The Vita Coco Co (The Vita Coco Co) Cash-to-Debt : 109.08 (As of Dec. 2023)

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What is The Vita Coco Co 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. The Vita Coco Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 109.08.

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, The Vita Coco Co 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 The Vita Coco Co's Cash-to-Debt or its related term are showing as below:

COCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.17 Med: 25.1 Max: 377.5
Current: 109.08

During the past 5 years, The Vita Coco Co's highest Cash to Debt Ratio was 377.50. The lowest was 2.17. And the median was 25.10.

COCO's Cash-to-Debt is ranked better than
90.57% of 106 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.77 vs COCO: 109.08

The Vita Coco Co Cash-to-Debt Historical Data

The historical data trend for The Vita Coco Co'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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The Vita Coco Co Cash-to-Debt Chart

The Vita Coco Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.17

2.88

377.50

25.10

109.08

The Vita Coco Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											25.10	676.28	1,296.43	3,162.83	109.08

Competitive Comparison of The Vita Coco Co's Cash-to-Debt

For the Beverages - Non-Alcoholic subindustry, The Vita Coco Co'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.

The Vita Coco Co's Cash-to-Debt Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Vita Coco Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The Vita Coco Co's Cash-to-Debt falls into.

The Vita Coco Co 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.

The Vita Coco Co'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)
	=	132.537	/	(1.202	+	0.013)
	=	109.08

The Vita Coco Co'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)
	=	132.537	/	(1.202	+	0.013)
	=	109.08

The Vita Coco Co (NAS:COCO) 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.

The Vita Coco Co Cash-to-Debt Related Terms

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The Vita Coco Co (The Vita Coco Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Vita Coco Co Inc (NAS:COCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

85E:Germany 85E:Germany

Address

250 Park Avenue South, Seventh Floor, New York, NY, USA, 10003

Website

https://www.thevitacococompany.com

The Vita Coco Co Inc is a plant-based functional hydration platform. Its products include Vita Coco Coconut Water, Private Label including coconut water and oil, and Other including Runa and Ever & Ever product offerings, Vita Coco product extensions beyond coconut water, such as Vita Coco Sparkling, coconut milk products, and others. Geographical presence of the company is United States, Canada, Europe, Middle East, Africa, and the Asia Pacific regions.

Executives

Michael Kirban	director, officer: See Remarks	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Ira Liran	director, officer: See Remarks	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Rowena Ricalde	officer: Interim CFO	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Jonathan Burth	officer: Chief Operating Officer	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Jane Prior	officer: Chief Marketing Officer	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Es Charles Van	officer: Chief Sales Officer	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Beverages Sa Verlinvest	10 percent owner	PLACE EUGENE FLAGEY 18, BRUSSELS C9 B-1050
Eric Melloul	director, 10 percent owner	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Aishetu Fatima Dozie	director	2550 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Baker Corey	officer: Chief Financial Officer	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, 7TH FLOOR, NEW YORK NY 10003
Kenneth Sadowsky	director	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Kevin Benmoussa	officer: Chief Financial Officer	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Martin F Roper	director, officer: See Remarks
Axelle Henry	director, 10 percent owner	C/O THE VITA COCO COMPANY, INC., 250 PARK AVENUE SOUTH, SEVENTH FLOOR, NEW YORK NY 10003
Rw Vc S.a.r.l.	10 percent owner	11 AVENUE DE LA PORTE-NEUVE, LUXEMBOURG N4 2227