Farm Pride Foods (ASX:FRM) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is Farm Pride Foods 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. Farm Pride Foods's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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, Farm Pride Foods couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:FRM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 24.21
Current: 0.05

During the past 13 years, Farm Pride Foods's highest Cash to Debt Ratio was 24.21. The lowest was 0.00. And the median was 0.06.

ASX:FRM's Cash-to-Debt is ranked worse than
88.12% of 1861 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs ASX:FRM: 0.05

Farm Pride Foods Cash-to-Debt Historical Data

The historical data trend for Farm Pride Foods'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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Farm Pride Foods Cash-to-Debt Chart

Farm Pride Foods Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.01

0.12

0.04

0.06

Farm Pride Foods Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.06	0.04	0.06	0.05

Competitive Comparison of Farm Pride Foods's Cash-to-Debt

For the Farm Products subindustry, Farm Pride Foods'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.

Farm Pride Foods's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Farm Pride Foods's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Farm Pride Foods's Cash-to-Debt falls into.

Farm Pride Foods 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.

Farm Pride Foods's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.987	/	(3.495	+	31.053)
	=	0.06

Farm Pride Foods's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	2.206	/	(21.891	+	19.196)
	=	0.05

Farm Pride Foods (ASX:FRM) 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.

Farm Pride Foods Cash-to-Debt Related Terms

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

Farm Pride Foods (ASX:FRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Farm Pride Foods Ltd (ASX:FRM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

551 Chandler Road, Keysborough, VIC, AUS, 3173

Website

https://www.farmpride.com.au

Farm Pride Foods Ltd is engaged in the production, processing, manufacturing, and sale of egg and egg products. It grades, packs, processes, supplies, and markets shell eggs and processed egg products within Australia, and exports to Asia. Egg varieties include freshly laid cage eggs, barn-laid eggs, and free-range egg varieties.

Farm Pride Foods (ASX:FRM) Headlines

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