VAGNF (Vegano Foods) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Vegano Foods 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. Vegano Foods's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Vegano Foods 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 Vegano Foods's Cash-to-Debt or its related term are showing as below:

VAGNF's Cash-to-Debt is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 0.54
* Ranked among companies with meaningful Cash-to-Debt only.

Vegano Foods Cash-to-Debt Historical Data

The historical data trend for Vegano Foods'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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Vegano Foods Cash-to-Debt Chart

Vegano Foods Annual Data

Trend

Dec20

Cash-to-Debt

4.19

Vegano Foods Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					18.29	11.40	2.75	0.25	0.25

Competitive Comparison of Vegano Foods's Cash-to-Debt

For the Packaged Foods subindustry, Vegano Foods'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.

Vegano Foods's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

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Vegano Foods 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.

Vegano Foods's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	1.777	/	(0.424	+	0)
	=	4.19

Vegano Foods'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)
	=	0.001	/	(0.004	+	0)
	=	0.25

Vegano Foods (OTCPK:VAGNF) 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.

Vegano Foods Cash-to-Debt Related Terms

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Vegano Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vegano Foods Inc (OTCPK:VAGNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1040 West Georgia Street, Unit 415, Vancouver, BC, CAN, V6E 4H1

Website

https://www.veganofoods.com

Vegano Foods Inc is plant-based food technology. The Company's principal activity relates to the sales and delivery of vegan meal kits to end customers. The company has built a technology platform to support the ordering and preparation of meal kits and proprietary branded food products, including sauces, proteins, and soups.

Vegano Foods Headlines

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