Base Food (TSE:2936) Cash-to-Debt : 1.31 (As of Aug. 2024)

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What is Base Food 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. Base Food's cash to debt ratio for the quarter that ended in Aug. 2024 was 1.31.

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, Base Food could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

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

TSE:2936' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.31 Med: 4.01 Max: 13.95
Current: 1.31

During the past 4 years, Base Food's highest Cash to Debt Ratio was 13.95. The lowest was 1.31. And the median was 4.01.

TSE:2936's Cash-to-Debt is ranked better than
66.24% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs TSE:2936: 1.31

Base Food Cash-to-Debt Historical Data

The historical data trend for Base Food'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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Base Food Cash-to-Debt Chart

Base Food Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

4.74

13.95

4.33

2.82

Base Food Quarterly Data
	Feb21	Feb22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial						4.12	2.24	2.82	1.35	1.31

Competitive Comparison of Base Food's Cash-to-Debt

For the Packaged Foods subindustry, Base Food'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.

Base Food's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Base Food 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.

Base Food's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	1430.928	/	(501.349	+	6.905)
	=	2.82

Base Food's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	1819.503	/	(1068.023	+	325.673)
	=	1.31

Base Food (TSE:2936) 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.

Base Food Cash-to-Debt Related Terms

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Base Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Base Food Inc (TSE:2936) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-25-2 Nakameguro, Meguro-ku, Tokyo, JPN, 153-0061

Website

https://www.basefood.co.jp

Base Food Inc is engaged in the development and sale of complete nutrition food. It offers base bread, base pasta and base cookies related products.

Base Food Headlines

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