Inghams Group (ASX:ING) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is Inghams Group 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. Inghams Group'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, Inghams Group 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 Inghams Group's Cash-to-Debt or its related term are showing as below:

ASX:ING' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: No Debt
Current: 0.05

During the past 7 years, Inghams Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.08.

ASX:ING's Cash-to-Debt is ranked worse than
88.41% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs ASX:ING: 0.05

Inghams Group Cash-to-Debt Historical Data

The historical data trend for Inghams Group'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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Inghams Group Cash-to-Debt Chart

Inghams Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.34

0.07

0.09

0.07

0.08

Inghams Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.07	0.07	0.06	0.08	0.05

Competitive Comparison of Inghams Group's Cash-to-Debt

For the Farm Products subindustry, Inghams Group'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.

Inghams Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Inghams Group 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.

Inghams Group'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)
	=	136.3	/	(154.6	+	1612.7)
	=	0.08

Inghams Group'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)
	=	87.4	/	(162.9	+	1580.3)
	=	0.05

Inghams Group (ASX:ING) 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.

Inghams Group Cash-to-Debt Related Terms

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Inghams Group (ASX:ING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inghams Group Ltd (ASX:ING) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IH1:Germany

Address

1 Julius Avenue, Level 4, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.inghams.com.au

Inghams is the largest vertically integrated poultry producer in Australia and New Zealand. The firm enjoys a number-one position in Australia with approximately 40% market share and a number-two position in New Zealand with around 35% share. Inghams supplies poultry products, notably to major Australian supermarkets Woolworths and Coles, and quick-service restaurants McDonalds and KFC. Sales are heavily skewed toward poultry, which includes the production and sale of chicken and turkey products.