The Okomu Oil Palm Co (NSA:OKMO) Cash-to-Debt : 0.48 (As of Dec. 2024)

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What is The Okomu Oil Palm Co 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. The Okomu Oil Palm Co's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.48.

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, The Okomu Oil Palm Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for The Okomu Oil Palm Co's Cash-to-Debt or its related term are showing as below:

NSA:OKMO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.53 Max: 2.39
Current: 0.48

During the past 13 years, The Okomu Oil Palm Co's highest Cash to Debt Ratio was 2.39. The lowest was 0.00. And the median was 0.53.

NSA:OKMO's Cash-to-Debt is ranked worse than
51.78% of 1877 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs NSA:OKMO: 0.48

The Okomu Oil Palm Co Cash-to-Debt Historical Data

The historical data trend for The Okomu Oil Palm Co'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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The Okomu Oil Palm Co Cash-to-Debt Chart

The Okomu Oil Palm Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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1.10

0.58

0.41

0.48

The Okomu Oil Palm Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.41	1.43	0.87	0.27	0.48

Competitive Comparison of The Okomu Oil Palm Co's Cash-to-Debt

For the Farm Products subindustry, The Okomu Oil Palm Co'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.

The Okomu Oil Palm Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Okomu Oil Palm Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The Okomu Oil Palm Co's Cash-to-Debt falls into.

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The Okomu Oil Palm Co 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.

The Okomu Oil Palm Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	14047.14	/	(1937.874	+	27454.88)
	=	0.48

The Okomu Oil Palm Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	14047.14	/	(1937.874	+	27454.88)
	=	0.48

The Okomu Oil Palm Co (NSA:OKMO) 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.

The Okomu Oil Palm Co Cash-to-Debt Related Terms

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The Okomu Oil Palm Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Okomu Oil Palm Co PLC (NSA:OKMO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Okomu-Udo, Ovia South West LGA, P.M.B, Benin, NGA, 1449

Website

https://www.okomunigeria.com

The Okomu Oil Palm Co PLC engages in the cultivation of oil palm and rubber in Nigeria. The company has three reportable segments; the Palm Plantation segment, which produces fresh fruit bunches, crude palm oil, and crude palm kernel; the Rubber Plantation segment, which produces latex and rubber cake; and the Palm Processing segment, which renders palm processing from the company's mill processing equipment. The company processes fresh fruit bunches into crude palm oil for resale, and rubber lumps to rubber cake for export. The company generates maximum revenue from Palm oil products and Rubber products.

The Okomu Oil Palm Co Headlines

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