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. Electro Rent's cash to debt ratio for the quarter that ended in Feb. 2016 was No Debt (1).
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, Electro Rent could pay off its debt using the cash in hand for the quarter that ended in Feb. 2016.
(1) 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.
The historical rank and industry rank for Electro Rent's Cash-to-Debt or its related term are showing as below:
Electro Rent Cash-to-Debt Historical Data
The historical data trend for Electro Rent'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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Electro Rent Annual Data
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Trend |
May06 |
May07 |
May08 |
May09 |
May10 |
May11 |
May12 |
May13 |
May14 |
May15 |
| Cash-to-Debt |
|
|
|
|
|
|
No Debt |
No Debt |
1.04 |
No Debt |
1.70 |
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Electro Rent Quarterly Data
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|
May11 |
Aug11 |
Nov11 |
Feb12 |
May12 |
Aug12 |
Nov12 |
Feb13 |
May13 |
Aug13 |
Nov13 |
Feb14 |
May14 |
Aug14 |
Nov14 |
Feb15 |
May15 |
Aug15 |
Nov15 |
Feb16 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
No Debt |
1.70 |
No Debt |
No Debt |
No Debt |
Competitive Comparison
For the Rental & Leasing Services subindustry, Electro Rent'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.
Electro Rent Cash-to-Debt Distribution
For the Business Services industry and Industrials sector, Electro Rent's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Electro Rent's Cash-to-Debt falls into.
Electro Rent 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.
Electro Rent's Cash to Debt Ratio for the fiscal year that ended in May. 2015 is calculated as:
Electro Rent's Cash to Debt Ratio for the quarter that ended in Feb. 2016 is calculated as:
Electro Rent had no debt (1).
* 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.
Electro Rent (Electro Rent) Business Description
Traded in Other Exchanges
N/A
Address
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
Executives
| James S Pignatelli |
director |
2300 E SLINGSHOT WAY, KAMAS UT 84036 |
| Theodore E Guth |
director |
6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411 |
| Joseph J Kearns |
director |
C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411 |
| Platinum Equity Llc |
10 percent owner |
360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
| Tom Gores |
10 percent owner |
C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
| Platinum Equity Investment Holdings Iii, Llc |
10 percent owner |
C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
| Platinum Equity Partners Iii, Llc |
10 percent owner |
C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
| S Lee Kling |
director |
1401 S BRENTWOOD BLVD, ST LOUIS MO 63144 |
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