Party Cruisers (NSE:PARTYCRUS) Cash-to-Debt : 1.71 (As of Sep. 2023)

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What is Party Cruisers 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. Party Cruisers's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.71.

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, Party Cruisers could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NSE:PARTYCRUS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.97 Med: 3.83 Max: 15.89
Current: 1.71

During the past 6 years, Party Cruisers's highest Cash to Debt Ratio was 15.89. The lowest was 0.97. And the median was 3.83.

NSE:PARTYCRUS's Cash-to-Debt is ranked better than
59.26% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs NSE:PARTYCRUS: 1.71

Party Cruisers Cash-to-Debt Historical Data

The historical data trend for Party Cruisers'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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Party Cruisers Cash-to-Debt Chart

Party Cruisers Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

7.53

0.97

6.21

15.00

2.09

Party Cruisers Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					15.89	15.00	4.94	2.09	1.71

Competitive Comparison of Party Cruisers's Cash-to-Debt

For the Specialty Business Services subindustry, Party Cruisers'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.

Party Cruisers's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Party Cruisers's Cash-to-Debt distribution charts can be found below:

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

Party Cruisers 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.

Party Cruisers'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)
	=	25.849	/	(9.145	+	3.238)
	=	2.09

Party Cruisers'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)
	=	5.014	/	(0.302	+	2.634)
	=	1.71

Party Cruisers (NSE:PARTYCRUS) 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.

Party Cruisers Cash-to-Debt Related Terms

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

Party Cruisers (NSE:PARTYCRUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Party Cruisers Ltd (NSE:PARTYCRUS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

303/304/305 Simran Plaza, Khar 4th Road, Near Hotel Regal Enclave, Khar (West), Mumbai, MH, IND, 400 052

Website

https://www.partycruisersindia.com

Party Cruisers Ltd specializes in Wedding Management and Events Management Business. The Wedding management services range from pre-wedding, during the wedding and post-wedding events like in-house designing, designation wedding event decor and others; The Event services range from planning and marketing to production and decor and others.

Party Cruisers (NSE:PARTYCRUS) Headlines

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