Vitality Products (TSXV:VPI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2024)

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What is Vitality Products 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. Vitality Products's cash to debt ratio for the quarter that ended in Jul. 2024 was No Debt ⁽¹⁾.

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, Vitality Products could pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

(1) 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.

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

TSXV:VPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.67 Med: No Debt Max: No Debt
Current: 41.5

During the past 13 years, Vitality Products's highest Cash to Debt Ratio was No Debt. The lowest was 2.67. And the median was No Debt.

TSXV:VPI's Cash-to-Debt is ranked better than
89.14% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs TSXV:VPI: 41.50

Vitality Products Cash-to-Debt Historical Data

The historical data trend for Vitality Products'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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Vitality Products Cash-to-Debt Chart

Vitality Products Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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24.79

70.89

250.75

3.77

42.25

Vitality Products Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															2.85	3.31	42.25	No Debt	No Debt

Competitive Comparison of Vitality Products's Cash-to-Debt

For the Packaged Foods subindustry, Vitality Products'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.

Vitality Products's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Vitality Products 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.

Vitality Products's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.169	/	(0.004	+	0)
	=	42.25

Vitality Products's Cash to Debt Ratio for the quarter that ended in Jul. 2024 is calculated as:

Vitality Products had no debt ⁽¹⁾.

Vitality Products (TSXV:VPI) 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.

Vitality Products Cash-to-Debt Related Terms

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Vitality Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitality Products Inc (TSXV:VPI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VPRIF:USA

Address

837 West Hastings Street, Suite 304, Vancouver, BC, CAN, V6C 3N6

Website

https://www.vitality.ca

Vitality Products Inc is in the business of manufacturing, marketing, and distributing natural health products, including vitamins, minerals, and nutritional supplements. Its product portfolio comprises Digest+, Power Iron + Organic Spirulina, Time Release B60 Complete + C, Time Release Super Multi+, and others. Its geographical segments include Canada and the United States, of which the majority of its revenue is generated in Canada.

Executives

Cheryl Ann Grant	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
William Douglas Grant	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Joanne Yan	Director
Colby Lee Fackler	Senior Officer

Vitality Products Headlines

No Headlines

Vitality Products (TSXV:VPI) Cash-to-Debt : No Debt (1) (As of Jul. 2024)