KRYAY (Kerry Group) Cash-to-Debt : 0.27 (As of Jun. 2024)

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What is Kerry Group 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. Kerry Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.27.

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, Kerry Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

KRYAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.21 Max: 0.37
Current: 0.27

During the past 13 years, Kerry Group's highest Cash to Debt Ratio was 0.37. The lowest was 0.12. And the median was 0.21.

KRYAY's Cash-to-Debt is ranked worse than
62.89% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs KRYAY: 0.27

Kerry Group Cash-to-Debt Historical Data

The historical data trend for Kerry Group'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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Kerry Group Cash-to-Debt Chart

Kerry Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.22

0.33

0.30

0.37

Kerry Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.27	0.30	0.28	0.37	0.27

Competitive Comparison of Kerry Group's Cash-to-Debt

For the Packaged Foods subindustry, Kerry Group'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.

Kerry Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Kerry Group 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.

Kerry Group'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)
	=	1029.117	/	(69.029	+	2699.019)
	=	0.37

Kerry Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	715.608	/	(0.431	+	2620.129)
	=	0.27

Kerry Group (OTCPK:KRYAY) 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.

Kerry Group Cash-to-Debt Related Terms

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Kerry Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kerry Group PLC (OTCPK:KRYAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KRYAF:USA KRZ:Ireland KYGAl:UK KYGA:UK KRZA:Germany KRZ:Germany KRZ:Germany

Address

Prince's Street, Tralee, Kerry, IRL, V92 EH11

Website

https://www.kerry.com

Kerry Group is one of the largest taste and ingredient technology companies in the world servicing the food, beverage, and pharmaceutical sectors. The company has more than 200 locations that supply clients in more than 50 countries. Its taste and nutrition unit gets around 70% of its revenue from developed countries and 30% from the developing world, servicing a wide range of end-use sectors, such as meat, meals, snacks, dairy, drinks, and pharmaceuticals. Kerry has expanded through a combination of organic development and dozens of tuck-in acquisitions.