Vitasoy International Holdings (Vitasoy International Holdings) Cash-to-Debt : 1.77 (As of Sep. 2023)

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What is Vitasoy International Holdings 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. Vitasoy International Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.77.

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, Vitasoy International Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

VTSYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: 2.13 Max: 35.2
Current: 1.77

During the past 13 years, Vitasoy International Holdings's highest Cash to Debt Ratio was 35.20. The lowest was 0.78. And the median was 2.13.

VTSYF's Cash-to-Debt is ranked better than
70.14% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs VTSYF: 1.77

Vitasoy International Holdings Cash-to-Debt Historical Data

The historical data trend for Vitasoy International Holdings'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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Vitasoy International Holdings Cash-to-Debt Chart

Vitasoy International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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22.58

1.75

2.89

0.92

0.84

Vitasoy International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.68	0.92	1.51	0.84	1.77

Competitive Comparison of Vitasoy International Holdings's Cash-to-Debt

For the Packaged Foods subindustry, Vitasoy International Holdings'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.

Vitasoy International Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Vitasoy International Holdings 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.

Vitasoy International Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	70.75	/	(62.978	+	21.223)
	=	0.84

Vitasoy International Holdings's Cash to Debt Ratio for the quarter 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)
	=	90.726	/	(36.988	+	14.287)
	=	1.77

Vitasoy International Holdings (OTCPK:VTSYF) 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.

Vitasoy International Holdings Cash-to-Debt Related Terms

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

Vitasoy International Holdings (Vitasoy International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitasoy International Holdings Ltd (OTCPK:VTSYF) » Definitions » Cash-to-Debt

Traded in Other Exchanges

00345:Hong Kong

Address

Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.vitasoy.com

Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Vitasoy International Holdings (Vitasoy International Holdings) Headlines

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