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ITT Corp (NYSE:ITT)
Cash to Debt Ratio
2.07 (As of Jun. 2016)

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. ITT Corp's cash to debt ratio for the quarter that ended in Jun. 2016 was 2.07.

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, ITT Corp could pay off its debt using the cash in hand for the quarter that ended in Jun. 2016.

ITT' s Cash to Debt Range Over the Past 10 Years
Min: 0.05   Max: No Debt
Current: 2.07

During the past 13 years, ITT Corp's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.49.

ITT's Cash to Debt is ranked higher than
60% of the 1809 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.09 vs. ITT: 2.07 )

Definition

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

ITT Corp's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 is calculated as:

ITT Corp's Cash to Debt Ratio for the quarter that ended in Jun. 2016 is calculated as:

* 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, Cash Equivalents, Marketable Securities, Interest Coverage


Historical Data

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

ITT Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
cash2debt 0.850.520.450.810.76No Debt34.6912.68392.931.96

ITT Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
cash2debt 20.1125.81368.88392.935.167.2448.091.961.822.07
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