Foresta Group Holdings (ASX:FGH) Cash-to-Debt : 0.56 (As of Dec. 2023)

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What is Foresta Group 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. Foresta Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.56.

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, Foresta Group Holdings 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 Foresta Group Holdings's Cash-to-Debt or its related term are showing as below:

ASX:FGH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 5000.54 Max: No Debt
Current: 0.56

During the past 13 years, Foresta Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 5000.54.

ASX:FGH's Cash-to-Debt is ranked worse than
56.21% of 1553 companies
in the Chemicals industry
Industry Median: 0.75 vs ASX:FGH: 0.56

Foresta Group Holdings Cash-to-Debt Historical Data

The historical data trend for Foresta Group 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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Foresta Group Holdings Cash-to-Debt Chart

Foresta Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.14

No Debt

0.14

0.16

0.90

Foresta Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.08	0.16	0.76	0.90	0.56

Competitive Comparison of Foresta Group Holdings's Cash-to-Debt

For the Specialty Chemicals subindustry, Foresta Group 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.

Foresta Group Holdings's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Foresta Group Holdings's Cash-to-Debt distribution charts can be found below:

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

Foresta Group 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.

Foresta Group Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	1.446	/	(0.154	+	1.447)
	=	0.90

Foresta Group Holdings'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)
	=	0.881	/	(0.178	+	1.384)
	=	0.56

Foresta Group Holdings (ASX:FGH) 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.

Foresta Group Holdings Cash-to-Debt Related Terms

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Foresta Group Holdings (ASX:FGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Foresta Group Holdings Ltd (ASX:FGH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 10/12 Kelly Court, Maryborough, QLD, AUS, 4650

Website

https://www.leafresources.com.au

Foresta Group Holdings Ltd is engaged in research and development of environmentally sustainable methods of extracting wood chemicals on an industrial level. The company has one operating segment, namely, the Commercialization of Technology and Development. The products of the company involve; Natural Wood turpentine, Natural Wood Rosin and Wood Pellets. The company generates its maximum revenue from Woodchips.