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Food Processing Industry Financial Strength Information
Financial Strength Information & Trends  
 


Category:   Period:  

Food Processing Industry 1 Q 4 Q 3 Q 2 Q 1 Q
  2023 2022 2022 2022 2022
Quick Ratio (TTM) 0.12 0.12 0.15 0.17 0.2
Quick Ratio Ranking # 90 # 84 # 93 # 94 # 91
Working Capital Ratio (TTM) 1.04 1 1.02 1.09 1.11
Working Capital Ratio Ranking # 82 # 76 # 85 # 79 # 83
Working Capital Per Revenue 0.01 - 0.01 0.02 0.03
Working Capital Per Revenue Ranking # 24 # 27 # 22 # 31 # 26
Leverage Ratio (TTM) 1.3 1.52 1.25 1.38 1.4
Leverage Ratio Ranking # 25 # 30 # 23 # 29 # 28
Total Debt to Equity (TTM) 0.68 0.83 0.24 0.06 0.07
Total Debt to Equity Ranking # 44 # 71 # 39 # 58 # 61
Interest Coverage (TTM) 10.38 13.9 8.82 9.26 8.61
Interest Coverage Ranking # 39 # 45 # 62 # 67 # 70
Debt Coverage (TTM) 0.3 0.4 0.75 3.82 3.69
Debt Coverage Ranking # 58 # 70 # 62 # 69 # 69

New: More Food Processing Industry historic financial strength information >>

Quick Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 1 Q 2023, Quick Ratio fell to 0.12 a new Food Processing Industry low.



Within Consumer Non Cyclical sector 6 other industries have achieved higher Quick Ratio. Quick Ratio total ranking fell in contrast to the previous quarter from 84 to 90.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 1 Q 2023
High Average Low
1.18 0.26 0.12
1. quarter 2016   4. quarter 2022

Quick Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 90


Other Quick Ratios
Compare Industry's quick ratio to Cxt's or S&P Constituent list of Food Processing Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for CXT's Competitors Definiton of Quick Ratio


Food Processing Industry Working Capital Ratio Statistics as of 1 Q 2023
 



Working Capital Ratio Statistics as of 1 Q 2023
High Average Low
1.93 1.27 1
1. quarter 2016   4. quarter 2022



Working Capital Ratio Comment
On the trailing twelve months basis Food Processing Industry's Current Assets grew by 1.06 % in the 1 Q 2023 sequentially, faster than Current Liabilities, this led to improvement in Industry's Working Capital Ratio to 1.04 in the 1 Q 2023, Working Capital Ratio remained below Food Processing Industry average.



Within Consumer Non Cyclical sector 4 other industries have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has deteriorated relative to the previous quarter from 76 to 82.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 5
Overall # 82

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Cxt's or S&P Constituent list of Food Processing Industry
Working Capital ratios for CXT's Competitors Definiton of Working Capital Ratio

Food Processing Industry Working Capital Per Revenue Statistics as of 1 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Food Processing Industry's Working Capital Per Revenue sequentially grew to 0.01 in the 1 Q 2023, below Industry average.



Within Consumer Non Cyclical sector 3 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking has improved to 24, from total ranking in previous quarter at 27.




Working Capital Per Revenue Statistics as of 1 Q 2023
High Average Low
0.09 0.04 -0.24
2. quarter 2016   1. quarter 2014


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 4
Overall # 24



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Cxt's or S&P Constituent list of Food Processing Industry
Return On Assets for Food Processing Industry Definiton of Working Capital Per Revenue



Food Processing Industry Leverage Ratio Statistics as of 1 Q 2023
 


Leverage Ratio Statistics as of 1 Q 2023
High Average Low
1.88 1.48 -0.33
4. quarter 2020   1. quarter 2016



Leverage Ratio Comment
Due to repayements of liabilities of -0.14% Industry improved Liabilities to Equity ratio in 1 Q 2023 to 1.3, below Industry average.



Among other Industries in the Consumer Non Cyclical sector 4 other industries have achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 25, from overall ranking in the previous quarter at 30.



Leverage Ratio Industry Ranking
Within: No.
Sector # 5
Overall # 25

Other Leverage Ratios
Compare Industry's Leverage ratio to Cxt's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for CXT's Competitors What is Leverage Ratio?


Food Processing Industry Total Debt to Equity Ratio Statistics as of 1 Q 2023
 
Debt to Equity Ratio Comment
Due to debt repayement of -0.3% Industry improved Total Debt to Equity in 1 Q 2023 to 0.68, above Industry average.



Within Consumer Non Cyclical sector 5 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 44, from total ranking in previous quarter at 71.




Debt to Equity Ratio Statistics as of 1 Q 2023
High Average Low
0.83 0.23 0.06
4. quarter 2022   2. quarter 2022



Debt to Equity Industry Ranking
Within: No.
Sector # 6
Overall # 44

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Cxt's or S&P Definiton of Debt to Equity Ratio

Food Processing Industry Interest Coverage Ratio Statistics as of 1 Q 2023
 


Interest Coverage Ratio Statistics as of 1 Q 2023
High Average Low
13.9 7.89 3.66
4. quarter 2022   4. quarter 2018

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 1 Q 2023, Interest Coverage Ratio fell to 10.38 above Food Processing Industry average.



In the Consumer Non Cyclical sector 3 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 39, from total ranking in previous quarter at 45.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 4
Overall # 39

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Cxt's or S&P Definiton of Interest Coverage Ratio


Food Processing Industry Debt Coverage Statistics as of 1 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Despite sequential decrease in total debt, Debt Coverage Ratio detoriated to 0.3 in the 1 Q 2023, a new Food Processing Industry low.



Looking into Consumer Non Cyclical sector 5 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has improved to 58, from total ranking in previous quarter at 70.




Debt Coverage Statistics as of 1 Q 2023
High Average Low
3.82 1.67 0.3
2. quarter 2022   1. quarter 2023



Debt Coverage Industry Ranking
Within: No.
Sector # 6
Overall # 58

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Food Processing Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2023-05-25T19:33:21+00:00



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