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Neptune Technologies & Bioressources Inc  (NAS:NEPT) Cash-to-Debt: 0.41 (As of Jun. 2017)

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. Neptune Technologies & Bioressources Inc's cash to debt ratio for the quarter that ended in Jun. 2017 was 0.41.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Neptune Technologies & Bioressources Inc couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2017.

NAS:NEPT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Max: No Debt
Current: 0.41

During the past 13 years, Neptune Technologies & Bioressources Inc's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.75.

NAS:NEPT's Cash-to-Debt is ranked lower than
90% of the 1018 Companies
in the Global industry.

( Industry Median: 51.38 vs. NAS:NEPT: 0.41 )

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Neptune Technologies & Bioressources Inc Annual Data

May05 May06 May07 May08 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 2.86 15.30 2.93 1.90

Neptune Technologies & Bioressources Inc Quarterly Data

May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Jun17
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.40 0.45 0.37 0.41

Competitive Comparison
* 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.


Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Neptune Technologies & Bioressources Inc's Cash to Debt Ratio for the fiscal year that ended in Feb. 2015 is calculated as:

Neptune Technologies & Bioressources Inc's Cash to Debt Ratio for the quarter that ended in Jun. 2017 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.


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