Empire Co (Empire Co) Cash-to-Debt

: 0.03 (As of Jan. 2024)

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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. Empire Co's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.03.

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, Empire Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

EMLAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.41
Current: 0.03

During the past 13 years, Empire Co's highest Cash to Debt Ratio was 0.41. The lowest was 0.03. And the median was 0.12.

EMLAF's Cash-to-Debt is ranked worse than
93.51% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.46 vs EMLAF: 0.03

Empire Co Cash-to-Debt Historical Data

The historical data trend for Empire Co'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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Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.27 [6] => 0.15 [7] => 0.13 [8] => 0.11 [9] => 0.03 )

Empire Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

0.27

0.15

0.13

0.11

0.03

Empire Co 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																0.03	0.03	0.05	0.03	0.03

Competitive Comparison

For the Grocery Stores subindustry, Empire Co'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.

Empire Co Cash-to-Debt Distribution

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

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

Empire Co 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.

Empire Co's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	164.12	/	(547.093	+	4844.408)
	=	0.03

Empire Co'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)
	=	185.577	/	(524.324	+	4902.928)
	=	0.03

Empire Co (OTCPK:EMLAF) 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.

Empire Co Cash-to-Debt Related Terms

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

Empire Co (Empire Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Empire Co Ltd (OTCPK:EMLAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

C15:Germany EMP.A:Canada

Address

115 King Street, Stellarton, NS, CAN, B0K 1S0

Website

https://www.empireco.ca

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations. The company's investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.

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