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FMX (Fomento Economico MexicanoB de CV) Cash-to-Debt : 0.71 (As of Sep. 2024)


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What is Fomento Economico MexicanoB de CV 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. Fomento Economico MexicanoB de CV's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.71.

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, Fomento Economico MexicanoB de CV couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Fomento Economico MexicanoB de CV's Cash-to-Debt or its related term are showing as below:

FMX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29   Med: 0.49   Max: 0.84
Current: 0.71

During the past 13 years, Fomento Economico MexicanoB de CV's highest Cash to Debt Ratio was 0.84. The lowest was 0.29. And the median was 0.49.

FMX's Cash-to-Debt is ranked better than
55.02% of 209 companies
in the Beverages - Alcoholic industry
Industry Median: 0.41 vs FMX: 0.71

Fomento Economico MexicanoB de CV Cash-to-Debt Historical Data

The historical data trend for Fomento Economico MexicanoB de CV'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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Fomento Economico MexicanoB de CV Cash-to-Debt Chart

Fomento Economico MexicanoB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.44 0.48 0.29 0.82

Fomento Economico MexicanoB de CV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.82 0.80 0.71 0.71

Competitive Comparison of Fomento Economico MexicanoB de CV's Cash-to-Debt

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.


Fomento Economico MexicanoB de CV's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Cash-to-Debt falls into.



Fomento Economico MexicanoB de CV 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.

Fomento Economico MexicanoB de CV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Fomento Economico MexicanoB de CV's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Fomento Economico MexicanoB de CV  (NYSE:FMX) 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.


Fomento Economico MexicanoB de CV Cash-to-Debt Related Terms

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Fomento Economico MexicanoB de CV Business Description

Address
General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 75% of total company revenue and around 90% of profits in 2023.