Bridgford Foods (Bridgford Foods) Cash-to-Debt : 1.83 (As of Jan. 2024)

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What is Bridgford 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. Bridgford Foods's cash to debt ratio for the quarter that ended in Jan. 2024 was 1.83.

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, Bridgford Foods could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

BRID' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 8.06 Max: No Debt
Current: 1.83

During the past 13 years, Bridgford Foods's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 8.06.

BRID's Cash-to-Debt is ranked better than
70.64% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs BRID: 1.83

Bridgford Foods Cash-to-Debt Historical Data

The historical data trend for Bridgford 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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Bridgford Foods Cash-to-Debt Chart

Bridgford Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.25

0.14

1.68

2.10

Bridgford Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.46	N/A	N/A	2.10	1.83

Competitive Comparison of Bridgford Foods's Cash-to-Debt

For the Packaged Foods subindustry, Bridgford 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.

Bridgford Foods's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Bridgford 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.

Bridgford Foods's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	15.708	/	(2.227	+	5.264)
	=	2.10

Bridgford Foods's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	12.648	/	(2.084	+	4.83)
	=	1.83

Bridgford Foods (NAS:BRID) 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.

Bridgford Foods Cash-to-Debt Related Terms

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

Bridgford Foods (Bridgford Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bridgford Foods Corp (NAS:BRID) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1707 South Good-Latimer Expressway, Dallas, TX, USA, 75226

Website

https://www.bridgford.com

Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.

Executives

Richard Eugene Bridgford	other: VP, Ind. Relations & Safety	170 N GREEN ST, CHICAGO IL 60607
Brian E. Bridgford	other: V.P. Production	170 N. GREEN STREET, CHICAGO IL 60661
Juan Luis Silva	other: V.P. Plant Superintendent	3414 STONE CREEK DR, JOLIET IL 60435
Allan Jr. Bridgford	director	515 MARGUERITE AVENUE, CORONA DEL MAR CA 92625
Dennis Gregory Scott	director	9595 WILSHIRE BLVD., SUITE 710, BEVERLY HILLS CA 90212
Baron Bridgford	other: President, BFI.	P.O. BOX 3773, ANAHEIM CA 92803
Christopher William Cole	other: Senior Vice President	1415 W. 44TH STREET, CHICAGO IL 60609
Bridgford Baron R.h. Ii	officer: President	1415 W. 44TH STREET, CHICAGO IL 60609
Cindy Matthews-morales	officer: CFO, Secretary	1308 N. PATT STREET, ANAHEIM CA 92801
Michael W. Bridgford	officer: Chairman of the Board	1308 N. PATT STREET, ANAHEIM CA 92801
Mary S Schott	director	2990 AIRWAY AVENUE, BUILDING A, COSTA MESA CA 92626
Debra Aileen Dealcuaz	other: Treasurer, Bridgford Indust.	6432 CONNIE LANE, ROCKWALL TX 75032
Bruce Bridgford	director	P.O. BOX 3773, ANAHEIM CA 92803
William L Bridgford	director, officer: Chairman	P.O. BOX 3773, ANAHEIM CA 92803
Raymond F. Lancy	director, officer: CFO, TREAS, ASST SEC	1308 N. PATT ST.,, ANAHEIM CA 92801