Calavo Growers (FRA:XGW) Cash-to-Debt : 0.08 (As of Jan. 2024)

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What is Calavo Growers 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. Calavo Growers's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.08.

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, Calavo Growers couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

FRA:XGW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 1.29
Current: 0.08

During the past 13 years, Calavo Growers's highest Cash to Debt Ratio was 1.29. The lowest was 0.00. And the median was 0.10.

FRA:XGW's Cash-to-Debt is ranked worse than
85.44% of 309 companies
in the Retail - Defensive industry
Industry Median: 0.45 vs FRA:XGW: 0.08

Calavo Growers Cash-to-Debt Historical Data

The historical data trend for Calavo Growers'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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Calavo Growers Cash-to-Debt Chart

Calavo Growers Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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1.29

0.04

0.02

0.03

0.02

Calavo Growers Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.05	0.01	0.02	0.08

Competitive Comparison of Calavo Growers's Cash-to-Debt

For the Food Distribution subindustry, Calavo Growers'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.

Calavo Growers's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Calavo Growers's Cash-to-Debt distribution charts can be found below:

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

Calavo Growers 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.

Calavo Growers's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	1.98	/	(8.819	+	84.738)
	=	0.02

Calavo Growers's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	5.194	/	(4.784	+	60.456)
	=	0.08

Calavo Growers (FRA:XGW) 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.

Calavo Growers Cash-to-Debt Related Terms

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

Calavo Growers (FRA:XGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Calavo Growers Inc (FRA:XGW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CVGW:USA

Address

1141-A Cummings Road, Santa Paula, CA, USA, 93060

Website

http://www.calavo.com

Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. The company derives its revenue from its Fresh products segment.

Calavo Growers (FRA:XGW) Headlines

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