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SMG (The Scotts Miracle Gro Co) Cash-to-Debt : 0.11 (As of Jun. 2024)


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What is The Scotts Miracle Gro 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. The Scotts Miracle Gro Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.11.

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, The Scotts Miracle Gro Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for The Scotts Miracle Gro Co's Cash-to-Debt or its related term are showing as below:

SMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 0.11
Current: 0.11

During the past 13 years, The Scotts Miracle Gro Co's highest Cash to Debt Ratio was 0.11. The lowest was 0.00. And the median was 0.02.

SMG's Cash-to-Debt is ranked worse than
80.58% of 242 companies
in the Agriculture industry
Industry Median: 0.525 vs SMG: 0.11

The Scotts Miracle Gro Co Cash-to-Debt Historical Data

The historical data trend for The Scotts Miracle Gro 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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The Scotts Miracle Gro Co Cash-to-Debt Chart

The Scotts Miracle Gro Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.09 0.03 0.01

The Scotts Miracle Gro Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.01 0.01 - 0.02 0.11

Competitive Comparison of The Scotts Miracle Gro Co's Cash-to-Debt

For the Agricultural Inputs subindustry, The Scotts Miracle Gro 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.


The Scotts Miracle Gro Co's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, The Scotts Miracle Gro Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The Scotts Miracle Gro Co's Cash-to-Debt falls into.



The Scotts Miracle Gro 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.

The Scotts Miracle Gro Co's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

The Scotts Miracle Gro Co's Cash to Debt Ratio for the quarter that ended in Jun. 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.


The Scotts Miracle Gro Co  (NYSE:SMG) 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.


The Scotts Miracle Gro Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of The Scotts Miracle Gro Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


The Scotts Miracle Gro Co Business Description

Traded in Other Exchanges
Address
14111 Scottslawn Road, Marysville, OH, USA, 43041
Scotts Miracle-Gro is the largest purveyor of home lawn and gardening products in the us. The business consists of three reporting segments: us consumer, Hawthorne, and other. The us consumer segment consists of a broad range of lawncare products, including grass seed, fertilizer, and lawn-related weed, animal, and disease control. us consumer typically generates the vast majority of companywide revenue and profits. Hawthorne sells indoor gardening and hydroponic equipment, particularly to the cannabis growing industry, while the other segment primarily consists of lawn and gardening products sold in Canada. Its lawncare and gardening products are well-recognized brands in the us, including Scotts, Miracle-Gro, Roundup, Ortho, and Tomcat.
Executives
Nathan Eric Baxter 10 percent owner C/O HAGEDORN PARTNERSHIP, L.P., 800 PORT WASHINGTON BOULEVARD, PORT WASHINGTON NY 11050
Hagedorn Partnerships L P 10 percent owner SCOTTS MIRACLE-GRO PRODUCTS INC, 800 PORT WASHINGTON BLVD, PORT WASHINGTON NY 11050
Stephen L Johnson director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Nancy G. Mistretta director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Kelly Thomas N Jr director C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James Hagedorn director, 10 percent owner, officer: President and CEO C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Julie Demuesy officer: SVP, CHIEF HUMAN RESOURCES 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Mark D Kingdon director 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Edith Aviles director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Dimiter Todorov officer: EVP, GC & CORPORATE SECRETARY 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Matthew E Garth officer: EVP & CFO 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
David C Evans officer: EVP and CFO C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Peter E Shumlin director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Brian E Sandoval director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James D King officer: EVP and CCO 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041