Navin Fluorine International (NSE:NAVINFLUOR) Cash-to-Debt : 0.39 (As of Mar. 2024)

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What is Navin Fluorine International 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. Navin Fluorine International's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.39.

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, Navin Fluorine International 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 Navin Fluorine International's Cash-to-Debt or its related term are showing as below:

NSE:NAVINFLUOR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 5.33 Max: 51.16
Current: 0.39

During the past 13 years, Navin Fluorine International's highest Cash to Debt Ratio was 51.16. The lowest was 0.06. And the median was 5.33.

NSE:NAVINFLUOR's Cash-to-Debt is ranked worse than
65.35% of 1550 companies
in the Chemicals industry
Industry Median: 0.72 vs NSE:NAVINFLUOR: 0.39

Navin Fluorine International Cash-to-Debt Historical Data

The historical data trend for Navin Fluorine International'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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Navin Fluorine International Cash-to-Debt Chart

Navin Fluorine International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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14.56

24.47

1.52

0.06

0.39

Navin Fluorine International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.06	0.38	N/A	0.39

Competitive Comparison of Navin Fluorine International's Cash-to-Debt

For the Chemicals subindustry, Navin Fluorine International'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.

Navin Fluorine International's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Navin Fluorine International's Cash-to-Debt falls into.

Navin Fluorine International 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.

Navin Fluorine International'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)
	=	5318.2	/	(3283	+	10401.6)
	=	0.39

Navin Fluorine International'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)
	=	5318.2	/	(3283	+	10401.6)
	=	0.39

Navin Fluorine International (NSE:NAVINFLUOR) 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.

Navin Fluorine International Cash-to-Debt Related Terms

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Navin Fluorine International (NSE:NAVINFLUOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Navin Fluorine International Ltd (NSE:NAVINFLUOR) » Definitions » Cash-to-Debt

Traded in Other Exchanges

532504:India

Address

194, Sir Mathuradas Vasanji Road, Near Western Express Highway, Office No. 602, 6th Floor, Natraj by Rustomjee, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.nfil.in

Navin Fluorine International Ltd is engaged in the chemicals business. Its business units include Refrigeration, Inorganic Fluorides, Specialty Fluorochemicals, and Contract Research and Manufacturing Services. The Company operates only in one Business Segment i.e. 'Chemical Business' which constitutes a single reporting segment. Geographically, the company generates a majority of its revenue from Outside India.

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