Sensible Meats (NEOE:HOTD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Aug. 2024)

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What is Sensible Meats 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. Sensible Meats's cash to debt ratio for the quarter that ended in Aug. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Sensible Meats could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

(1) 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.

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

NEOE:HOTD' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.07 Med: 57.88 Max: No Debt
Current: 16.07

During the past 3 years, Sensible Meats's highest Cash to Debt Ratio was No Debt. The lowest was 16.07. And the median was 57.88.

NEOE:HOTD's Cash-to-Debt is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.54 vs NEOE:HOTD: 16.07

Sensible Meats Cash-to-Debt Historical Data

The historical data trend for Sensible Meats'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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Sensible Meats Cash-to-Debt Chart

Sensible Meats Annual Data

Trend

Nov21

Nov22

Nov23

Cash-to-Debt

38.65

49.16

60.97

Sensible Meats Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial							56.36	60.97	59.86	71.74	No Debt

Competitive Comparison of Sensible Meats's Cash-to-Debt

For the Packaged Foods subindustry, Sensible Meats'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.

Sensible Meats's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

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Sensible Meats 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.

Sensible Meats's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	5.914	/	(0.097	+	0)
	=	60.97

Sensible Meats's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

Sensible Meats had no debt ⁽¹⁾.

Sensible Meats (NEOE:HOTD) 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.

Sensible Meats Cash-to-Debt Related Terms

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

Sensible Meats Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sensible Meats Inc (NEOE:HOTD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1450, 789 West Pender Street, Calgary, BC, CAN, V6C 1H2

Website

https://www.sensiblemeats.com

Sensible Meats Inc is a plant-based food company that has designed and developed plant-based meat food alternatives and intends to distribute and sell its line of plant-based hot dogs. The company's first and primary product is a line of plant-based hotdogs.

Executives

Brad Nichol

Director

Sensible Meats Headlines

No Headlines

Sensible Meats (NEOE:HOTD) Cash-to-Debt : No Debt (1) (As of Aug. 2024)