STI Foods Holdings (TSE:2932) Cash-to-Debt : 3.10 (As of Jun. 2024)

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What is STI Foods Holdings 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. STI Foods Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 3.10.

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, STI Foods Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

TSE:2932' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61 Med: 1.5 Max: 7.45
Current: 3.1

During the past 6 years, STI Foods Holdings's highest Cash to Debt Ratio was 7.45. The lowest was 0.61. And the median was 1.50.

TSE:2932's Cash-to-Debt is ranked better than
75.34% of 1861 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs TSE:2932: 3.10

STI Foods Holdings Cash-to-Debt Historical Data

The historical data trend for STI Foods Holdings'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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STI Foods Holdings Cash-to-Debt Chart

STI Foods Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.62

1.05

1.71

1.52

3.07

STI Foods Holdings Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial														4.14	7.45	3.07	2.86	3.10

Competitive Comparison of STI Foods Holdings's Cash-to-Debt

For the Packaged Foods subindustry, STI Foods Holdings'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.

STI Foods Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where STI Foods Holdings's Cash-to-Debt falls into.

STI Foods Holdings 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.

STI Foods Holdings'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)
	=	4046.605	/	(474.557	+	842.049)
	=	3.07

STI Foods Holdings'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)
	=	4334.806	/	(321.348	+	1075.713)
	=	3.10

STI Foods Holdings (TSE:2932) 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.

STI Foods Holdings Cash-to-Debt Related Terms

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STI Foods Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » STI Foods Holdings Inc (TSE:2932) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-15-14 Minamiaoyama, Minato-ku, Tokyo, JPN, 107-0062

Website

https://www.shintokyo.co.jp

STI Foods Holdings Inc is engaged in food manufacturing and sales business with total process integration from the procurement of marine raw materials to the manufacture and sales of products. The company's products include Grilled mackerel, Hotoke salted, Broccoli potato basil sauce, Octopus, Roasted mackerel, Olive oil mackerel, Norwegian mackerel miso, among others.

STI Foods Holdings Headlines

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