Spinneys 1961 Holding (DFM:SPINNEYS) Cash-to-Debt : 0.49 (As of Mar. 2024)

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What is Spinneys 1961 Holding 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. Spinneys 1961 Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.49.

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, Spinneys 1961 Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Spinneys 1961 Holding's Cash-to-Debt or its related term are showing as below:

DFM:SPINNEYS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.29 Max: 0.49
Current: 0.49

During the past 3 years, Spinneys 1961 Holding's highest Cash to Debt Ratio was 0.49. The lowest was 0.05. And the median was 0.29.

DFM:SPINNEYS's Cash-to-Debt is ranked better than
54.1% of 305 companies
in the Retail - Defensive industry
Industry Median: 0.43 vs DFM:SPINNEYS: 0.49

Spinneys 1961 Holding Cash-to-Debt Historical Data

The historical data trend for Spinneys 1961 Holding'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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Spinneys 1961 Holding Cash-to-Debt Chart

Spinneys 1961 Holding Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.21

0.05

0.38

Spinneys 1961 Holding Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Cash-to-Debt	0.21	0.05	N/A	0.38	0.49

Competitive Comparison of Spinneys 1961 Holding's Cash-to-Debt

For the Grocery Stores subindustry, Spinneys 1961 Holding'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.

Spinneys 1961 Holding's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Spinneys 1961 Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Spinneys 1961 Holding's Cash-to-Debt falls into.

Spinneys 1961 Holding 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.

Spinneys 1961 Holding'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)
	=	354.061	/	(144.595	+	785.679)
	=	0.38

Spinneys 1961 Holding'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)
	=	469.583	/	(153.306	+	796.568)
	=	0.49

Spinneys 1961 Holding (DFM:SPINNEYS) 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.

Spinneys 1961 Holding Cash-to-Debt Related Terms

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Spinneys 1961 Holding (DFM:SPINNEYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spinneys 1961 Holding plc (DFM:SPINNEYS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nad Al Sheba First, 1st Floor, Meydan, ARE

Website

https://www.ipo.spinneys.com

Spinneys 1961 Holding plc with its subsidiaries engaged in the operation of supermarkets grocery retailers in the United Arab Emirates, Sultanate of Oman, and Saudi Arabia. It has two geographic reportable segments United Arab Emirates (UAE) and the Sultanate of Oman (Oman), and Others. It generates the majority of its revenue from the United Arab Emirates (UAE).

Spinneys 1961 Holding (DFM:SPINNEYS) Headlines

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