Choppies Enterprises (JSE:CHP) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is Choppies Enterprises 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. Choppies Enterprises's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, Choppies Enterprises 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 Choppies Enterprises's Cash-to-Debt or its related term are showing as below:

JSE:CHP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 0.83
Current: 0.13

During the past 13 years, Choppies Enterprises's highest Cash to Debt Ratio was 0.83. The lowest was 0.04. And the median was 0.18.

JSE:CHP's Cash-to-Debt is ranked worse than
76.3% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.43 vs JSE:CHP: 0.13

Choppies Enterprises Cash-to-Debt Historical Data

The historical data trend for Choppies Enterprises'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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Choppies Enterprises Cash-to-Debt Chart

Choppies Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.20

0.04

0.05

0.06

0.17

Choppies Enterprises Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.06	0.08	0.17	0.13

Competitive Comparison of Choppies Enterprises's Cash-to-Debt

For the Grocery Stores subindustry, Choppies Enterprises'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.

Choppies Enterprises's Cash-to-Debt Distribution in the Retail - Defensive Industry

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

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

Choppies Enterprises 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.

Choppies Enterprises's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	304.988	/	(549.528	+	1203.466)
	=	0.17

Choppies Enterprises'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)
	=	270.642	/	(615.471	+	1413.66)
	=	0.13

Choppies Enterprises (JSE:CHP) 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.

Choppies Enterprises Cash-to-Debt Related Terms

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

Choppies Enterprises (JSE:CHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Choppies Enterprises Ltd (JSE:CHP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CHOPPIES:Botswana

Address

Plot 169, Gaborone International Commerce Park, Gaborone, BWA, 00278

Website

https://www.choppies.co.bw

Choppies Enterprises Ltd operates a supermarket chain store in Botswana. The company's supermarket store offers international food brands, fast-moving consumer goods products, and Choppies' private brand products. Its product offerings include groceries, fresh fruit and vegetables, bakery, butchery, takeaways, and value added/ financial services. The company segments consist of Botswana, Zambia, Zimbabwe, and Namibia. Majority of the revenue is derived from Botswana.

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