Jeronimo Martins SGPS (Jeronimo Martins SGPS) Cash-to-Debt : 0.50 (As of Dec. 2023)

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What is Jeronimo Martins SGPS 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. Jeronimo Martins SGPS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.50.

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, Jeronimo Martins SGPS 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 Jeronimo Martins SGPS's Cash-to-Debt or its related term are showing as below:

JRONY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.59 Max: 1.9
Current: 0.5

During the past 13 years, Jeronimo Martins SGPS's highest Cash to Debt Ratio was 1.90. The lowest was 0.30. And the median was 0.59.

JRONY's Cash-to-Debt is ranked better than
53.87% of 310 companies
in the Retail - Defensive industry
Industry Median: 0.45 vs JRONY: 0.50

Jeronimo Martins SGPS Cash-to-Debt Historical Data

The historical data trend for Jeronimo Martins SGPS'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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Jeronimo Martins SGPS Cash-to-Debt Chart

Jeronimo Martins SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

0.37

0.54

0.57

0.50

Jeronimo Martins SGPS 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															0.57	0.48	0.38	0.46	0.50

Competitive Comparison of Jeronimo Martins SGPS's Cash-to-Debt

For the Food Distribution subindustry, Jeronimo Martins SGPS'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.

Jeronimo Martins SGPS's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jeronimo Martins SGPS's Cash-to-Debt falls into.

Jeronimo Martins SGPS 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.

Jeronimo Martins SGPS'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)
	=	2260.632	/	(1106.87	+	3416.576)
	=	0.50

Jeronimo Martins SGPS'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)
	=	2260.632	/	(1106.87	+	3416.576)
	=	0.50

Jeronimo Martins SGPS (OTCPK:JRONY) 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.

Jeronimo Martins SGPS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jeronimo Martins SGPS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jeronimo Martins SGPS (Jeronimo Martins SGPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Jeronimo Martins SGPS SA (OTCPK:JRONY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JRONF:USA JMT:Portugal JMT:Poland JMTu:UK 0EXG:UK JEM:Germany

Address

Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033

Website

https://www.jeronimomartins.com

Jeronimo Martins SGPS SA operates in food distribution, agribusiness, and other businesses. The food distribution business is the group's main activity, which consists of retail and wholesale operations under the brand's Pingo Doce and Recheio in Portugal, Poland, and Colombia. The group has five segments. Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets), Portugal Cash & Carry: includes the wholesale business unit Recheio, Poland Retail: the business unit which operates under the Biedronka banner, Colombia Retail: the business unit which operates under Ara banner, & Others, eliminations and adjustments. The majority of revenue is derived from the Poland retail segment.

Jeronimo Martins SGPS (Jeronimo Martins SGPS) Headlines

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