Ocean Harvest Technology Group (LSE:OHT) Cash-to-Debt : 2.80 (As of Jun. 2024)

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What is Ocean Harvest Technology Group 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. Ocean Harvest Technology Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.80.

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, Ocean Harvest Technology Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Ocean Harvest Technology Group's Cash-to-Debt or its related term are showing as below:

LSE:OHT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 2.49 Max: 54.61
Current: 2.8

During the past 4 years, Ocean Harvest Technology Group's highest Cash to Debt Ratio was 54.61. The lowest was 0.41. And the median was 2.49.

LSE:OHT's Cash-to-Debt is ranked better than
74.58% of 1861 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs LSE:OHT: 2.80

Ocean Harvest Technology Group Cash-to-Debt Historical Data

The historical data trend for Ocean Harvest Technology Group'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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Ocean Harvest Technology Group Cash-to-Debt Chart

Ocean Harvest Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.41

2.18

0.41

54.61

Ocean Harvest Technology Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.41	41.23	54.61	2.80

Competitive Comparison of Ocean Harvest Technology Group's Cash-to-Debt

For the Packaged Foods subindustry, Ocean Harvest Technology Group'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.

Ocean Harvest Technology Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean Harvest Technology Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ocean Harvest Technology Group's Cash-to-Debt falls into.

Ocean Harvest Technology Group 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.

Ocean Harvest Technology Group'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)
	=	2.239	/	(0.041	+	0)
	=	54.61

Ocean Harvest Technology Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.908	/	(0.101	+	0.223)
	=	2.80

Ocean Harvest Technology Group (LSE:OHT) 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.

Ocean Harvest Technology Group Cash-to-Debt Related Terms

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Ocean Harvest Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean Harvest Technology Group PLC (LSE:OHT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 London Road, Castle Court, Reigate, GBR, RH2 9RJ

Website

https://www.oceanharvesttechnology.com

Ocean Harvest Technology Group PLC is a commercial-scale producer of seaweed blend ingredients for the animal feed market. It produces seaweed blend ingredients for animal feed under the brand name OceanFeed feed ingredients for multiple species of animals.

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