AKM Creations (BOM:540718) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is AKM Creations 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. AKM Creations'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, AKM Creations 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 AKM Creations's Cash-to-Debt or its related term are showing as below:

BOM:540718' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, AKM Creations's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was No Debt.

BOM:540718's Cash-to-Debt is ranked better than
99.9% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs BOM:540718: No Debt

AKM Creations Cash-to-Debt Historical Data

The historical data trend for AKM Creations'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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AKM Creations Cash-to-Debt Chart

AKM Creations Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.31

No Debt

AKM Creations Semi-Annual Data
	Mar13	Mar14	Mar15	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 AKM Creations's Cash-to-Debt

For the Textile Manufacturing subindustry, AKM Creations'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.

AKM Creations's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, AKM Creations's Cash-to-Debt distribution charts can be found below:

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

AKM Creations 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.

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

AKM Creations had no debt ⁽¹⁾.

AKM Creations's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

AKM Creations had no debt ⁽¹⁾.

AKM Creations (BOM:540718) 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.

AKM Creations Cash-to-Debt Related Terms

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

AKM Creations (BOM:540718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AKM Creations Ltd (BOM:540718) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Bhole Nath Nagar, C-110, Ground Floor, Shahdhara, East Delhi, New Delhi, IND, 110032

Website

http://www.akmlace.com

AKM Creations Ltd formerly, AKM Lace & Embrotex Ltd is a manufacturer and dealer in all types of embrotex goods, laces, fabrics, clothing, and wearing apparel for personal, commercial, and industrial use. It also supplies customized lace and embroidered work items. The company offers services such as Mirror lace, Needle cut work laces, Zari border, Stitching lace, Jhalar lace, and Crochet lace, among others.

AKM Creations (BOM:540718) Headlines

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AKM Creations (BOM:540718) Cash-to-Debt : No Debt (1) (As of Sep. 2023)