Biome Technologies (LSE:BIOM) Cash-to-Debt : 0.57 (As of Jun. 2024)

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What is Biome Technologies 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. Biome Technologies's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.57.

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

LSE:BIOM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 5002.07 Max: No Debt
Current: 0.57

During the past 13 years, Biome Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was 5002.07.

LSE:BIOM's Cash-to-Debt is ranked worse than
53.46% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs LSE:BIOM: 0.57

Biome Technologies Cash-to-Debt Historical Data

The historical data trend for Biome Technologies'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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Biome Technologies Cash-to-Debt Chart

Biome Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.14

3.83

2.48

1.91

0.70

Biome Technologies 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															1.69	1.91	0.61	0.70	0.57

Competitive Comparison of Biome Technologies's Cash-to-Debt

For the Specialty Chemicals subindustry, Biome Technologies'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.

Biome Technologies's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Biome Technologies's Cash-to-Debt distribution charts can be found below:

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

Biome Technologies 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.

Biome Technologies'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)
	=	0.599	/	(0.06	+	0.799)
	=	0.70

Biome Technologies'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)
	=	0.626	/	(0.06	+	1.048)
	=	0.56

Biome Technologies (LSE:BIOM) 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.

Biome Technologies Cash-to-Debt Related Terms

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Biome Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Biome Technologies PLC (LSE:BIOM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BIOM.GB:UK

Address

North Road, Starpol Technology Centre, Marchwood, Southampton, Hampshire, GBR, SO40 4BL

Website

https://www.biometechnologiesplc.com

Biome Technologies PLC is an innovator and supplier of biodegradable natural polymers. The company operates in two areas; the Bioplastics Division produces bio-degradable products capable of replacing conventional oil-based plastics and has diverse applications including flexible films, moulded products, extruded sheets, and food wraps, and the Radio Frequency Division designing and installing specialist Radio Frequency furnaces, welders, and induction equipment. The majority of the revenues are earned from the Bioplastics segment. Geographically, the company generates a majority of its revenue from the United States of America and the rest from Canada, the United Kingdom, Hungary, Portugal, and other countries.

Biome Technologies Headlines

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