Beyond Oil (XCNQ:BOIL) Cash-to-Debt : 1.30 (As of Dec. 2023)

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What is Beyond Oil 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. Beyond Oil's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.30.

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, Beyond Oil 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 Beyond Oil's Cash-to-Debt or its related term are showing as below:

XCNQ:BOIL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 1.3 Max: 1.53
Current: 1.3

During the past 3 years, Beyond Oil's highest Cash to Debt Ratio was 1.53. The lowest was 0.32. And the median was 1.30.

XCNQ:BOIL's Cash-to-Debt is ranked better than
65.53% of 1793 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs XCNQ:BOIL: 1.30

Beyond Oil Cash-to-Debt Historical Data

The historical data trend for Beyond Oil'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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Beyond Oil Cash-to-Debt Chart

Beyond Oil Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.32

1.53

1.30

Beyond Oil Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								10.76	1.53	10.56	3.50	1.30

Competitive Comparison of Beyond Oil's Cash-to-Debt

For the Packaged Foods subindustry, Beyond Oil'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.

Beyond Oil's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Oil's Cash-to-Debt distribution charts can be found below:

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

Beyond Oil 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.

Beyond Oil'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)
	=	0.551	/	(0.377	+	0.047)
	=	1.30

Beyond Oil'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)
	=	0.551	/	(0.377	+	0.047)
	=	1.30

Beyond Oil (XCNQ:BOIL) 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.

Beyond Oil Cash-to-Debt Related Terms

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Beyond Oil (XCNQ:BOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Oil Ltd (XCNQ:BOIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BEOLF:USA

Address

1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4

Website

https://www.beyondoil.co

Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.

Executives

Robert Jalun Kiesman	Director, Senior Officer
Jonathan Or	Director, Senior Officer