British Polythene Industries (LSE:BPI) Cash-to-Debt : 0.02 (As of Dec. 2015)

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What is British Polythene 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. British Polythene Industries's cash to debt ratio for the quarter that ended in Dec. 2015 was 0.02.

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, British Polythene Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2015.

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

LSE:BPI's Cash-to-Debt is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 0.41
* Ranked among companies with meaningful Cash-to-Debt only.

British Polythene Industries Cash-to-Debt Historical Data

The historical data trend for British Polythene 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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British Polythene Industries Cash-to-Debt Chart

British Polythene Industries Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash-to-Debt

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0.01

0.03

0.02

British Polythene Industries Semi-Annual Data
	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.02	0.02	0.06	0.02

Competitive Comparison of British Polythene Industries's Cash-to-Debt

For the Packaging & Containers subindustry, British Polythene 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.

British Polythene Industries's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, British Polythene Industries's Cash-to-Debt distribution charts can be found below:

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

British Polythene 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.

British Polythene Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 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)
	=	0.5	/	(0	+	32.6)
	=	0.02

British Polythene Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2015 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)
	=	0.5	/	(0	+	32.6)
	=	0.02

British Polythene Industries (LSE:BPI) 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.

British Polythene Industries Cash-to-Debt Related Terms

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

British Polythene Industries (LSE:BPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » British Polythene Industries PLC (LSE:BPI) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.bpipoly.com

British Polythene Industries PLC was incorporated on March 16, 1910. It manufactures and supplies polythene films and related products for packaging for the protection of food and other goods. Its products are in use across different market sectors with a focus on agriculture, retail food chain, healthcare and waste services. The Company also engages in recycling of waste polythene film in Europe. The Company has three reportable segments: UK and Ireland, Mainland Europe and North America. UK & Ireland includes all of the UK manufacturing and merchanting activities along with the Irish sales operation which distributes predominately UK manufactured products.It also includes the manufacturing operations in China. Mainland Europe comprises the manufacturing and merchanting activities located in Belgium, the Netherlands and France. North America comprises the manufacturing business in Canada with sales throughout North America and Canada.

British Polythene Industries (LSE:BPI) Headlines

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