Bakkavor Group (LSE:BAKK) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Bakkavor 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. Bakkavor Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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

LSE:BAKK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.07 Max: 0.2
Current: 0.1

During the past 10 years, Bakkavor Group's highest Cash to Debt Ratio was 0.20. The lowest was 0.04. And the median was 0.07.

LSE:BAKK's Cash-to-Debt is ranked worse than
80.04% of 1799 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs LSE:BAKK: 0.10

Bakkavor Group Cash-to-Debt Historical Data

The historical data trend for Bakkavor 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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Bakkavor Group Cash-to-Debt Chart

Bakkavor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.08

0.10

Bakkavor Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.08	0.11	0.10	0.06	0.10

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

For the Packaged Foods subindustry, Bakkavor 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.

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

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

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

Bakkavor 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.

Bakkavor 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)
	=	36.6	/	(37	+	318.9)
	=	0.10

Bakkavor Group'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)
	=	36.6	/	(37	+	318.9)
	=	0.10

Bakkavor Group (LSE:BAKK) 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.

Bakkavor Group Cash-to-Debt Related Terms

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Bakkavor Group (LSE:BAKK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkavor Group PLC (LSE:BAKK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BAKKl:UK

Address

8 Mortimer Street, Fitzroy Place, 5th Floor, London, GBR, W1T 3JJ

Website

https://www.bakkavor.com

Bakkavor Group PLC manufactures and markets a wide variety of freshly prepared food, covering a range of categories including meals, desserts, pizza & bread and salads. Some of its other products include soups & sauces, bread & dips, food-to-go, salads, fresh-cut salads, sandwiches & wraps, and bakery products. Its customers include grocery retailers as well as international food brands. Its geographical segments are the United Kingdom, United States, and China, of which the most of its revenue comes from the United Kingdom.

Bakkavor Group (LSE:BAKK) Headlines

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