Top Shelf International Holdings (ASX:TSI) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Top Shelf International 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. Top Shelf International Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Top Shelf International 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 Top Shelf International Holdings's Cash-to-Debt or its related term are showing as below:

ASX:TSI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.43 Max: 1.42
Current: 0.09

During the past 4 years, Top Shelf International Holdings's highest Cash to Debt Ratio was 1.42. The lowest was 0.07. And the median was 0.43.

ASX:TSI's Cash-to-Debt is ranked worse than
78.57% of 210 companies
in the Beverages - Alcoholic industry
Industry Median: 0.52 vs ASX:TSI: 0.09

Top Shelf International Holdings Cash-to-Debt Historical Data

The historical data trend for Top Shelf International 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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Top Shelf International Holdings Cash-to-Debt Chart

Top Shelf International Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

2.12

0.43

0.65

0.07

Top Shelf International Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			1.27	0.65	0.17	0.07	0.09

Competitive Comparison of Top Shelf International Holdings's Cash-to-Debt

For the Beverages - Brewers subindustry, Top Shelf International 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.

Top Shelf International Holdings's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Top Shelf International Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Top Shelf International Holdings's Cash-to-Debt falls into.

Top Shelf International 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.

Top Shelf International 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)
	=	2.855	/	(33.291	+	6.55)
	=	0.07

Top Shelf International 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)
	=	2.786	/	(24.054	+	6.311)
	=	0.09

Top Shelf International Holdings (ASX:TSI) 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.

Top Shelf International Holdings Cash-to-Debt Related Terms

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Top Shelf International Holdings (ASX:TSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Top Shelf International Holdings Ltd (ASX:TSI) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

16-18 National Boulevard, Campbellfield, VIC, AUS, 3061

Website

https://www.topshelfgroup.com.au

Top Shelf International Holdings Ltd is a beverages manufacturer and distributor in Australia. The company's beverage manufacturing capability includes spirit distillation, maturation, mixing, carbonation along with canning and glass and PET bottling lines for supply into domestic and international markets of non-alcoholic and alcoholic beverages.