1 (Extn), Mohan Co-operative Industrial Estate, Opposite Badarpur Thermal Power Station, New Delhi, IND, 110044

Website

https://www.kajariaceramics.com

Kajaria Ceramics Ltd is a manufacturer of indoor floor and wand tiles. The product range includes ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware and faucets, and tile adhesives and grout. Kajaria Ceramics' tiles and tile-related products are marketed through a distribution network of dealers and sub-dealers. The company operates in India, with production and the majority of sales focused in India.

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