Ceylon Grain Elevators (COL:GRAN.N0000) Cash-to-Debt : 11.31 (As of Mar. 2024)

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What is Ceylon Grain Elevators 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. Ceylon Grain Elevators's cash to debt ratio for the quarter that ended in Mar. 2024 was 11.31.

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, Ceylon Grain Elevators could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

COL:GRAN.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 7.99 Max: No Debt
Current: 11.31

During the past 13 years, Ceylon Grain Elevators's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 7.99.

COL:GRAN.N0000's Cash-to-Debt is ranked better than
83.93% of 1873 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs COL:GRAN.N0000: 11.31

Ceylon Grain Elevators Cash-to-Debt Historical Data

The historical data trend for Ceylon Grain Elevators'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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Ceylon Grain Elevators Cash-to-Debt Chart

Ceylon Grain Elevators Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.98

7.36

10.65

1.01

10.20

Ceylon Grain Elevators Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.33	5.17	7.99	10.20	11.31

Competitive Comparison of Ceylon Grain Elevators's Cash-to-Debt

For the Farm Products subindustry, Ceylon Grain Elevators'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.

Ceylon Grain Elevators's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Ceylon Grain Elevators 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.

Ceylon Grain Elevators's Cash to Debt Ratio for the fiscal year 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)
	=	7952.802	/	(115.492	+	664.133)
	=	10.20

Ceylon Grain Elevators's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	9136.055	/	(198.844	+	608.906)
	=	11.31

Ceylon Grain Elevators (COL:GRAN.N0000) 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.

Ceylon Grain Elevators Cash-to-Debt Related Terms

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

Ceylon Grain Elevators (COL:GRAN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ceylon Grain Elevators PLC (COL:GRAN.N0000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 15, Rock House Lane, Colombo, LKA, 15

Website

https://www.prima.com.lk

Ceylon Grain Elevators PLC is engaged in poultry activities. Its segments include Milling and farming, Poultry breeding and commercial, and others. The majority of the revenue is generated from the Milling and farming segment which includes manufacturing and selling poultry feed, other animal feed, poultry processing, importing, and selling drugs and vaccines. The Poultry breeding and commercial segment include the breeding of commercial day-old chicks and broiler farming and provision of hatchery services and the Others segment includes the provision of warehouse facilities and trading.

Ceylon Grain Elevators (COL:GRAN.N0000) Headlines

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