Heineken Holding NV (Heineken Holding NV) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is Heineken Holding NV 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. Heineken Holding NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, Heineken Holding NV 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 Heineken Holding NV's Cash-to-Debt or its related term are showing as below:

HKHHY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.18 Max: 0.23
Current: 0.13

During the past 13 years, Heineken Holding NV's highest Cash to Debt Ratio was 0.23. The lowest was 0.06. And the median was 0.18.

HKHHY's Cash-to-Debt is ranked worse than
72.6% of 208 companies
in the Beverages - Alcoholic industry
Industry Median: 0.52 vs HKHHY: 0.13

Heineken Holding NV Cash-to-Debt Historical Data

The historical data trend for Heineken Holding NV'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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Heineken Holding NV Cash-to-Debt Chart

Heineken Holding NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

0.22

0.19

0.17

0.13

Heineken Holding NV 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															0.19	0.17	0.17	0.11	0.13

Competitive Comparison of Heineken Holding NV's Cash-to-Debt

For the Beverages - Brewers subindustry, Heineken Holding NV'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.

Heineken Holding NV's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Holding NV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Heineken Holding NV's Cash-to-Debt falls into.

Heineken Holding NV 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.

Heineken Holding NV's Cash to Debt Ratio for the fiscal year 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)
	=	2592.148	/	(4571.429	+	15317.339)
	=	0.13

Heineken Holding NV'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)
	=	2592.148	/	(4571.429	+	15317.339)
	=	0.13

Heineken Holding NV (OTCPK:HKHHY) 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.

Heineken Holding NV Cash-to-Debt Related Terms

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Heineken Holding NV (Heineken Holding NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Heineken Holding NV (OTCPK:HKHHY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HKHHF:USA HEIO:Netherlands HEIOa:UK 0NBD:UK 4H50:Germany HEIO:Austria

Address

Tweede Weteringplantsoen 5, Amsterdam, NH, NLD, 1017 ZD

Website

https://www.heinekenholding.com

Heineken Holding NV holds more than 50% of Heineken NV's issued shares. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. Heineken Holding NV has five segments: Europe, Americas, Africa, Middle East & Eastern Europe, and Asia-Pacific. Heineken NV brews and sells more than 200 brands of beer in nearly 200 countries. Notable brands include Heineken, Amstel, Dos Equis, Tecate, Goldberg, Red Stripe, Legunitas, and Tiger. Close to half of Heineken NV's revenue comes from Europe, and nearly one third of its revenue comes from the Americas. The remaining revenue is split among the Asia-Pacific, Africa, and Middle East and Eastern Europe regions.