Switch to:
Ross Stores Inc (NAS:ROST)
Cash to Debt Ratio
1.93 (As of Jan. 2016)

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. Ross Stores Inc's cash to debt ratio for the quarter that ended in Jan. 2016 was 1.93.

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, Ross Stores Inc could pay off its debt using the cash in hand for the quarter that ended in Jan. 2016.

ROST' s Cash to Debt Range Over the Past 10 Years
Min: 0.35   Max: No Debt
Current: 2.3

During the past 13 years, Ross Stores Inc's highest Cash to Debt Ratio was No Debt. The lowest was 0.35. And the median was 3.56.

ROST's Cash to Debt is ranked higher than
59% of the 951 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.07 vs. ROST: 2.30 )

Definition

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Ross Stores Inc's Cash to Debt Ratio for the fiscal year that ended in Jan. 2015 is calculated as:

Ross Stores Inc's Cash to Debt Ratio for the quarter that ended in Jan. 2016 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash, Cash Equivalents, Marketable Securities, Interest Coverage


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Ross Stores Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
cash2debt 2.481.762.155.135.584.344.322.901.751.93

Ross Stores Inc Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
cash2debt 2.903.973.671.441.751.931.601.231.932.30
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK