Lakeland Industries (Lakeland Industries) Cash-to-Debt : 2.05 (As of Jan. 2024)

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What is Lakeland 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. Lakeland Industries's cash to debt ratio for the quarter that ended in Jan. 2024 was 2.05.

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, Lakeland Industries could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

LAKE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 4.5 Max: 22.09
Current: 2.05

During the past 13 years, Lakeland Industries's highest Cash to Debt Ratio was 22.09. The lowest was 0.52. And the median was 4.50.

LAKE's Cash-to-Debt is ranked better than
73.89% of 1038 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs LAKE: 2.05

Lakeland Industries Cash-to-Debt Historical Data

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

Lakeland Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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4.29

22.09

10.72

4.70

2.05

Lakeland Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															4.70	5.46	2.87	2.46	2.05

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

For the Apparel Manufacturing subindustry, Lakeland 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.

Lakeland Industries's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lakeland Industries's Cash-to-Debt distribution charts can be found below:

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

Lakeland 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.

Lakeland Industries's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	25.222	/	(2.462	+	9.852)
	=	2.05

Lakeland Industries's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	25.222	/	(2.462	+	9.852)
	=	2.05

Lakeland Industries (NAS:LAKE) 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.

Lakeland Industries Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Lakeland Industries's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Lakeland Industries (Lakeland Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lakeland Industries Inc (NAS:LAKE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LLI:Germany

Address

1525 Perimeter Parkway, Suite 325, Huntsville, AL, USA, 35806

Website

https://www.lakeland.com

Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. The company's geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.

Executives

Joshua J Sletten	officer: VP Corp Development & Strategy	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Melissa Kidd	director	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Herring Ronald N Jr	director
Roger D Shannon	officer: Chief Financial Officer	15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245
An Hui	officer: VP of Procurement & Asia Mfg.	1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806
Christopher James Ryan	director	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779
Allen E Dillard	officer: COO & CFO	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Charles D Roberson	director, officer: CEO, President and Secretary	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Steven L Harvey	officer: Exec. VP, Sales and Marketing	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Thomas J Mcateer	director	54 CEDAR POINT DRIVE, WEST ISLIP NY 11795
Jeffrey T Schlarbaum	director	105 NORTON STREET, NEWARK NY 14513
Nikki Hamblin	director	2 RED OAK LANE, PITTSFORD NY 14534
Alfred John Kreft	director	3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019
Daniel L. Edwards	officer: Sr. VP Sales for North America	6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358
Stephen M Bachelder	director, officer: Chief Operating Officer	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779