Megmilk Snow Brand Co (TSE:2270) Cash-to-Debt : 0.49 (As of Mar. 2024)

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What is Megmilk Snow Brand 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. Megmilk Snow Brand Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.49.

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, Megmilk Snow Brand Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Megmilk Snow Brand Co's Cash-to-Debt or its related term are showing as below:

TSE:2270' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.49
Current: 0.49

During the past 13 years, Megmilk Snow Brand Co's highest Cash to Debt Ratio was 0.49. The lowest was 0.09. And the median was 0.21.

TSE:2270's Cash-to-Debt is ranked worse than
51.2% of 1873 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs TSE:2270: 0.49

Megmilk Snow Brand Co Cash-to-Debt Historical Data

The historical data trend for Megmilk Snow Brand 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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Megmilk Snow Brand Co Cash-to-Debt Chart

Megmilk Snow Brand Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.22

0.28

0.29

0.49

Megmilk Snow Brand Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.26	0.21	0.26	0.49

Competitive Comparison of Megmilk Snow Brand Co's Cash-to-Debt

For the Packaged Foods subindustry, Megmilk Snow Brand 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.

Megmilk Snow Brand Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Megmilk Snow Brand Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Megmilk Snow Brand Co's Cash-to-Debt falls into.

Megmilk Snow Brand 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.

Megmilk Snow Brand Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	29001	/	(11005	+	47866)
	=	0.49

Megmilk Snow Brand Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	29001	/	(11005	+	47866)
	=	0.49

Megmilk Snow Brand Co (TSE:2270) 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.

Megmilk Snow Brand Co Cash-to-Debt Related Terms

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

Megmilk Snow Brand Co (TSE:2270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Megmilk Snow Brand Co Ltd (TSE:2270) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2270:Japan

Address

5-1, Yotsuya, Honshio-cho, Shinjuku-ku, Tokyo, JPN, 160-8575

Website

http://www.meg-snow.com

Megmilk Snow Brand Co Ltd is involved in manufacturing and selling cow's milk, milk products and other foods. The company has Dairy products, Beverages and Desserts, Feedstuffs and Seed products and International business domains. Its products include producing and selling of butter, margarine, processed cheese, natural cheese and condensed and skim milk, yogurts etc. The firm also operates in nutrition business, dairy products business and functional ingredients business.

Megmilk Snow Brand Co (TSE:2270) Headlines

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