Brown-Forman (Brown-Forman) Cash-to-Debt

: 0.17 (As of Jan. 2024)

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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. Brown-Forman's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.17.

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, Brown-Forman couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Brown-Forman's Cash-to-Debt or its related term are showing as below:

BF.B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.17 Max: 0.47
Current: 0.17

During the past 13 years, Brown-Forman's highest Cash to Debt Ratio was 0.47. The lowest was 0.08. And the median was 0.17.

BF.B's Cash-to-Debt is ranked worse than
67.63% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 0.54 vs BF.B: 0.17

Brown-Forman Cash-to-Debt Historical Data

The historical data trend for Brown-Forman'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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Brown-Forman Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

0.12

0.26

0.45

0.38

0.13

Brown-Forman Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.14	0.13	0.14	0.12	0.17

Competitive Comparison

For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.

Brown-Forman Cash-to-Debt Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Brown-Forman's Cash-to-Debt falls into.

Brown-Forman 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.

Brown-Forman's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	374	/	(235	+	2678)
	=	0.13

Brown-Forman's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	589	/	(728	+	2678)
	=	0.17

Brown-Forman (NYSE:BF.B) 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.

Brown-Forman Cash-to-Debt Related Terms

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Brown-Forman (Brown-Forman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Brown-Forman Corp (NYSE:BF.B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BF.A:USA BF5A:Germany BF5B:Germany BF5B:Germany

Address

850 Dixie Highway, Louisville, KY, USA, 40210

Website

https://www.brown-forman.com

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

Executives

Elizabeth M Brown	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Elizabeth A Smith	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark A. Clouse	director	C/O MONDELEZ INTERNATIONAL, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Jeremy J Shepherd	officer: VP, Pres, USA & Canada	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Crystal L Peterson	officer: SVP, Chief Inclusion Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Jan Singer	director	2 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10016
Timothy M Nall	officer: SVP CIO	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Leanne D Cunningham	officer: SVP, Chief Fin Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Matias Bentel	officer: SVP, Chief Brands Officer	850 DIXIE HWY, LOUISVILLE KY 40210
Kelli Nelson	officer: SVP, Chief Accounting Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Mike J. Keyes	officer: SVP, Chief Corporate Affairs	850 DIXIE HWY, LOUISVILLE KY 40210
Tracy L Skeans	director	1441 GARDINER LANE, LOUISVILLE KY 40213
John V. Hayes	officer: SVP, Chief Marketing Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Michael Andrew Masick	officer: VP DIR CORP STRATEGY	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kathleen M. Gutmann	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328