THS Maple Holdings (TSXV:YAY) Cash-to-Debt : 0.01 (As of Nov. 2023)

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What is THS Maple 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. THS Maple Holdings's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.01.

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, THS Maple Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSXV:YAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.01

During the past 2 years, THS Maple Holdings's highest Cash to Debt Ratio was 0.04. The lowest was 0.01. And the median was 0.02.

TSXV:YAY's Cash-to-Debt is ranked worse than
96.89% of 1863 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs TSXV:YAY: 0.01

THS Maple Holdings Cash-to-Debt Historical Data

The historical data trend for THS Maple 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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THS Maple Holdings Cash-to-Debt Chart

THS Maple Holdings Annual Data

Trend

Nov21

Nov22

Cash-to-Debt

0.04

0.01

THS Maple Holdings Semi-Annual Data
	Nov21	Nov22	Nov23
Cash-to-Debt	0.04	0.01	0.01

Competitive Comparison of THS Maple Holdings's Cash-to-Debt

For the Packaged Foods subindustry, THS Maple 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.

THS Maple Holdings's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

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THS Maple 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.

THS Maple Holdings's Cash to Debt Ratio for the fiscal year that ended in Nov. 2022 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)
	=	0.038	/	(2.545	+	1.115)
	=	0.01

THS Maple Holdings's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.081	/	(6.889	+	1.02)
	=	0.01

THS Maple Holdings (TSXV:YAY) 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.

THS Maple Holdings Cash-to-Debt Related Terms

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THS Maple Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » THS Maple Holdings Ltd (TSXV:YAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Riverwood Parkway, Toronto, ON, CAN, M8Y 4E9

Website

https://www.turkeyhill.ca

THS Maple Holdings Ltd supplies bottles, packages, and markets high-quality maple syrup and maple syrup products. Geographically the company generates the majority of its revenue from Canada.

THS Maple Holdings Headlines

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