High Liner Foods (High Liner Foods) Cash-to-Debt : 0.04 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is High Liner Foods 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. High Liner Foods's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, High Liner Foods couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HLNFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.11
Current: 0.04

During the past 13 years, High Liner Foods's highest Cash to Debt Ratio was 0.11. The lowest was 0.00. And the median was 0.02.

HLNFF's Cash-to-Debt is ranked worse than
89.97% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs HLNFF: 0.04

High Liner Foods Cash-to-Debt Historical Data

The historical data trend for High Liner Foods'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.

* Premium members only.

High Liner Foods Cash-to-Debt Chart

High Liner Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.11

0.02

0.04

High Liner Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.01	0.01	0.02	0.04

Competitive Comparison of High Liner Foods's Cash-to-Debt

For the Packaged Foods subindustry, High Liner Foods'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.

High Liner Foods's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

High Liner Foods 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.

High Liner Foods'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)
	=	10.496	/	(12.773	+	240.788)
	=	0.04

High Liner Foods'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)
	=	10.496	/	(12.773	+	240.788)
	=	0.04

High Liner Foods (OTCPK:HLNFF) 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.

High Liner Foods Cash-to-Debt Related Terms

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

High Liner Foods (High Liner Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » High Liner Foods Inc (OTCPK:HLNFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

28Y:Germany HLF:Canada

Address

100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0

Website

https://www.highlinerfoods.com

High Liner Foods Inc is a Canadian company which is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company sells its products to institutions, health care facilities, and quick-service family and casual dining establishments. Its foodservice brands include High Liner Culinary, Mirabel, FPI, Viking, American Pride, High Liner, Fisher Boy, Sea Cuisine and others.