Coles Group (ASX:COL) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is Coles 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. Coles Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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

ASX:COL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.64
Current: 0.12

During the past 6 years, Coles Group's highest Cash to Debt Ratio was 0.64. The lowest was 0.06. And the median was 0.10.

ASX:COL's Cash-to-Debt is ranked worse than
79.29% of 309 companies
in the Retail - Defensive industry
Industry Median: 0.45 vs ASX:COL: 0.12

Coles Group Cash-to-Debt Historical Data

The historical data trend for Coles 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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Coles Group Cash-to-Debt Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.64

0.10

0.08

0.06

0.07

Coles Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.11	0.06	0.08	0.07	0.12

Competitive Comparison of Coles Group's Cash-to-Debt

For the Grocery Stores subindustry, Coles 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.

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

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

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

Coles 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.

Coles Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	597	/	(820	+	8147)
	=	0.07

Coles 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)
	=	1092	/	(815	+	8576)
	=	0.12

Coles Group (ASX:COL) 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.

Coles Group Cash-to-Debt Related Terms

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Coles Group (ASX:COL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (ASX:COL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CLEGF:USA 2OF:Germany

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

Coles Group Limited is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of about 2,500 store outlets and roughly 80% of Australian live within a 10-minute drive from their nearest Coles store. The retailer employs some 110,000 people, who process over 20 million individual customer transactions a week. This compares with Woolworths processing almost 30 million customer transactions per week from Australia's population of 25 million.