Strattec Security (Strattec Security) Cash-to-Debt

: 0.89 (As of Dec. 2023)

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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. Strattec Security's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.89.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Strattec Security couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

STRT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.71 Max: 8.2
Current: 0.89

During the past 13 years, Strattec Security's highest Cash to Debt Ratio was 8.20. The lowest was 0.15. And the median was 0.71.

STRT's Cash-to-Debt is ranked better than
59.4% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs STRT: 0.89

Strattec Security Cash-to-Debt Historical Data

The historical data trend for Strattec Security'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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Strattec Security Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.19

0.34

1.21

0.80

1.58

Strattec Security Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.80	0.58	1.58	1.21	0.89

Competitive Comparison

For the Auto Parts subindustry, Strattec Security'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.

Strattec Security Cash-to-Debt Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Strattec Security's Cash-to-Debt distribution charts can be found below:

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

Strattec Security 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.

Strattec Security's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 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)
	=	20.571	/	(0	+	13)
	=	1.58

Strattec Security's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	11.575	/	(13	+	0)
	=	0.89

Strattec Security (NAS:STRT) 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.

Strattec Security Cash-to-Debt Related Terms

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

Strattec Security (Strattec Security) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strattec Security Corp (NAS:STRT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SS8:Germany

Address

3333 West Good Hope Road, Milwaukee, WI, USA, 53209

Website

https://www.strattec.com

Strattec Security Corp designs develops, manufactures and markets mechanical locks, electronically enhanced locks and keys. It also produces ignition lock housings; access control products, including latches, power sliding door systems, and door handles. Strattec ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full-service aftermarket support. Strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision, die castings.

Executives

Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Richard P Messina	officer: VP-Strattec Power Access LLC	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Dennis Bowe	officer: Vice President and CFO	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Patrick J Hansen	officer: Vice Pres., CFO and Secretary	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Frank Krejci	director
Tina M Chang	director	375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
Stratton Harold M Ii	director, officer: Chairman of the Board & CEO	P.O. BOX 8057, NAPLES FL 34101
Al-waleed H. Hamdan	officer: VP of Product Management	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Rolando Guillot	officer: Vice Pres.-Mexican Operations	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Brian J Reetz	officer: VP - Security Products	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209