HCP Plastene Bulkpack (BOM:526717) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is HCP Plastene Bulkpack 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. HCP Plastene Bulkpack's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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, HCP Plastene Bulkpack couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:526717' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.03
Current: 0.01

During the past 13 years, HCP Plastene Bulkpack's highest Cash to Debt Ratio was 0.03. The lowest was 0.01. And the median was 0.01.

BOM:526717's Cash-to-Debt is ranked worse than
96.62% of 385 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs BOM:526717: 0.01

HCP Plastene Bulkpack Cash-to-Debt Historical Data

The historical data trend for HCP Plastene Bulkpack'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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HCP Plastene Bulkpack Cash-to-Debt Chart

HCP Plastene Bulkpack Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.03

0.01

HCP Plastene Bulkpack 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															0.01	N/A	-	N/A	0.01

Competitive Comparison of HCP Plastene Bulkpack's Cash-to-Debt

For the Packaging & Containers subindustry, HCP Plastene Bulkpack'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.

HCP Plastene Bulkpack's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, HCP Plastene Bulkpack's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HCP Plastene Bulkpack's Cash-to-Debt falls into.

HCP Plastene Bulkpack 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.

HCP Plastene Bulkpack'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)
	=	8.024	/	(1103.081	+	475.875)
	=	0.01

HCP Plastene Bulkpack'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)
	=	8.024	/	(1103.081	+	475.875)
	=	0.01

HCP Plastene Bulkpack (BOM:526717) 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.

HCP Plastene Bulkpack Cash-to-Debt Related Terms

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

HCP Plastene Bulkpack (BOM:526717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » HCP Plastene Bulkpack Ltd (BOM:526717) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

13, Nav Bharat society, H.B.Jirawala House, Usmanpura, Ahmedabad, GJ, IND, 380013

Website

http://www.gopalapolyplast.com

HCP Plastene Bulkpack Ltd, formerly Gopala Polyplast Ltd manufactures and sells woven sacks and labels primarily in India. The company provides high-density polyethylene woven bags & sacks and textile woven labels. The firm operates its business through two segments: Woven Sacks and Woven Label. The Woven Sacks segment which accounts for a majority of the firm's revenue offers package solutions to the manufacturing and cement industries. Its products include Bopp Laminated PP Woven Bags, Woven Fabric / Label / Laces, PP Woven Sacks, and AD*STAR bags which are used for cement packaging. Geographically all the activities function through the region of India.

HCP Plastene Bulkpack (BOM:526717) Headlines

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