Preformed Line Products Co (Preformed Line Products Co) Cash-to-Debt : 0.75 (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Preformed Line Products 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. Preformed Line Products Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.75.

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, Preformed Line Products Co 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 Preformed Line Products Co's Cash-to-Debt or its related term are showing as below:

PLPC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 0.71 Max: 1.23
Current: 0.75

During the past 13 years, Preformed Line Products Co's highest Cash to Debt Ratio was 1.23. The lowest was 0.38. And the median was 0.71.

PLPC's Cash-to-Debt is ranked worse than
59.57% of 3000 companies
in the Industrial Products industry
Industry Median: 1.205 vs PLPC: 0.75

Preformed Line Products Co Cash-to-Debt Historical Data

The historical data trend for Preformed Line Products 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.

* Premium members only.

Preformed Line Products Co Cash-to-Debt Chart

Preformed Line Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.51

0.68

0.52

0.38

0.75

Preformed Line Products Co 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	Get a 7-Day Free Trial															0.38	0.34	0.44	0.60	0.75

Competitive Comparison of Preformed Line Products Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Preformed Line Products 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.

Preformed Line Products Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Preformed Line Products Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Preformed Line Products Co's Cash-to-Debt falls into.

Preformed Line Products 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.

Preformed Line Products Co'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)
	=	53.607	/	(15.125	+	56.688)
	=	0.75

Preformed Line Products Co'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)
	=	53.607	/	(15.125	+	56.688)
	=	0.75

Preformed Line Products Co (NAS:PLPC) 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.

Preformed Line Products Co Cash-to-Debt Related Terms

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

Preformed Line Products Co (Preformed Line Products Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Preformed Line Products Co (NAS:PLPC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

P4L:Germany

Address

660 Beta Drive, Mayfield Village, Cleveland, OH, USA, 44143

Website

https://www.preformed.com

Preformed Line Products Co is a designer and manufacturer of products and systems for constructing and maintaining overhead and underground networks for energy, telecommunication, cable operators, data communication, and other industries. In addition, it provides solar hardware systems and mounting hardware for a variety of solar power applications. Its products consist of Energy Products, Communications Products, and Special Industries Products. The company's majority of the revenue is derived from the sale of products in the United States with operations also in The Americas, Europe, the Middle East and Africa, and Asia-Pacific. The revenue gets driven by Energy products which comprise protecting transmission conductors, spacers, spacer-dampers, and Stockbridge dampers.

Executives

Michael E Gibbons	director	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799
Katherine E. Wensink	10 percent owner	600 SUPERIOR AVENUE, EAST, SUITE 2100, CLEVELAND OH 44114
Barbara P Ruhlman Irrevocable Trust Dated 7/29/08	10 percent owner	P.O. BOX 91129, CLEVELAND OH 44101
Barbara P Ruhlman Revocable Trust Dated 9/21/16	10 percent owner	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Randall M Ruhlman	10 percent owner	C/O PREFORMED LINE PRODUCTS, PO BOX 91129, CLEVELAND OH 44101
Robert G Ruhlman	director, 10 percent owner	C/O BAKER HOSTETLER LLP, 1900 EAST NINTH ST, CLEVELAND OH 44114
Third Restatement Of Barbara P. Ruhlman Trust Agreement, Dated November 20, 2008	10 percent owner	C/O MCDONALD HOPKINS LLC, 600 SUPERIOR AVENUE, EAST SUITE 2100, CLEVELAND OH 44114
Bernard L. Karr	10 percent owner	600 SUPERIOR AVENUE, EAST, SUITE 2100, CLEVELAND OH 44114
Andrew S Klaus	officer: CFO	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
John J Olenik	officer: VP-Research & Engineering	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Timothy O'shaughnessy	officer: V.P. Human Resources	660 BETA DR, MAYFIELD VILLAGE OH 44143
Curlee J Cecil Jr	officer: V.P. - Human Resources	C/O PREFORMED LINE PRODUCTS, PO BOX 91129, CLEVELAND OH 44101
C Sunkle David	officer: VP-Research & Engineering	P.O. BOX 91129, CLEVELAND OH 44101
Michael A Weisbarth	officer: VP-Finance & Treasurer	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Barbara P Ruhlman	10 percent owner	C/O BAKER HOSTETLER LLP, 1900 EAST NINTH ST, CLEVELAND OH 44114