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. Tel Instrument Electronics's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.
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, Tel Instrument Electronics 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 Tel Instrument Electronics's Cash-to-Debt or its related term are showing as below:
TIKK'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.78 Max: 20.01
Current: 0.11
During the past 13 years, Tel Instrument Electronics's highest Cash to Debt Ratio was 20.01. The lowest was 0.11. And the median was 0.78.
Tel Instrument Electronics Cash-to-Debt Historical Data
The historical data trend for Tel Instrument Electronics'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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Tel Instrument Electronics Annual Data
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Trend |
Mar14 |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
| Cash-to-Debt |
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|
0.73 |
3.17 |
1.32 |
2.88 |
1.73 |
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Tel Instrument Electronics Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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2.09 |
1.73 |
2.09 |
0.17 |
0.11 |
Competitive Comparison
For the Aerospace & Defense subindustry, Tel Instrument Electronics'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.
Tel Instrument Electronics Cash-to-Debt Distribution
For the Aerospace & Defense industry and Industrials sector, Tel Instrument Electronics's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Tel Instrument Electronics's Cash-to-Debt falls into.
Tel Instrument Electronics 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.
Tel Instrument Electronics's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:
Tel Instrument Electronics's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Tel Instrument Electronics (Tel Instrument Electronics) Business Description
Traded in Other Exchanges
N/A
Address
One Branca Road, East Rutherford, NJ, USA, 07073
Tel Instrument Electronics Corp is a designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government, military aerospace, and defense markets. It designs, manufactures and sells instruments to test and measure, and calibrates and repairs airborne navigation and communication equipment. The company's reportable segments are Avionics government and Avionics commercial. The avionics government segment consists of the design, manufacture, and sale of test equipment to the U.S. and foreign governments and militaries. The Avionics commercial segment consists of design, manufacture, and sale of test equipment to domestic and foreign airlines. It generates a majority of its revenue from the Avionics Government segment.
Executives
| Dowling Vincent J. Jr |
10 percent owner |
54 LEDYARD, WEST HARTFORD CT 06117 |
| Robert A Rice |
director |
728 GARDEN ST, CARLSTADT NJ 07072 |
| Joseph P Macaluso |
10 percent owner, officer: Principal Accounting Officer |
|
| Stephen A Fletcher |
director, 10 percent owner |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121 |
| Sadie Elizabeth Fletcher |
10 percent owner |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121 |
| Michael Wolfgang Schirmer |
officer: Chief Operating Officer |
ONE BRANCA ROAD, EAST RUTHERFORD NJ 07073 |
| Jeff C Ohara |
director |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073 |
| George J Leon |
director, 10 percent owner |
|
| Chris H Allen |
officer: VP of Operations |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073 |
| Harold K Fletcher |
director, 10 percent owner, officer: CEO |
|
| Marc A Mastrangelo |
officer: Vice President-Manufacturing |
728 GARDEN ST, CARLSTADT NJ 07072 |
| Adam Rachlin |
officer: Vice President |
728 GARDEN ST, CARLSTADT NJ 07072 |
| Charles R Palanzo |
officer: COO |
728 GARDEN STREET, CARLSTADT NJ 07072 |
| Robert H Walker |
director |
C/O ROBOTIC VISION SYSTEMS INC, 486 AMHERST STREET, NASHUA NH 03063 |
| Robert J Melnick |
director, officer: Vice President |
|
Tel Instrument Electronics (Tel Instrument Electronics) Headlines
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