Modern Plant Based Foods (XCNQ:MEAT) Cash-to-Debt : 0.10 (As of Nov. 2023)

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What is Modern Plant Based 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. Modern Plant Based Foods's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.10.

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, Modern Plant Based Foods couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

XCNQ:MEAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.23 Max: No Debt
Current: 0.1

During the past 13 years, Modern Plant Based Foods's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.23.

XCNQ:MEAT's Cash-to-Debt is ranked worse than
80.78% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs XCNQ:MEAT: 0.10

Modern Plant Based Foods Cash-to-Debt Historical Data

The historical data trend for Modern Plant Based 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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Modern Plant Based Foods Cash-to-Debt Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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3.98

11.27

1.23

1.31

0.09

Modern Plant Based Foods Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.84	0.33	0.18	0.09	0.10

Competitive Comparison of Modern Plant Based Foods's Cash-to-Debt

For the Packaged Foods subindustry, Modern Plant Based 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.

Modern Plant Based Foods's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Modern Plant Based Foods's Cash-to-Debt falls into.

Modern Plant Based 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.

Modern Plant Based Foods's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	0.058	/	(0.658	+	0)
	=	0.09

Modern Plant Based Foods's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.08	/	(0.833	+	0)
	=	0.10

Modern Plant Based Foods (XCNQ:MEAT) 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.

Modern Plant Based Foods Cash-to-Debt Related Terms

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

Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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