Imperial Ginseng Products (Imperial Ginseng Products) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Imperial Ginseng Products 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. Imperial Ginseng Products's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Imperial Ginseng Products could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

IGPFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 2.69 Max: No Debt
Current: No Debt

During the past 13 years, Imperial Ginseng Products's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 2.69.

IGPFF's Cash-to-Debt is ranked better than
99.84% of 1849 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs IGPFF: No Debt

Imperial Ginseng Products Cash-to-Debt Historical Data

The historical data trend for Imperial Ginseng Products'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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Imperial Ginseng Products Cash-to-Debt Chart

Imperial Ginseng Products Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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2.04

0.73

58.53

690.75

No Debt

Imperial Ginseng Products 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Imperial Ginseng Products's Cash-to-Debt

For the Farm Products subindustry, Imperial Ginseng Products'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.

Imperial Ginseng Products's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Imperial Ginseng Products's Cash-to-Debt falls into.

Imperial Ginseng Products 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.

Imperial Ginseng Products's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Imperial Ginseng Products had no debt ⁽¹⁾.

Imperial Ginseng Products's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Imperial Ginseng Products had no debt ⁽¹⁾.

Imperial Ginseng Products (OTCPK:IGPFF) 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.

Imperial Ginseng Products Cash-to-Debt Related Terms

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

Imperial Ginseng Products (Imperial Ginseng Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Imperial Ginseng Products Ltd (OTCPK:IGPFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IGP:Canada

Address

1055 Dunsmuir Street, Suite 732, Vancouver, BC, CAN, V7X 1L2

Website

http://www.imperialginseng.com

Imperial Ginseng Products Ltd is a Canada-based cultivator of North American ginseng. Its core business is cultivating and processing ginseng in the province of Ontario and selling the dried ginseng to wholesalers in Asia and North America through distributors. The company owns a processing facility in Norwich, Ontario and its farm operations are spread over southern Ontario. The firm operates principally in one segment, which is cultivating and selling ginseng.

Imperial Ginseng Products (Imperial Ginseng Products) Headlines

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Imperial Ginseng Products (Imperial Ginseng Products) Cash-to-Debt : No Debt (1) (As of Dec. 2023)