Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Cash-to-Debt

: 0.99 (As of Sep. 2023)

View and export this data going back to 1998. Start your Free Trial

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. Fomento Economico MexicanoB de CV's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.99.

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, Fomento Economico MexicanoB de CV couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Fomento Economico MexicanoB de CV's Cash-to-Debt or its related term are showing as below:

FMX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.48 Max: 0.99
Current: 0.94

During the past 13 years, Fomento Economico MexicanoB de CV's highest Cash to Debt Ratio was 0.99. The lowest was 0.29. And the median was 0.48.

FMX's Cash-to-Debt is ranked better than
56.52% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 0.54 vs FMX: 0.94

Fomento Economico MexicanoB de CV Cash-to-Debt Historical Data

The historical data trend for Fomento Economico MexicanoB de CV'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.

* Premium members only.

Fomento Economico MexicanoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.45

0.44

0.48

0.29

0.94

Fomento Economico MexicanoB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.29	0.80	0.71	0.99	0.94

Competitive Comparison

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV Cash-to-Debt Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Cash-to-Debt falls into.

Fomento Economico MexicanoB de CV 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.

Fomento Economico MexicanoB de CV's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	4282.417	/	(1561.141	+	13060.217)
	=	0.29

Fomento Economico MexicanoB de CV's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	13433.973	/	(1190.718	+	12375.066)
	=	0.99

Fomento Economico MexicanoB de CV (NYSE:FMX) 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.

Fomento Economico MexicanoB de CV Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Fomento Economico MexicanoB de CV's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (NYSE:FMX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FEMSAUB:Mexico FEMSAUBD:Mexico FOMC:Germany FOMA:Germany FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.