Signet Industries (NSE:SIGIND) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Signet Industries 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. Signet Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

NSE:SIGIND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.27
Current: 0.09

During the past 13 years, Signet Industries's highest Cash to Debt Ratio was 0.27. The lowest was 0.00. And the median was 0.11.

NSE:SIGIND's Cash-to-Debt is ranked worse than
89.81% of 1550 companies
in the Chemicals industry
Industry Median: 0.72 vs NSE:SIGIND: 0.09

Signet Industries Cash-to-Debt Historical Data

The historical data trend for Signet Industries'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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Signet Industries Cash-to-Debt Chart

Signet Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.02

0.05

0.03

0.01

Signet Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.01	N/A	0.09	N/A

Competitive Comparison of Signet Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Signet Industries'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.

Signet Industries's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Signet Industries 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.

Signet Industries'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)
	=	17.908	/	(2441.609	+	484.885)
	=	0.01

Signet Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Signet Industries (NSE:SIGIND) 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.

Signet Industries Cash-to-Debt Related Terms

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

Signet Industries (NSE:SIGIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Signet Industries Ltd (NSE:SIGIND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

512131:India

Address

Lasudia Mori, Dewas Naka, Survey Number 314/3, SDA Compound, Indore, MP, IND, 452010

Website

https://www.groupsignet.com

Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household and plastic molded furniture's. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment comprises of manufacturing of irrigation and plastic products. Its Windmill includes the wind turbine power unit and the Trading segment involves the trading of Polymers and Plastic Granuals. It derives prime revenue from India.

Signet Industries (NSE:SIGIND) Headlines

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