Dole (DOLE) Cash-to-Debt : 0.20 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Dole 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. Dole's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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

DOLE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.2 Max: 0.33
Current: 0.2

During the past 6 years, Dole's highest Cash to Debt Ratio was 0.33. The lowest was 0.15. And the median was 0.20.

DOLE's Cash-to-Debt is ranked worse than
68.38% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs DOLE: 0.20

Dole Cash-to-Debt Historical Data

The historical data trend for Dole'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.

* Premium members only.

Dole Cash-to-Debt Chart

Dole Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.25

0.33

0.15

0.20

Dole Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												0.15	0.17	0.15	0.15	0.20

Competitive Comparison of Dole's Cash-to-Debt

For the Farm Products subindustry, Dole'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.

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

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

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

Dole 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.

Dole'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)
	=	281.479	/	(298.081	+	1133.004)
	=	0.20

Dole'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)
	=	281.479	/	(298.081	+	1133.004)
	=	0.20

Dole (NYSE:DOLE) 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.

Dole Cash-to-Debt Related Terms

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

Dole (DOLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dole PLC (NYSE:DOLE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4CB:Germany

Address

29 North Anne Street, Dublin, IRL, D07 PH36

Website

https://www.doleplc.com

Dole PLC through its subsidiaries operates in the North American and European markets for fresh fruits and vegetables. The company's segment includes Fresh Fruit; Diversified Fresh Produce - EMEA; Diversified Fresh Produce - Americas and ROW and Fresh Vegetables. It generates maximum revenue from the Diversified Fresh Produce - EMEA segment. Diversified Fresh Produce - EMEA segment includes Dole's Irish, Dutch, Spanish, Portuguese, French, Italian, U.K., Swedish, Danish, South African, Eastern European, and Brazilian businesses, the majority of which sell a variety of imported and local fresh fruits and vegetables through retail, wholesale and, in some instances, food service channels across the European marketplace.