UniFirst (FRA:U1N) Cash-to-Debt : 2.54 (As of Aug. 2024)

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What is UniFirst 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. UniFirst's cash to debt ratio for the quarter that ended in Aug. 2024 was 2.54.

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, UniFirst could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

The historical rank and industry rank for UniFirst's Cash-to-Debt or its related term are showing as below:

FRA:U1N' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.38 Med: 105.78 Max: No Debt
Current: 2.54

During the past 13 years, UniFirst's highest Cash to Debt Ratio was No Debt. The lowest was 1.38. And the median was 105.78.

FRA:U1N's Cash-to-Debt is ranked better than
62.09% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs FRA:U1N: 2.54

UniFirst Cash-to-Debt Historical Data

The historical data trend for UniFirst'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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UniFirst Cash-to-Debt Chart

UniFirst Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Cash-to-Debt

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11.35

11.88

7.28

1.38

2.54

UniFirst Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															1.38	1.32	1.42	1.82	2.54

Competitive Comparison of UniFirst's Cash-to-Debt

For the Specialty Business Services subindustry, UniFirst'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.

UniFirst's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, UniFirst's Cash-to-Debt distribution charts can be found below:

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

UniFirst 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.

UniFirst's Cash to Debt Ratio for the fiscal year that ended in Aug. 2024 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)
	=	158.794	/	(16.545	+	45.865)
	=	2.54

UniFirst's Cash to Debt Ratio for the quarter that ended in Aug. 2024 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)
	=	158.794	/	(16.545	+	45.865)
	=	2.54

UniFirst (FRA:U1N) 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.

UniFirst Cash-to-Debt Related Terms

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UniFirst Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UniFirst Corp (FRA:U1N) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

UNF:USA

Address

68 Jonspin Road, Wilmington, MA, USA, 01887

Website

http://www.unifirst.com

UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.

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