Argo Living Soils (XCNQ:ARGO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is Argo Living Soils 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. Argo Living Soils's cash to debt ratio for the quarter that ended in Nov. 2023 was No Debt ⁽¹⁾.

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, Argo Living Soils could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(1) 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.

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

XCNQ:ARGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.4 Med: 15.78 Max: No Debt
Current: 24.75

During the past 4 years, Argo Living Soils's highest Cash to Debt Ratio was No Debt. The lowest was 8.40. And the median was 15.78.

XCNQ:ARGO's Cash-to-Debt is ranked better than
87.7% of 244 companies
in the Agriculture industry
Industry Median: 0.675 vs XCNQ:ARGO: 24.75

Argo Living Soils Cash-to-Debt Historical Data

The historical data trend for Argo Living Soils'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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Argo Living Soils Cash-to-Debt Chart

Argo Living Soils Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

12.38

19.18

8.40

No Debt

Argo Living Soils Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial										8.40	5.14	60.00	No Debt	No Debt

Competitive Comparison of Argo Living Soils's Cash-to-Debt

For the Agricultural Inputs subindustry, Argo Living Soils'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.

Argo Living Soils's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Argo Living Soils's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Argo Living Soils's Cash-to-Debt falls into.

Argo Living Soils 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.

Argo Living Soils's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Argo Living Soils had no debt ⁽¹⁾.

Argo Living Soils's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Argo Living Soils had no debt ⁽¹⁾.

Argo Living Soils (XCNQ:ARGO) 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.

Argo Living Soils Cash-to-Debt Related Terms

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Argo Living Soils (XCNQ:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Argo Living Soils Corp (XCNQ:ARGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ARLSF:USA

Address

1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://argolivingsoils.com

Argo Living Soils Corp is an agribusiness company specializing in producing and developing organic products including soil amendments, living soils, bio-fertilizers, vermicompost, and compost tea kits formulated specifically for high-value crops.

Executives

Robert Carlo Intile

Director