Biome Australia (ASX:BIO) Cash-to-Debt : 1.40 (As of Dec. 2023)

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What is Biome Australia 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. Biome Australia's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.40.

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, Biome Australia could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:BIO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.4 Med: 8.83 Max: 15.74
Current: 1.4

During the past 3 years, Biome Australia's highest Cash to Debt Ratio was 15.74. The lowest was 1.40. And the median was 8.83.

ASX:BIO's Cash-to-Debt is ranked better than
66.74% of 1873 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs ASX:BIO: 1.40

Biome Australia Cash-to-Debt Historical Data

The historical data trend for Biome Australia'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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Biome Australia Cash-to-Debt Chart

Biome Australia Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

113.59

11.76

1.97

Biome Australia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	15.74	11.76	8.83	1.97	1.40

Competitive Comparison of Biome Australia's Cash-to-Debt

For the Packaged Foods subindustry, Biome Australia'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.

Biome Australia's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Biome Australia 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.

Biome Australia'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)
	=	2.261	/	(0.225	+	0.921)
	=	1.97

Biome Australia'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)
	=	2.024	/	(1.151	+	0.3)
	=	1.39

Biome Australia (ASX:BIO) 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.

Biome Australia Cash-to-Debt Related Terms

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Biome Australia (ASX:BIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Biome Australia Ltd (ASX:BIO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-194 Johnston Street, Collingwood, VIC, AUS, 3066

Website

https://www.biomeaustralia.com

Biome Australia Ltd licences, develops, and markets evidence-based, complementary medicines, including nutraceuticals food-based vitamins and weight management products and live biotherapeutics. The firm owns brands namely; Activated Nutrients: a range of completely organic, plant-based, all-in-one nutritional products; Activated Probiotics: a first-of-its-kind range of clinically-backed precision probiotics; and AXP, a certified range of performance products for athletes. Domestically it caters to Australia and In international markets, the Group distributes and markets its Activated Probiotics range in the United Kingdom and New Zealand through independent health practitioners. Key revenue is derived from domestic sales.