Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Cash-to-Debt : 0.03 (As of Sep. 2023)

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What is Apeejay Surrendra Park Hotels 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. Apeejay Surrendra Park Hotels's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Apeejay Surrendra Park Hotels couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Apeejay Surrendra Park Hotels's Cash-to-Debt or its related term are showing as below:

NSE:PARKHOTELS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.03

During the past 3 years, Apeejay Surrendra Park Hotels's highest Cash to Debt Ratio was 0.03. The lowest was 0.01. And the median was 0.02.

NSE:PARKHOTELS's Cash-to-Debt is ranked worse than
93.92% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs NSE:PARKHOTELS: 0.03

Apeejay Surrendra Park Hotels Cash-to-Debt Historical Data

The historical data trend for Apeejay Surrendra Park Hotels'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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Apeejay Surrendra Park Hotels Cash-to-Debt Chart

Apeejay Surrendra Park Hotels Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.02

0.01

0.03

Apeejay Surrendra Park Hotels Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	0.02	0.01	N/A	0.03	0.03

Competitive Comparison of Apeejay Surrendra Park Hotels's Cash-to-Debt

For the Lodging subindustry, Apeejay Surrendra Park Hotels'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.

Apeejay Surrendra Park Hotels's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Apeejay Surrendra Park Hotels's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Apeejay Surrendra Park Hotels's Cash-to-Debt falls into.

Apeejay Surrendra Park Hotels 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.

Apeejay Surrendra Park Hotels's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	172.2	/	(729.8	+	5444.5)
	=	0.03

Apeejay Surrendra Park Hotels's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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)
	=	188.17	/	(1234.55	+	5216.65)
	=	0.03

Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) 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.

Apeejay Surrendra Park Hotels Cash-to-Debt Related Terms

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Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Apeejay Surrendra Park Hotels Ltd (NSE:PARKHOTELS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

544111:India

Address

N80, Connaught Place, New Delhi, IND, 110001

Website

https://www.theparkhotels.com

Apeejay Surrendra Park Hotels Ltd is engaged in hotel business. It operate hotels under following four brands, namely "THE PARK, "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and have recently launched economy motel brand, "Stop by Zone".

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