Wide Open Agriculture (ASX:WOA) Cash-to-Debt : 1.26 (As of Dec. 2023)

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What is Wide Open Agriculture 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. Wide Open Agriculture's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.26.

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, Wide Open Agriculture 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 Wide Open Agriculture's Cash-to-Debt or its related term are showing as below:

ASX:WOA' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.26 Med: 4.93 Max: 22.02
Current: 1.26

During the past 5 years, Wide Open Agriculture's highest Cash to Debt Ratio was 22.02. The lowest was 1.26. And the median was 4.93.

ASX:WOA's Cash-to-Debt is ranked better than
65.19% of 1856 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs ASX:WOA: 1.26

Wide Open Agriculture Cash-to-Debt Historical Data

The historical data trend for Wide Open Agriculture'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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Wide Open Agriculture Cash-to-Debt Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

4.01

8.60

6.06

6.17

2.17

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							12.98	6.17	3.84	2.17	1.26

Competitive Comparison of Wide Open Agriculture's Cash-to-Debt

For the Packaged Foods subindustry, Wide Open Agriculture'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.

Wide Open Agriculture's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wide Open Agriculture's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wide Open Agriculture's Cash-to-Debt falls into.

Wide Open Agriculture 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.

Wide Open Agriculture'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)
	=	5.872	/	(0.63	+	2.082)
	=	2.17

Wide Open Agriculture'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)
	=	4.204	/	(0.773	+	2.563)
	=	1.26

Wide Open Agriculture (ASX:WOA) 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.

Wide Open Agriculture Cash-to-Debt Related Terms

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

Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

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