Happy Belly Food Group (XCNQ:HBFG) Cash-to-Debt : 0.30 (As of Dec. 2023)

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What is Happy Belly Food 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. Happy Belly Food Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.30.

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, Happy Belly Food Group 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 Happy Belly Food Group's Cash-to-Debt or its related term are showing as below:

XCNQ:HBFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 59.09 Max: No Debt
Current: 0.3

During the past 8 years, Happy Belly Food Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.30. And the median was 59.09.

XCNQ:HBFG's Cash-to-Debt is ranked worse than
61.24% of 1793 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs XCNQ:HBFG: 0.30

Happy Belly Food Group Cash-to-Debt Historical Data

The historical data trend for Happy Belly Food 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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Happy Belly Food Group Cash-to-Debt Chart

Happy Belly Food Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

59.09

2.99

0.40

0.30

Happy Belly Food Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.66	0.40	0.63	0.32	0.30

Competitive Comparison of Happy Belly Food Group's Cash-to-Debt

For the Packaged Foods subindustry, Happy Belly Food 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.

Happy Belly Food Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Happy Belly Food Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Happy Belly Food Group's Cash-to-Debt falls into.

Happy Belly Food 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.

Happy Belly Food 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)
	=	1.578	/	(0.279	+	5.064)
	=	0.30

Happy Belly Food 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)
	=	1.578	/	(0.279	+	5.064)
	=	0.30

Happy Belly Food Group (XCNQ:HBFG) 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.

Happy Belly Food Group Cash-to-Debt Related Terms

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Happy Belly Food Group (XCNQ:HBFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Happy Belly Food Group Inc (XCNQ:HBFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VGANF:USA W3J:Germany

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.happybellyfg.com

Happy Belly Food Group Inc is a quick-serve restaurant and consumer packaged goods wellness company bringing delicious foods and retail brands to customers. The Company has two operating segments which are Consumer product goods and Quick restaurant services. The consumer product goods currently consist of two brands namely, Holy Crap which produces and sells breakfast cereal and related food products, and Lumber Heads which produces and sells snack foods. The Company operates a number of plant-based restaurants namely Yamchops, Heal Lifestyle, and Lettuce Love.

Executives

Mark Rechichi	Director
Sean Black	Director, Senior Officer

Happy Belly Food Group (XCNQ:HBFG) Headlines

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