Plant Veda Foods (XCNQ:MILK) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is Plant Veda Foods 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. Plant Veda Foods's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Plant Veda Foods couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XCNQ:MILK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.18 Max: 2.2
Current: 0.01

During the past 3 years, Plant Veda Foods's highest Cash to Debt Ratio was 2.20. The lowest was 0.01. And the median was 0.18.

XCNQ:MILK's Cash-to-Debt is ranked worse than
96.3% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.695 vs XCNQ:MILK: 0.01

Plant Veda Foods Cash-to-Debt Historical Data

The historical data trend for Plant Veda Foods'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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Plant Veda Foods Cash-to-Debt Chart

Plant Veda Foods Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

2.20

0.42

0.03

Plant Veda Foods Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									0.10	0.03	0.02	0.01	0.01

Competitive Comparison of Plant Veda Foods's Cash-to-Debt

For the Beverages - Non-Alcoholic subindustry, Plant Veda Foods'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.

Plant Veda Foods's Cash-to-Debt Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Plant Veda Foods's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Plant Veda Foods's Cash-to-Debt falls into.

Plant Veda Foods 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.

Plant Veda Foods's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.074	/	(0.215	+	2.657)
	=	0.03

Plant Veda Foods's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.037	/	(0.458	+	2.61)
	=	0.01

Plant Veda Foods (XCNQ:MILK) 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.

Plant Veda Foods Cash-to-Debt Related Terms

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Plant Veda Foods (XCNQ:MILK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Plant Veda Foods Ltd (XCNQ:MILK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PLVFF:USA 5RU:Germany

Address

14640 64 Avenue, Unit 313, Surrey, BC, CAN, V3S1X7

Website

https://www.plantveda.com

Plant Veda Foods Ltd offers plant-based beverages that blend natural products such as cashew, oats, coconut, pistachio, mango, pea protein, herbs and spices, and maple syrup to deliver dairy alternatives that stand out for their diverse nutritional profile and complexity of flavour.

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