TAT Technologies (TAT Technologies) Cash-to-Debt : 0.53 (As of Dec. 2023)

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What is TAT Technologies 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. TAT Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.53.

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, TAT Technologies 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 TAT Technologies's Cash-to-Debt or its related term are showing as below:

TATT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 5001.14 Max: No Debt
Current: 0.53

During the past 13 years, TAT Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was 5001.14.

TATT's Cash-to-Debt is ranked worse than
56.63% of 309 companies
in the Aerospace & Defense industry
Industry Median: 0.76 vs TATT: 0.53

TAT Technologies Cash-to-Debt Historical Data

The historical data trend for TAT Technologies'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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TAT Technologies Cash-to-Debt Chart

TAT Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.27

1.57

0.81

0.26

0.53

TAT Technologies 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															0.26	0.32	0.38	0.25	0.53

Competitive Comparison of TAT Technologies's Cash-to-Debt

For the Aerospace & Defense subindustry, TAT Technologies'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.

TAT Technologies's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, TAT Technologies's Cash-to-Debt distribution charts can be found below:

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

TAT Technologies 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.

TAT Technologies'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)
	=	15.979	/	(15.371	+	14.583)
	=	0.53

TAT Technologies'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)
	=	15.979	/	(15.371	+	14.583)
	=	0.53

TAT Technologies (NAS:TATT) 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.

TAT Technologies Cash-to-Debt Related Terms

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TAT Technologies (TAT Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » TAT Technologies Ltd (NAS:TATT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TATT:Israel

Address

Hamelacha 5, Netanya, ISR, 4250540

Website

https://www.tat-technologies.com

TAT Technologies Ltd is a provider of solutions and services to the aerospace and defence industries focused mainly on the four segments: Original equipment manufacturing (OEM); MRO services for heat transfer; MRO services for aviation components; Overhaul and coating of jet engine components. The company design, develop and manufacture Heat Exchangers, Cooling Systems, Cold Plates, Vapor-Cycle Air Conditioning Systems (for both land and airborne applications) and flow accessories.