Burcon NutraScience (TSX:BU) Cash-to-Debt : 0.68 (As of Jun. 2023)

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What is Burcon NutraScience 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. Burcon NutraScience's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.68.

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, Burcon NutraScience couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

TSX:BU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 59.51 Max: No Debt
Current: 0.68

During the past 13 years, Burcon NutraScience's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 59.51.

TSX:BU's Cash-to-Debt is ranked better than
54.92% of 1848 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs TSX:BU: 0.68

Burcon NutraScience Cash-to-Debt Historical Data

The historical data trend for Burcon NutraScience'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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Burcon NutraScience Cash-to-Debt Chart

Burcon NutraScience Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.15

2.23

423.42

95.90

0.28

Burcon NutraScience Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															23.11	0.53	0.39	0.28	0.68

Competitive Comparison of Burcon NutraScience's Cash-to-Debt

For the Packaged Foods subindustry, Burcon NutraScience'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.

Burcon NutraScience's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Burcon NutraScience 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.

Burcon NutraScience's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1.457	/	(0.034	+	5.137)
	=	0.28

Burcon NutraScience's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	3.572	/	(0.048	+	5.232)
	=	0.68

Burcon NutraScience (TSX:BU) 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.

Burcon NutraScience Cash-to-Debt Related Terms

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Burcon NutraScience (TSX:BU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Burcon NutraScience Corp (TSX:BU) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

BRCNF:USA BNE:Germany

Address

1946 West Broadway, Vancouver, BC, CAN, V6J 1Z2

Website

https://www.burcon.ca

Burcon NutraScience Corp is a technology company in the development of plant-based proteins. With over 290 issued patent applications, that have been developed, Burcon has grown a portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed, and more. Its joint venture Merit Foods is building a protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients.

Executives

John Vassallo

Director

Burcon NutraScience (TSX:BU) Headlines

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