Zoglos Food (FRA:G8I) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Zoglos Food 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. Zoglos Food's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Zoglos Food could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

FRA:G8I' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 5000.61 Max: No Debt
Current: 11.28

During the past 4 years, Zoglos Food's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 5000.61.

FRA:G8I's Cash-to-Debt is ranked better than
87.54% of 305 companies
in the Retail - Defensive industry
Industry Median: 0.43 vs FRA:G8I: 11.28

Zoglos Food Cash-to-Debt Historical Data

The historical data trend for Zoglos Food'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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Zoglos Food Cash-to-Debt Chart

Zoglos Food Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.99

1.00

Zoglos Food Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	1.00	No Debt

Competitive Comparison of Zoglos Food's Cash-to-Debt

For the Food Distribution subindustry, Zoglos Food'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.

Zoglos Food's Cash-to-Debt Distribution in the Retail - Defensive Industry

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

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

Zoglos Food 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.

Zoglos Food'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)
	=	0.027	/	(0.027	+	0)
	=	1.00

Zoglos Food's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Zoglos Food had no debt ⁽¹⁾.

Zoglos Food (FRA:G8I) 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.

Zoglos Food Cash-to-Debt Related Terms

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

Zoglos Food (FRA:G8I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Zoglos Food Corp (FRA:G8I) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZOG:Canada

Address

8953 Woodbine Avenue, Markham, ON, CAN, L3R0J9

Website

https://www.zoglos.com

Zoglos Food Corp is a plant-based protein foods company that is in the business of designing, developing, producing, distributing, and selling plant-based meat alternative products. Its products fall into three main categories: plant-based meats; appetizers; and veggies. It generates revenues through the wholesale of plant-based meat alternative products.

Zoglos Food (FRA:G8I) Headlines

No Headlines

Zoglos Food (FRA:G8I) Cash-to-Debt : No Debt (1) (As of Mar. 2024)