Ingles Markets (Ingles Markets) Cash-to-Debt : 0.47 (As of Dec. 2023)

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What is Ingles Markets 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. Ingles Markets's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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

IMKTA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.55
Current: 0.47

During the past 13 years, Ingles Markets's highest Cash to Debt Ratio was 0.55. The lowest was 0.00. And the median was 0.02.

IMKTA's Cash-to-Debt is ranked better than
51.94% of 310 companies
in the Retail - Defensive industry
Industry Median: 0.445 vs IMKTA: 0.47

Ingles Markets Cash-to-Debt Historical Data

The historical data trend for Ingles Markets'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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Ingles Markets Cash-to-Debt Chart

Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.05

0.01

0.12

0.44

0.55

Ingles Markets 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															0.42	0.42	0.47	0.55	0.47

Competitive Comparison of Ingles Markets's Cash-to-Debt

For the Grocery Stores subindustry, Ingles Markets'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.

Ingles Markets's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's Cash-to-Debt distribution charts can be found below:

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

Ingles Markets 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.

Ingles Markets's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	328.54	/	(25.757	+	569.709)
	=	0.55

Ingles Markets'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)
	=	275.034	/	(25.01	+	564.792)
	=	0.47

Ingles Markets (NAS:IMKTA) 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.

Ingles Markets Cash-to-Debt Related Terms

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

Ingles Markets (Ingles Markets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (NAS:IMKTA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IN3A:Germany

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Executives

Sharp Laura Ingle	director	2913 U.S. HWY. 70 WEST, BLACK MOUNTAIN NC 28711
Michael David Hogan	officer: President of Subsidiary Milkco	C/O INGLES MARKETS, INCORPORATED, P.O. BOX 6676, ASHEVILLE NC 28816
Patricia Jackson	officer: CFO	P.O. BOX 6676, ASHEVILLE NC 28816
James W Lanning	director, officer: President, other: Profit Sharing Plan Trustee
John R Lowden	director	140 GREENWICH AVE, GREENWICH CT 06830
Ernest E. Ferguson	director	P.O. BOX 6676, ASHEVILLE NC 28816
Fred Ayers	director	2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Brenda S Tudor	director, officer: VP Finance, Treasurer, CFO
L. Keith Collins	director	P.O. BOX 6676, ASHEVILLE NC 28816
Laura Anne Laxton Ingle 2011 Irrevocable Trust Dated September 8, 2011	10 percent owner	P.O. BOX 6676, ASHEVILLE NC 28816
Robert Ingle, Sr. Administrative Trust Uta Robert Pierce Ingle Living Trust Dated December 24, 2010	10 percent owner	2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Robert P Ingle	director, officer: Chairman and CEO, other: Profit Sharing Plan Trustee
Ingles Markets Inc Investment/profit Sharing Plan Trust	10 percent owner
Ronald B Freeman	director, officer: Chief Financial Officer, other: Profit Sharing Plan Trustee	P.O. BOX 6676, ASHEVILLE NC 28816
Ingle Robert P Ii	director, officer: VP - Operations	PO BOX 6676, ASHEVILLE NC 28816