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Cato Corporation Cash to Debt: 10,000.0 ( as of Jan13)

* All numbers are in millions except for per share data CATO 10-Y Financials »

Definition

This is the ratio of a company's Cash and cash equivalents to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand.

Related Terms

Cash and cash equivalents,
* All numbers are in millions except for per share data

Cato Corporation Annual Data

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Cato Corporation Quarterly Data

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Financial Dictionary

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