The Simply Good Foods Co (The Simply Good Foods Co) Cash-to-Debt : 0.57 (As of Feb. 2024)

View and export this data going back to 2016. Start your Free Trial

What is The Simply Good Foods Co 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. The Simply Good Foods Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.57.

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, The Simply Good Foods Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

SMPL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.21 Max: No Debt
Current: 0.57

During the past 7 years, The Simply Good Foods Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 0.21.

SMPL's Cash-to-Debt is ranked better than
51.92% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs SMPL: 0.57

The Simply Good Foods Co Cash-to-Debt Historical Data

The historical data trend for The Simply Good Foods 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.

* Premium members only.

The Simply Good Foods Co Cash-to-Debt Chart

The Simply Good Foods Co Annual Data

Trend

Aug16

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

1.40

0.16

0.17

0.30

The Simply Good Foods Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.19	0.30	0.45	0.57

Competitive Comparison of The Simply Good Foods Co's Cash-to-Debt

For the Packaged Foods subindustry, The Simply Good Foods 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.

The Simply Good Foods Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

The Simply Good Foods 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.

The Simply Good Foods Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	87.715	/	(7.709	+	281.649)
	=	0.30

The Simply Good Foods Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	135.876	/	(0.024	+	237.641)
	=	0.57

The Simply Good Foods Co (NAS:SMPL) 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.

The Simply Good Foods Co Cash-to-Debt Related Terms

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

The Simply Good Foods Co (The Simply Good Foods Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Simply Good Foods Co (NAS:SMPL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

76L:Germany

Address

1225, 17th Street, Suite 1000, Denver, CO, USA, 80202

Website

http://www.thesimplygoodfoodscompany.com

The Simply Good Foods Co is a consumer packaged food and beverage company. It provides low-carbohydrate, high protein bars, shakes, and other products such as confections, chips, and cookies under the Atkins and Quest brands. The company distributes its products in retail channels, predominantly in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, and other channels.

Executives

Susan Hunsberger	officer: SVP and Chief HR Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Heflin Stuart E. Jr.	officer: SVP & General Manager, Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
Brian K. Ratzan	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Timothy Richard Kraft	officer: Gen. Counsel & Corp. Secretary	THE SIMPLY GOOD FOODS COMPANY, 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Ryan Thomas	officer: SVP and GM Atkins marketing	1225 17TH ST., SUITE 1000, DENVER CO 80202
Jill M. Short	officer: Chief Customer Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Geoff E Tanner	director, officer: President and COO	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Timothy Allen Matthews	officer: VP, Controller and CAO	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Robert G. Montgomery	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Jeremy Scott Ivie	officer: Chief Product Tech Officer	1225 17TH ST., SUITE 1000, DENVER CO 80202
Linda Zink	officer: Chief Marketing Officer Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
Joseph Scalzo	director, officer: CEO and President	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Conyers Park Sponsor Llc	director, 10 percent owner	31 WEST 52ND STREET 22ND FLOOR, NEW YORK NY 10019
C Scott Parker	officer: Chief Marketing Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Joseph J Schena	director	C/O CONYERS PARK II ACQUISITION CORP., 1 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831