Horizon Foods Co (SAU:9564) Cash-to-Debt : 11.41 (As of Dec. 2023)

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What is Horizon Foods Co 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. Horizon Foods Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.41.

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, Horizon Foods Co 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 Horizon Foods Co's Cash-to-Debt or its related term are showing as below:

SAU:9564' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.23 Med: 7.32 Max: 11.41
Current: 11.41

During the past 2 years, Horizon Foods Co's highest Cash to Debt Ratio was 11.41. The lowest was 3.23. And the median was 7.32.

SAU:9564's Cash-to-Debt is ranked better than
83.88% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SAU:9564: 11.41

Horizon Foods Co Cash-to-Debt Historical Data

The historical data trend for Horizon Foods Co'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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Horizon Foods Co Cash-to-Debt Chart

Horizon Foods Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

3.23

11.41

Horizon Foods Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	N/A	3.23	1.76	11.41

Competitive Comparison of Horizon Foods Co's Cash-to-Debt

For the Packaged Foods subindustry, Horizon Foods Co'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.

Horizon Foods Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Horizon Foods Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Horizon Foods Co's Cash-to-Debt falls into.

Horizon Foods Co 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.

Horizon Foods Co'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)
	=	6.859	/	(0.033	+	0.568)
	=	11.41

Horizon Foods Co'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)
	=	6.859	/	(0.033	+	0.568)
	=	11.41

Horizon Foods Co (SAU:9564) 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.

Horizon Foods Co Cash-to-Debt Related Terms

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Horizon Foods Co (SAU:9564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horizon Foods Co (SAU:9564) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Industrial Area Zone G, Dammam, SAU

Website

https://www.horizonfood.sa

Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

Horizon Foods Co (SAU:9564) Headlines

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