Transcat (Transcat) Cash-to-Debt

: 1.60 (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. Transcat's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.60.

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, Transcat could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TRNS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 1.6
Current: 1.6

During the past 13 years, Transcat's highest Cash to Debt Ratio was 1.60. The lowest was 0.00. And the median was 0.02.

TRNS's Cash-to-Debt is ranked better than
70.21% of 141 companies
in the Industrial Distribution industry
Industry Median: 0.52 vs TRNS: 1.60

Transcat Cash-to-Debt Historical Data

The historical data trend for Transcat'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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Transcat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.04

0.01

0.02

0.03

Transcat 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																0.03	0.03	0.03	0.02	1.60

Competitive Comparison

For the Industrial Distribution subindustry, Transcat'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.

Transcat Cash-to-Debt Distribution

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

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

Transcat 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.

Transcat's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1.531	/	(2.248	+	59.829)
	=	0.02

Transcat'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)
	=	35.205	/	(5.194	+	16.868)
	=	1.60

Transcat (NAS:TRNS) 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.

Transcat Cash-to-Debt Related Terms

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Transcat (Transcat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Transcat Inc (NAS:TRNS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Vantage Point Drive, Rochester, NY, USA, 14624

Website

https://www.transcat.com

Transcat Inc is involved in providing calibration and laboratory instrument services and distribution of test, measurement, and control instrumentation. Its product and services portfolio consists of calibration instruments, dimensional measuring tools, Electrical test instruments, pressure measurement, etc. The firm has Service and Distribution operating segments. It derives the majority of its revenues from the Service segment. The firm promotes and sells its products under brand names such as Estech, FLIR, Fluke, Keysight, and Megger among others. It serves to pharmaceutical, industrial manufacturing, energy, and chemical process industries.

Executives

Lee D. Rudow	officer: Chief Operating Officer	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
James M. Jenkins	officer: Gen Counsel & VP of Corp Devt	1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Craig D. Cairns	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Dawn Deperrior	director	45 SOUTH MAIN STREET, FAIRPORT NY 14450
Christopher P. Gillette	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Charles P Hadeed	officer: VP-Finance and CFO	35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Scott Deverell	other: Principal Accounting Officer	100 CHESTNUT STREET, SUITE 600, ROCHESTER NY 14604
Richard J Harrison	director	44 SOUTHERN PARKWAY, ROCHESTER NY 14618
Theresa A. Conroy	officer: VP, Human Resources	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Cynthia Langston	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Thomas L Barbato	officer: Sr. VP Finance & CFO	105 NORTON STREET, NEWARK NY 14513
Carl E Sassano	director, officer: Chairman, President and CEO	C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117
Gary J. Haseley	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Michael W. West	officer: VP Distribution & Marketing	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Mbago M. Kaniki	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624