Goodfood Market (TSX:FOOD) Cash-to-Debt : 0.42 (As of Feb. 2024)

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What is Goodfood Market 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. Goodfood Market's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.42.

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, Goodfood Market couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSX:FOOD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 2.25 Max: No Debt
Current: 0.42

During the past 9 years, Goodfood Market's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was 2.25.

TSX:FOOD's Cash-to-Debt is ranked worse than
55.34% of 103 companies
in the Personal Services industry
Industry Median: 0.56 vs TSX:FOOD: 0.42

Goodfood Market Cash-to-Debt Historical Data

The historical data trend for Goodfood Market'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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Goodfood Market Cash-to-Debt Chart

Goodfood Market Annual Data

Trend

Dec15

Dec16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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1.69

1.76

1.25

0.34

0.42

Goodfood Market Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.39	0.48	0.42	0.43	0.42

Competitive Comparison of Goodfood Market's Cash-to-Debt

For the Personal Services subindustry, Goodfood Market'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.

Goodfood Market's Cash-to-Debt Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Cash-to-Debt distribution charts can be found below:

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

Goodfood Market 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.

Goodfood Market's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	24.925	/	(6.898	+	52.254)
	=	0.42

Goodfood Market's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	23.712	/	(4.778	+	52.39)
	=	0.41

Goodfood Market (TSX:FOOD) 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.

Goodfood Market Cash-to-Debt Related Terms

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

Goodfood Market (TSX:FOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (TSX:FOOD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GDDFF:USA 76O:Germany

Address

4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2

Website

https://www.makegoodfood.ca

Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.

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