Graincorp (ASX:GNC) Cash-to-Debt : 0.64 (As of Sep. 2024)

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What is Graincorp 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. Graincorp's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.64.

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, Graincorp couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

ASX:GNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.29 Max: 0.64
Current: 0.64

During the past 13 years, Graincorp's highest Cash to Debt Ratio was 0.64. The lowest was 0.13. And the median was 0.29.

ASX:GNC's Cash-to-Debt is ranked better than
53.89% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs ASX:GNC: 0.64

Graincorp Cash-to-Debt Historical Data

The historical data trend for Graincorp'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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Graincorp Cash-to-Debt Chart

Graincorp Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash-to-Debt

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0.21

0.13

0.29

0.61

0.64

Graincorp Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.16	0.61	0.34	0.64

Competitive Comparison of Graincorp's Cash-to-Debt

For the Farm Products subindustry, Graincorp'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.

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

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

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

Graincorp 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.

Graincorp's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	596.5	/	(588.3	+	351.7)
	=	0.63

Graincorp's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	596.5	/	(588.3	+	351.7)
	=	0.63

Graincorp (ASX:GNC) 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.

Graincorp Cash-to-Debt Related Terms

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

Graincorp Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GRCLF:USA G3C:Germany G3C:Germany

Address

175 Liverpool Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.graincorp.com.au

GrainCorp is an agribusiness with an integrated business model operating across three divisions. The company operates the largest grain storage and logistics network in eastern Australia. GrainCorp provides grain marketing services to all major grain-producing regions in Australia, as well as to Canadian and UK growers. The company has also diversified into edible oil refining and supply and bulk liquid storage.

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