Zemaitijos Pienas AB (OVSE:ZMP1L) Cash-to-Debt : 1.52 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Zemaitijos Pienas AB 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. Zemaitijos Pienas AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.52.

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, Zemaitijos Pienas AB 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 Zemaitijos Pienas AB's Cash-to-Debt or its related term are showing as below:

OVSE:ZMP1L' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 1.84 Max: No Debt
Current: 1.52

During the past 13 years, Zemaitijos Pienas AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 1.84.

OVSE:ZMP1L's Cash-to-Debt is ranked better than
67.78% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs OVSE:ZMP1L: 1.52

Zemaitijos Pienas AB Cash-to-Debt Historical Data

The historical data trend for Zemaitijos Pienas AB'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.

* Premium members only.

Zemaitijos Pienas AB Cash-to-Debt Chart

Zemaitijos Pienas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.66

2.15

0.66

0.06

1.52

Zemaitijos Pienas AB Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.66	0.12	0.06	0.34	1.52

Competitive Comparison of Zemaitijos Pienas AB's Cash-to-Debt

For the Packaged Foods subindustry, Zemaitijos Pienas AB'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.

Zemaitijos Pienas AB's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Zemaitijos Pienas AB's Cash-to-Debt falls into.

Zemaitijos Pienas AB 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.

Zemaitijos Pienas AB'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)
	=	18.118	/	(3.729	+	8.167)
	=	1.52

Zemaitijos Pienas AB'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)
	=	18.118	/	(3.729	+	8.167)
	=	1.52

Zemaitijos Pienas AB (OVSE:ZMP1L) 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.

Zemaitijos Pienas AB Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zemaitijos Pienas AB's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zemaitijos Pienas AB (OVSE:ZMP1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zemaitijos Pienas AB (OVSE:ZMP1L) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sedos Street. 35, Telsiai, LTU, 87101

Website

https://www.zpienas.lt

Zemaitijos Pienas AB, along with its subsidiaries is engaged in production and sale of dairy products. Its products include cheese and cheese products, pre-packaged cheese, cream, buttermilk products mixed spreads, milk fat, pasteurized cream, dried milk products, and fresh dairy products. The company markets its products under Dziugas, Germanto, Zemaitijos, Magija, Piknik, Rambyno, and Dobilas. Zemaitijos generates the majority of its revenue from Lithuania.

Zemaitijos Pienas AB (OVSE:ZMP1L) Headlines

No Headlines