Fix Price Group (LSE:FIXP) Cash-to-Debt : 1.31 (As of Dec. 2023)

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What is Fix Price Group 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. Fix Price Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.31.

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, Fix Price Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:FIXP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 1.03 Max: 11.74
Current: 1.31

During the past 7 years, Fix Price Group's highest Cash to Debt Ratio was 11.74. The lowest was 0.27. And the median was 1.03.

LSE:FIXP's Cash-to-Debt is ranked better than
70.92% of 306 companies
in the Retail - Defensive industry
Industry Median: 0.46 vs LSE:FIXP: 1.31

Fix Price Group Cash-to-Debt Historical Data

The historical data trend for Fix Price Group'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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Fix Price Group Cash-to-Debt Chart

Fix Price Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.93

1.03

0.27

0.68

1.31

Fix Price Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.27	0.23	0.68	0.89	1.31

Competitive Comparison of Fix Price Group's Cash-to-Debt

For the Discount Stores subindustry, Fix Price Group'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.

Fix Price Group's Cash-to-Debt Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Fix Price Group's Cash-to-Debt falls into.

Fix Price Group 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.

Fix Price Group'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)
	=	413.865	/	(208.622	+	106.938)
	=	1.31

Fix Price Group'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)
	=	413.865	/	(208.622	+	106.938)
	=	1.31

Fix Price Group (LSE:FIXP) 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.

Fix Price Group Cash-to-Debt Related Terms

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

Fix Price Group (LSE:FIXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fix Price Group PLC (LSE:FIXP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makariou III & Vyronos Street, P. Lordos Center building, Block B, 1st floor, Office 102, Limassol, CYP, 3105

Website

https://ir.fix-price.com

Fix Price Group PLC is a low-price value retailer. Its categories include ambient food and drink, household goods, and cosmetics and hygiene items. Its retail operations are conducted through a chain of convenience stores, located in the Russian Federation, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia, and Kyrgyzstan The group is also engaged in wholesale operations by servicing a number of franchises that operate in distant regions of the Russian Federation, as well as in a number of international geographies.

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