PRO-PAC Packaging (ASX:PPG) Cash-to-Debt : 0.05 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is PRO-PAC Packaging 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. PRO-PAC Packaging's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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, PRO-PAC Packaging 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 PRO-PAC Packaging's Cash-to-Debt or its related term are showing as below:

ASX:PPG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.49
Current: 0.05

During the past 13 years, PRO-PAC Packaging's highest Cash to Debt Ratio was 0.49. The lowest was 0.01. And the median was 0.14.

ASX:PPG's Cash-to-Debt is ranked worse than
89.47% of 380 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs ASX:PPG: 0.05

PRO-PAC Packaging Cash-to-Debt Historical Data

The historical data trend for PRO-PAC Packaging'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.

PRO-PAC Packaging Cash-to-Debt Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.22

0.19

0.10

0.05

0.21

PRO-PAC Packaging 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															0.01	0.05	0.06	0.21	0.05

Competitive Comparison of PRO-PAC Packaging's Cash-to-Debt

For the Packaging & Containers subindustry, PRO-PAC Packaging'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.

PRO-PAC Packaging's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Cash-to-Debt falls into.

PRO-PAC Packaging 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.

PRO-PAC Packaging'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)
	=	10.805	/	(24.802	+	28.01)
	=	0.20

PRO-PAC Packaging'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)
	=	2.518	/	(28.225	+	23.882)
	=	0.05

PRO-PAC Packaging (ASX:PPG) 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.

PRO-PAC Packaging Cash-to-Debt Related Terms

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

PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.