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Ituran Location and Control Ltd (NAS:ITRN)
Cash to Debt Ratio
22,759.50 (As of Sep. 2014)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. Ituran Location and Control Ltd's cash to debt ratio for the quarter that ended in Sep. 2014 was 22,759.50.

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, Ituran Location and Control Ltd could pay off its debt using the cash in hand for the quarter that ended in Sep. 2014.

ITRN' s 10-Year Cash to Debt Range
Min: 0.38   Max: 44033
Current: 22759.5

0.38
44033

During the past 13 years, Ituran Location and Control Ltd's highest Cash to Debt Ratio was 44033.00. The lowest was 0.38. And the median was 11.58.

ITRN's Cash to Debtis ranked higher than
100% of the 699 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.26 vs. ITRN: 22759.50 )

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.

Ituran Location and Control Ltd's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 is calculated as:

Cash to Debt Ratio=Cash and Cash Equivalents / Total Debt
=Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt)
=46.679 / (0.038 + 0)
=1,228.39

Ituran Location and Control Ltd's Cash to Debt Ratio for the quarter that ended in Sep. 2014 is calculated as:

Cash to Debt Ratio=Cash and Cash Equivalents / Total Debt
=Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt)
=45.519 / (0.002 + 0)
=22,759.50

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash and Cash Equivalents


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Ituran Location and Control Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
cash2debt 0.296.109.406.157.7011.91161.3962.77133.271,228.40

Ituran Location and Control Ltd Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
cash2debt 20.1241.49133.2770.36373.9469.791,228.4039.2944,033.0022,759.50
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