NACCO Industries (NACCO Industries) Cash-to-Debt

: 1.90 (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. NACCO Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.90.

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

NC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 1.82 Max: 7.74
Current: 1.9

During the past 13 years, NACCO Industries's highest Cash to Debt Ratio was 7.74. The lowest was 0.25. And the median was 1.82.

NC's Cash-to-Debt is ranked better than
53.93% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.43 vs NC: 1.90

NACCO Industries Cash-to-Debt Historical Data

The historical data trend for NACCO 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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NACCO Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

3.29

1.53

2.83

4.07

1.90

NACCO Industries 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																4.07	3.96	3.80	4.17	1.90

Competitive Comparison

For the Thermal Coal subindustry, NACCO 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.

NACCO Industries Cash-to-Debt Distribution

For the Other Energy Sources industry and Energy sector, NACCO Industries's Cash-to-Debt distribution charts can be found below:

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

NACCO 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.

NACCO Industries'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)
	=	85.109	/	(13.953	+	30.785)
	=	1.90

NACCO Industries'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)
	=	85.109	/	(13.953	+	30.785)
	=	1.90

NACCO Industries (NYSE:NC) 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.

NACCO Industries Cash-to-Debt Related Terms

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

NACCO Industries (NACCO Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » NACCO Industries Inc (NYSE:NC) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

5875 Landerbrook Drive, Suite 220, Cleveland, OH, USA, 44124-4069

Website

https://www.nacco.com

NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments that are coal mining, North American mining (NA mining), and minerals management. The majority of its revenue is from the coal mining segment. That segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NA mining segment provides value-add contract mining and services for producers. Minerals management generates income from royalty-based leases by acquiring and promoting oil, gas, and coal mineral interests. The company is diversifying beyond coal mining due to political and economic pressures associated with carbon emissions.

Executives

Valerie Gentile Sachs	director	5555 DARROW RD, HUDSON OH 44236
Trust F/b/o Paige J. Rankin 8/26/2016	other: Member of a Group	103 MARION AVENUE, LAKE FOREST IL 60045
Paige J. Rankin	other: Member of a Group	103 MARION AVENUE, FOREST LAKE IL 60045
Miles B Haberer	officer: Assoc Gen Counsel & Assist Sec	5340 LEGACY DRIVE, BUILDING 1 SUITE 300, PLANO TX 75024
Butler John C Jr	officer: VP-Corp Dev and Treasurer	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin	other: NMHG Dir and Member of Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Roger F Rankin	other: Member of a group	C/O NACCO INDUSTRIES INC, 5875 LANDERBROOK DRIVE, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al	director, officer: Dir CEO Group Member, other: Dir CEO Group Member	5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Rankin Corbin	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Alison A Rankin	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124