James Hardie Industries (James Hardie Industries) Cash-to-Debt

: 0.36 (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. James Hardie Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

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

JHX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.15 Max: 3.56
Current: 0.36

During the past 13 years, James Hardie Industries's highest Cash to Debt Ratio was 3.56. The lowest was 0.06. And the median was 0.15.

JHX's Cash-to-Debt is ranked worse than
53.85% of 377 companies
in the Building Materials industry
Industry Median: 0.45 vs JHX: 0.36

James Hardie Industries Cash-to-Debt Historical Data

The historical data trend for James Hardie 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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James Hardie Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.06

0.10

0.23

0.13

0.10

James Hardie 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																0.10	0.10	0.13	0.15	0.36

Competitive Comparison

For the Building Materials subindustry, James Hardie 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.

James Hardie Industries Cash-to-Debt Distribution

For the Building Materials industry and Basic Materials sector, James Hardie Industries's Cash-to-Debt distribution charts can be found below:

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

James Hardie 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.

James Hardie Industries'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)
	=	113	/	(18.9	+	1121.5)
	=	0.10

James Hardie 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)
	=	433.8	/	(28	+	1191.4)
	=	0.36

James Hardie Industries (NYSE:JHX) 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.

James Hardie Industries Cash-to-Debt Related Terms

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James Hardie Industries (James Hardie Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » James Hardie Industries PLC (NYSE:JHX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JHIUF:USA JHA0:Germany JHA:Germany JHA:Germany JHX:Australia

Address

Harcourt Street, Europa House, 2nd Floor, Harcourt Centre, Dublin, IRL, D02 WR20

Website

https://ir.jameshardie.com.au

James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for siding. Asia-Pacific businesses in Australia, New Zealand, and the Philippines, as well as Europe, make up the rest of earnings. In 2018, the group acquired Fermacell, a fiber gypsum building products business headquartered in Germany with operations throughout Europe.