Carmit Candy Industries (XTAE:CRMT) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Carmit Candy 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. Carmit Candy Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, Carmit Candy Industries 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 Carmit Candy Industries's Cash-to-Debt or its related term are showing as below:

XTAE:CRMT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.31
Current: 0.04

During the past 8 years, Carmit Candy Industries's highest Cash to Debt Ratio was 0.31. The lowest was 0.01. And the median was 0.05.

XTAE:CRMT's Cash-to-Debt is ranked worse than
89.7% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs XTAE:CRMT: 0.04

Carmit Candy Industries Cash-to-Debt Historical Data

The historical data trend for Carmit Candy 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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Carmit Candy Industries Cash-to-Debt Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.16

0.01

0.02

0.04

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.01	0.02	0.02	0.05	0.04

Competitive Comparison of Carmit Candy Industries's Cash-to-Debt

For the Confectioners subindustry, Carmit Candy 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.

Carmit Candy Industries's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Carmit Candy 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.

Carmit Candy Industries'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)
	=	4.554	/	(63.534	+	68.218)
	=	0.03

Carmit Candy Industries'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)
	=	4.554	/	(63.534	+	68.218)
	=	0.03

Carmit Candy Industries (XTAE:CRMT) 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.

Carmit Candy Industries Cash-to-Debt Related Terms

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Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.