Purebread Brands (TSXV:BRED) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is Purebread Brands 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. Purebread Brands's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.00.

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, Purebread Brands couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

During the past 2 years, Purebread Brands's highest Cash to Debt Ratio was 0.35. The lowest was 0.00. And the median was 0.02.

TSXV:BRED's Cash-to-Debt is not ranked ^*
in the Restaurants industry.
Industry Median: 0.42
* Ranked among companies with meaningful Cash-to-Debt only.

Purebread Brands Cash-to-Debt Historical Data

The historical data trend for Purebread Brands'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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Purebread Brands Cash-to-Debt Chart

Purebread Brands Annual Data

Trend

Mar22

Mar23

Cash-to-Debt

0.02

Purebread Brands Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.01	0.02	0.01	0.02	-

Competitive Comparison of Purebread Brands's Cash-to-Debt

For the Restaurants subindustry, Purebread Brands'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.

Purebread Brands's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Purebread Brands's Cash-to-Debt distribution charts can be found below:

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

Purebread Brands 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.

Purebread Brands'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)
	=	0.25	/	(2.889	+	8.929)
	=	0.02

Purebread Brands's Cash to Debt Ratio for the quarter 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)
	=	0.06	/	(5.269	+	19.816)
	=	0.00

Purebread Brands (TSXV:BRED) 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.

Purebread Brands Cash-to-Debt Related Terms

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Purebread Brands (TSXV:BRED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Purebread Brands Inc (TSXV:BRED) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1370 E. Georgia Street, Vancouver, BC, CAN, V5L 2A8

Website

https://www.cohocommissary.com

Coho Collective Kitchens Inc engages in the provision of Commercial Commissary Kitchens and the rental of these kitchens to food-based businesses in Canada. The company currently offers its services and sells its products through three main channels, commissary operations, the hospitality food service establishment (Cafe), and the e-commerce food delivery platform, CohoMarket.ca (Coho Market).

Purebread Brands (TSXV:BRED) Headlines

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