SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'cash2debt' TILE (Interface) Cash-to-Debt
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Interface Inc (NAS:TILE) » Definitions » Cash-to-Debt

Interface (Interface) Cash-to-Debt

: 0.22 (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. Interface's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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, Interface 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 Interface's Cash-to-Debt or its related term are showing as below:

TILE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12   Med: 0.18   Max: 0.61
Current: 0.22

During the past 13 years, Interface's highest Cash to Debt Ratio was 0.61. The lowest was 0.12. And the median was 0.18.

TILE's Cash-to-Debt is ranked worse than
75.63% of 1662 companies
in the Construction industry
Industry Median: 0.64 vs TILE: 0.22

Interface Cash-to-Debt Historical Data

The historical data trend for Interface'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.

* Premium members only.

Interface Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.15 0.16 0.16 0.22

Interface 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.17 0.17 0.23 0.22
Competitive Comparison

For the Building Products & Equipment subindustry, Interface'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.

Interface Cash-to-Debt Distribution

For the Construction industry and Industrials sector, Interface's Cash-to-Debt distribution charts can be found below:

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


Interface 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.

Interface's Cash to Debt Ratio for the fiscal year 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)
=110.498 / (20.919 + 486.91)
=0.22

Interface'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)
=110.498 / (20.919 + 486.91)
=0.22

* 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.

Interface  (NAS:TILE) 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.

Interface Cash-to-Debt Related Terms

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

Interface (Interface) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Interface Inc (NAS:TILE) » Definitions » Cash-to-Debt
Comparable Companies
ARLO NX APOG AIRJ ASPN SWIM LMB MCCK CSTE JELD TT CARR JCI TSE:6367 XPAR:SGO BLDR XSWX:GEBN CSL LII MAS
Traded in Other Exchanges
IF6N:Germany IF6N:Germany
Address
1280 West Peachtree Street, Atlanta, GA, USA, 30309
Website
https://www.interface.com
Interface Inc is engaged in the designing, production, and sale of carpet tile. It also provides Luxury Vinyl tiles and rubber flooring. The company mainly targets corporate and noncorporate office markets, including government, education, healthcare, hospitality, and retailers. Its geographical segments include the Americas, Europe, and Asia-Pacific.
Executives
Stansfield Nigel officer: VP & Chief Innovation Officer 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Robert T O'brien director 1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Laurel Hurd officer: President & CEO C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
James Poppens officer: Vice President 1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Robert Pridgen officer: Chief Accounting Officer 1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Christopher G Kennedy director C/O INTERFACE INC, 2859 PACES FERRY ROAD SUITE 2000, ATLANTA GA 30339
Gibson Dwight Audley Konrad director C/O SPX FLOW, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Joseph Keough director 3715 NORTHSIDE PKWY NW, SUITE 4-600, ATLANTA GA 30327
Andreas Mueller officer: VP & Chief Customer Officer 1280 WEST PEACHTREE ST. NW, ATLANTA GA 30309
Catherine M Kilbane director
Daniel T Hendrix director, officer: President and CEO 2859 PACES ROAD, ATLANTA GA 30339
Gregory J Bauer officer: VP & Chief Accounting Officer 2859 PACES FERRY RD., STE 2000, ATLANTA GA 30339
Robert Coombs officer: Vice President 2850 PACES FERRY RD, STE 2000, ATLANTA GA 30339
Jeffrey Chadwick Scales officer: VP & Chief Innovation Officer 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Bruce Andrew Hausmann officer: VP & CFO 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339