Jason Industries (Jason Industries) Cash-to-Debt : 0.09 (As of Jun. 2020)

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What is Jason Industries 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. Jason Industries's cash to debt ratio for the quarter that ended in Jun. 2020 was 0.09.

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, Jason Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

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

JSSNP.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: No Debt
Current: 0.09

During the past 8 years, Jason Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.12.

JSSNP.PFD's Cash-to-Debt is not ranked
in the Industrial Products industry.
Industry Median: 1.19 vs JSSNP.PFD: 0.09

Jason Industries Cash-to-Debt Historical Data

The historical data trend for Jason Industries'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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Jason Industries Cash-to-Debt Chart

Jason Industries Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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0.08

0.10

0.12

0.21

Jason Industries Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.22	0.21	0.18	0.09

Competitive Comparison of Jason Industries's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Jason Industries'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.

Jason Industries's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jason Industries's Cash-to-Debt distribution charts can be found below:

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

Jason Industries 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.

Jason Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	84.526	/	(10.075	+	398.086)
	=	0.21

Jason Industries's Cash to Debt Ratio for the quarter that ended in Jun. 2020 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)
	=	34.026	/	(363	+	31.514)
	=	0.09

Jason Industries (GREY:JSSNP.PFD) 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.

Jason Industries Cash-to-Debt Related Terms

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Jason Industries (Jason Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jason Industries Inc (GREY:JSSNP.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 East Michigan Street, Suite 900, Milwaukee, WI, USA, 53202

Website

http://www.jasoninc.com

Jason Industries Inc is an industrial manufacturing company. The company's operating segment includes Industrial; Engineered Components and Fiber Solutions. It generates maximum revenue from the Industrial segment. The company serves industries such as aerospace, automotive, construction, engineering, plastic, steel, hardware, welding, shipbuilding, industrial equipment, motorcycles, and lawn and turf care. Its industrial segment's product lines are comprised of industrial brushes, polishing buffs and compounds, abrasives, and roller technology products that are used in a broad range of industrial and infrastructure applications. Geographically, it derives a majority of revenue from the United States and also has a presence in Germany; Rest of Europe; Mexico and Other Countries.