Schmitt Industries (STU:SI1A) Cash-to-Debt : 0.06 (As of May. 2022)

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What is Schmitt 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. Schmitt Industries's cash to debt ratio for the quarter that ended in May. 2022 was 0.06.

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, Schmitt Industries couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2022.

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

STU:SI1A's Cash-to-Debt is not ranked ^*
in the Hardware industry.
Industry Median: 1.335
* Ranked among companies with meaningful Cash-to-Debt only.

Schmitt Industries Cash-to-Debt Historical Data

The historical data trend for Schmitt 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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Schmitt Industries Cash-to-Debt Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Cash-to-Debt

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No Debt

0.27

0.06

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Cash-to-Debt	Get a 7-Day Free Trial															0.27	0.64	0.29	0.59	0.06

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

For the Scientific & Technical Instruments subindustry, Schmitt 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.

Schmitt Industries's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Schmitt Industries's Cash-to-Debt distribution charts can be found below:

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

Schmitt 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.

Schmitt Industries's Cash to Debt Ratio for the fiscal year that ended in May. 2022 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)
	=	0.994	/	(1.871	+	15.52)
	=	0.06

Schmitt Industries's Cash to Debt Ratio for the quarter that ended in May. 2022 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)
	=	0.994	/	(1.871	+	15.52)
	=	0.06

Schmitt Industries (STU:SI1A) 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.

Schmitt Industries Cash-to-Debt Related Terms

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Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2765 North West Nicolai Street, Portland, OR, USA, 97210

Website

https://www.schmittindustries.com

Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. Xact product line includes satellite-focused remote tank monitoring products and related monitoring services for markets in the IoT environment. The Company also manufactures, wholesales, and retails ice cream and related products.

Schmitt Industries (STU:SI1A) Headlines

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