Growington Ventures India (BOM:539222) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Growington Ventures 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. Growington Ventures India's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Growington Ventures India could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 Growington Ventures India's Cash-to-Debt or its related term are showing as below:

BOM:539222' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 10 years, Growington Ventures India's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

BOM:539222's Cash-to-Debt is ranked better than
99.67% of 306 companies
in the Retail - Defensive industry
Industry Median: 0.455 vs BOM:539222: No Debt

Growington Ventures India Cash-to-Debt Historical Data

The historical data trend for Growington Ventures 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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Growington Ventures India Cash-to-Debt Chart

Growington Ventures India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

Growington Ventures India Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Growington Ventures India's Cash-to-Debt

For the Food Distribution subindustry, Growington Ventures 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.

Growington Ventures India's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Growington Ventures India's Cash-to-Debt distribution charts can be found below:

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

Growington Ventures 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.

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

Growington Ventures India had no debt ⁽¹⁾.

Growington Ventures India's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Growington Ventures India had no debt ⁽¹⁾.

Growington Ventures India (BOM:539222) 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.

Growington Ventures India Cash-to-Debt Related Terms

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

Growington Ventures India (BOM:539222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Growington Ventures India Ltd (BOM:539222) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shiv Chamber, 4th Floor, Plot No. 21, Sector – 11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

http://www.growington.in

Growington Ventures India Ltd operates in the exporting & importing of Premium Quality Fruits. The company is principally engaged in wide portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Cherries, Blueberries, Grape Fruit, Mango Stem, Ram Bhutan, Longan, Dates, Tamarind and so on.

Growington Ventures India (BOM:539222) Headlines

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Growington Ventures India (BOM:539222) Cash-to-Debt : No Debt (1) (As of Sep. 2023)