Livestock Improvement (NZSE:LIC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2024)

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What is Livestock Improvement 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. Livestock Improvement's cash to debt ratio for the quarter that ended in Nov. 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, Livestock Improvement could pay off its debt using the cash in hand for the quarter that ended in Nov. 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 Livestock Improvement's Cash-to-Debt or its related term are showing as below:

NZSE:LIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.96 Max: No Debt
Current: 1.37

During the past 13 years, Livestock Improvement's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.96.

NZSE:LIC's Cash-to-Debt is ranked better than
66.12% of 1877 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs NZSE:LIC: 1.37

Livestock Improvement Cash-to-Debt Historical Data

The historical data trend for Livestock Improvement'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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Livestock Improvement Cash-to-Debt Chart

Livestock Improvement Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash-to-Debt

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0.94

1.30

3.55

2.54

1.95

Livestock Improvement Semi-Annual Data
	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	2.54	No Debt	1.95	No Debt

Competitive Comparison of Livestock Improvement's Cash-to-Debt

For the Farm Products subindustry, Livestock Improvement'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.

Livestock Improvement's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

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Livestock Improvement 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.

Livestock Improvement's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	42.341	/	(4.962	+	16.736)
	=	1.95

Livestock Improvement's Cash to Debt Ratio for the quarter that ended in Nov. 2024 is calculated as:

Livestock Improvement had no debt ⁽¹⁾.

Livestock Improvement (NZSE:LIC) 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.

Livestock Improvement Cash-to-Debt Related Terms

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Livestock Improvement Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Livestock Improvement Corp Ltd (NZSE:LIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

605 Ruakura Road, Newstead, Hamilton, NTL, NZL, 3286

Website

https://www.lic.co.nz

Livestock Improvement Corp Ltd is an agri-tech and herd improvement company. The company's operating segments include NZ market genetics; Herd testing; Farm software and Diagnostics. It generates maximum revenue from the NZ market genetics segment. The NZ market genetics segment provides bovine genetic breeding material and related services, predominately to dairy farmers. Geographically, it derives a majority of revenue from New Zealand.

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Livestock Improvement (NZSE:LIC) Cash-to-Debt : No Debt (1) (As of Nov. 2024)