The Cato (The Cato) Cash-to-Debt

: 0.67 (As of Jan. 2024)

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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. The Cato's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.67.

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, The Cato couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

CATO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 5000.5 Max: No Debt
Current: 0.67

During the past 13 years, The Cato's highest Cash to Debt Ratio was No Debt. The lowest was 0.67. And the median was 5000.50.

CATO's Cash-to-Debt is ranked better than
57.99% of 1102 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs CATO: 0.67

The Cato Cash-to-Debt Historical Data

The historical data trend for The Cato'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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The Cato Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

1.01

0.70

0.90

0.74

0.67

The Cato Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.74	0.82	0.97	0.97	0.67

Competitive Comparison

For the Apparel Retail subindustry, The Cato'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.

The Cato Cash-to-Debt Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, The Cato's Cash-to-Debt distribution charts can be found below:

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

The Cato 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.

The Cato's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	102.952	/	(61.108	+	92.013)
	=	0.67

The Cato's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	102.952	/	(61.108	+	92.013)
	=	0.67

The Cato (NYSE:CATO) 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.

The Cato Cash-to-Debt Related Terms

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The Cato (The Cato) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Cato Corp (NYSE:CATO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CO2A:Germany

Address

8100 Denmark Road, Charlotte, NC, USA, 28273-5975

Website

https://www.catofashions.com

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services.

Executives

Bailey W Patrick	director
Cato John P D	director, officer: CHAIRMAN/PRESIDENT/CEO	CATO CORP, PO BOX 34216, CHARLOTTE NC 28234
Audrey Schwarz	officer: Vice President, DMM	PO BOX 34216, CHARLOTTE NC 28234
Charles D Knight	officer: EVP - Chief Financial Officer	TOYS R US, INC., ONE GEOFFREY WAY, WAYNE NJ 07470-2030
Hang Matchett	officer: SVP-Mdse Plan, Alloc&Ctrl, MIO	PO BOX 34216, CHARLOTTE NC 28234
Karen Anne Collins	officer: SVP-Tsry,Tax,Fin Pln,Tax,Cr,IR	PO BOX 34216, CHARLOTTE NC 28234
Theresa J Drew	director	ONE NORTH SECOND STREET, HARTSVILLE SC 29550
Daniel Harding Stowe	director	CATO CORP, PO BOX 34216, CHARLOTTE NC 28234-4216
Abby Shearer	officer: SVP, General Merchandise Mgr	PO BOX 34216, CHARLOTTE NC 28234
Lewis Pamela S Dr	director	QUEENS UNIVERSITY OF CHARLOTTE, 1900 SELWYN AVENUE, CHARLOTTE NC 28274
Scott Gurvis	officer: SVP,Treasury, Fin Plan, Credit	PO BOX 34216, CHARLOTTE NC 28234
Weisiger, Jr Edward I	director	PO BOX 34216, CHARLOTTE NC 28234
Vickie Smith	officer: SVP, MERCH PLNG, ALLOC & CNTL	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Lisa Krows	officer: SVP, DESIGN, TREND & COLOR	PO BOX 34216, CHARLOTTE NC 28234
Cathy Bailey	officer: SVP, GMM (CATO DIV)	PO BOX 34216, CHARLOTTE NC 28234