Cooper Tire & Rubber Co (Cooper Tire & Rubber Co) Cash-to-Debt : 1.11 (As of Mar. 2021)

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What is Cooper Tire & Rubber Co Cash-to-Debt?

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. Cooper Tire & Rubber Co's cash to debt ratio for the quarter that ended in Mar. 2021 was 1.11.

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, Cooper Tire & Rubber Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

The historical rank and industry rank for Cooper Tire & Rubber Co's Cash-to-Debt or its related term are showing as below:

CTB's Cash-to-Debt is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.57
* Ranked among companies with meaningful Cash-to-Debt only.

Cooper Tire & Rubber Co Cash-to-Debt Historical Data

The historical data trend for Cooper Tire & Rubber Co'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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Cooper Tire & Rubber Co Cash-to-Debt Chart

Cooper Tire & Rubber Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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1.55

1.10

1.14

0.94

1.39

Cooper Tire & Rubber Co Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash-to-Debt	Get a 7-Day Free Trial															0.66	0.84	1.18	1.39	1.11

Competitive Comparison of Cooper Tire & Rubber Co's Cash-to-Debt

For the Auto Parts subindustry, Cooper Tire & Rubber Co'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.

Cooper Tire & Rubber Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Cooper Tire & Rubber Co's Cash-to-Debt falls into.

Cooper Tire & Rubber Co 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.

Cooper Tire & Rubber Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	625.758	/	(63.329	+	385.656)
	=	1.39

Cooper Tire & Rubber Co's Cash to Debt Ratio for the quarter that ended in Mar. 2021 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)
	=	460.424	/	(25.543	+	390.606)
	=	1.11

Cooper Tire & Rubber Co (NYSE:CTB) 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.

Cooper Tire & Rubber Co Cash-to-Debt Related Terms

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Cooper Tire & Rubber Co (Cooper Tire & Rubber Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cooper Tire & Rubber Co (NYSE:CTB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Lima Avenue, Findlay, OH, USA, 45840

Website

http://www.coopertire.com

Cooper Tire & Rubber Co is a manufacturer of replacement tires. It is engaged in design, manufacturing, and sales of passenger car, light truck, truck and bus radial, motorcycle and racing tires. The company has four geographical segments namely North America, Latin America, Europe, and Asia. It generates revenue from two sources Americas Tire and International Tire of which Americas Tire generates maximum revenue to the company. The company brands include Cooper, Mastercraft, Avon Tyres, Roadmaster, Starfire, Mickey Thompson, Dick Cepek, and Dean.

Executives

Steven M Chapman	director	701 LIMA AVENUE, FINDLAY OH 45840
Brian C Walker	director
Stephen Zamansky	officer: Senior VP, Gen Counsel & Secy
Gerald C Bialek	officer: VP, CFO & Treasurer	701 LIMA AVENUE, FINDLAY OH 45840
Paula S Whitesell	officer: Senior Vice President	701 LIMA AVENUE FINDLAY OH 45840
Robert D Welding	director	200 SOUTH MICHIGAN AVE, 200 SOUTH MICHIGAN AVE, CHICAGO IL 60604
Kathryn P Dickson	director	1245 CEDAR LAKE ROAD S., MINNEAPOLIS MN 55416
Susan F Davis	director
John J Holland	director	26602 W. GREENTREE, OLATHE KS 66061
Gary S Michel	director	800-E BEATY STREET, DAVIDSON NC 28036
Tracey Joubert	director	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Mark A. Young	officer: Principal Accounting Officer	701 LIMA AVENUE, FINDLAY OH 45840
Bradley E. Hughes	director, officer: President, CEO	2420 BRADWAY BOULEVARD, BLOOMFIELD VILLAGE MI 48301
Thomas P Capo	director	443 WEST MERRILL STREET, BIRMINGHAM MI 48009
Christopher J Eperjesy	officer: SVP, CFO	505 HIGHWAY 169 NORTH, PLYMOUTH MN 55441