The a2 Milk Co (The a2 Milk Co) Cash-to-Debt : 7.90 (As of Jun. 2023)

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What is The a2 Milk 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 a2 Milk Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 7.90.

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, The a2 Milk Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for The a2 Milk Co's Cash-to-Debt or its related term are showing as below:

ACOPF' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.14 Med: No Debt Max: No Debt
Current: 7.9

During the past 13 years, The a2 Milk Co's highest Cash to Debt Ratio was No Debt. The lowest was 7.14. And the median was No Debt.

ACOPF's Cash-to-Debt is ranked better than
82.15% of 1849 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs ACOPF: 7.90

The a2 Milk Co Cash-to-Debt Historical Data

The historical data trend for The a2 Milk 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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The a2 Milk Co Cash-to-Debt Chart

The a2 Milk Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

50.71

53.04

7.14

7.90

The a2 Milk Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															53.04	7.86	7.14	6.43	7.90

Competitive Comparison of The a2 Milk Co's Cash-to-Debt

For the Packaged Foods subindustry, The a2 Milk 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 a2 Milk Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The a2 Milk Co's Cash-to-Debt falls into.

The a2 Milk 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 a2 Milk Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	492.168	/	(11.767	+	50.52)
	=	7.90

The a2 Milk Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	492.168	/	(11.767	+	50.52)
	=	7.90

The a2 Milk Co (OTCPK:ACOPF) 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 a2 Milk Co Cash-to-Debt Related Terms

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The a2 Milk Co (The a2 Milk Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The a2 Milk Co Ltd (OTCPK:ACOPF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ACOPY:USA ATM:New Zealand 14L:Germany A2M:Australia

Address

51 Shortland Street, P.O. Box 163, Level 10, Auckland, NTL, NZL, 1010

Website

https://www.thea2milkcompany.com

A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.

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