Lanka Milk Foods (CWE) (COL:LMF.N0000) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Lanka Milk Foods (CWE) 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. Lanka Milk Foods (CWE)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, Lanka Milk Foods (CWE) 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 Lanka Milk Foods (CWE)'s Cash-to-Debt or its related term are showing as below:

COL:LMF.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.27 Max: 1.4
Current: 0.04

During the past 13 years, Lanka Milk Foods (CWE)'s highest Cash to Debt Ratio was 1.40. The lowest was 0.04. And the median was 0.27.

COL:LMF.N0000's Cash-to-Debt is ranked worse than
89.9% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs COL:LMF.N0000: 0.04

Lanka Milk Foods (CWE) Cash-to-Debt Historical Data

The historical data trend for Lanka Milk Foods (CWE)'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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Lanka Milk Foods (CWE) Cash-to-Debt Chart

Lanka Milk Foods (CWE) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.22

0.12

0.18

0.31

0.04

Lanka Milk Foods (CWE) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.04	0.04	0.05	0.04

Competitive Comparison of Lanka Milk Foods (CWE)'s Cash-to-Debt

For the Packaged Foods subindustry, Lanka Milk Foods (CWE)'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.

Lanka Milk Foods (CWE)'s Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lanka Milk Foods (CWE)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lanka Milk Foods (CWE)'s Cash-to-Debt falls into.

Lanka Milk Foods (CWE) 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.

Lanka Milk Foods (CWE)'s Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	209.578	/	(2544.471	+	2706.838)
	=	0.04

Lanka Milk Foods (CWE)'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)
	=	291.212	/	(4326.578	+	2446.582)
	=	0.04

Lanka Milk Foods (CWE) (COL:LMF.N0000) 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.

Lanka Milk Foods (CWE) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Lanka Milk Foods (CWE)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lanka Milk Foods (CWE) PLC (COL:LMF.N0000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 579/1, Welisara, Ragama, LKA

Website

https://www.lmfgroup.lk

Lanka Milk Foods (CWE) PLC is engaged in the business of importing, packing, manufacturing, marketing, and distributing milk allied products. The company's operating segment includes Powdered Milk; Liquid Milk and Others, Agriculture and Trading. It generates maximum revenue from the Liquid Milk and Others segment. The Liquid Milk and Others segment includes the operating chain of packing and selling of UHT products, Daily, Ambewela Farm Fresh Milk, and fruit juice.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Headlines

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