Good Natured Products (TSXV:GDNP) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is Good Natured 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. Good Natured Products's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, Good Natured Products 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 Good Natured Products's Cash-to-Debt or its related term are showing as below:

TSXV:GDNP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.23 Max: 0.73
Current: 0.12

During the past 10 years, Good Natured Products's highest Cash to Debt Ratio was 0.73. The lowest was 0.02. And the median was 0.23.

TSXV:GDNP's Cash-to-Debt is ranked worse than
76.52% of 379 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs TSXV:GDNP: 0.12

Good Natured Products Cash-to-Debt Historical Data

The historical data trend for Good Natured 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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Good Natured Products Cash-to-Debt Chart

Good Natured Products Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.61

0.23

0.20

0.12

Good Natured 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															0.20	0.19	0.23	0.19	0.12

Competitive Comparison of Good Natured Products's Cash-to-Debt

For the Packaging & Containers subindustry, Good Natured 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.

Good Natured Products's Cash-to-Debt Distribution in the Packaging & Containers Industry

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

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

Good Natured 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.

Good Natured Products's Cash to Debt Ratio for the fiscal year 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)
	=	7.3	/	(6.751	+	53.713)
	=	0.12

Good Natured Products'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)
	=	7.3	/	(6.751	+	53.713)
	=	0.12

Good Natured Products (TSXV:GDNP) 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.

Good Natured Products Cash-to-Debt Related Terms

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Good Natured Products (TSXV:GDNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Good Natured Products Inc (TSXV:GDNP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GDNPF:USA 2VL:Germany

Address

814 - 470 Granville Street, Vancouver, BC, CAN, V6C 1V5

Website

https://www.goodnatured.ca

Good Natured Products Inc offers a broad assortment of plant-based products. All of the Company's operations are within the packaging and consumer goods manufacturing industry. The Company manufactures and/or sources over 400 products that are grouped into five business groups: General Merchandise, Packaging, Industrial, Commercial Supplies, and Services. The Company offers its products through wholesale, direct to business, and retail channels.

Good Natured Products (TSXV:GDNP) Headlines

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