Harvey Norman Holdings (Harvey Norman Holdings) Cash-to-Debt : 0.16 (As of Dec. 2023)

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What is Harvey Norman Holdings 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. Harvey Norman Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.16.

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, Harvey Norman Holdings 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 Harvey Norman Holdings's Cash-to-Debt or its related term are showing as below:

HNORY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.18 Max: 0.3
Current: 0.16

During the past 13 years, Harvey Norman Holdings's highest Cash to Debt Ratio was 0.30. The lowest was 0.10. And the median was 0.18.

HNORY's Cash-to-Debt is ranked worse than
74.54% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs HNORY: 0.16

Harvey Norman Holdings Cash-to-Debt Historical Data

The historical data trend for Harvey Norman Holdings'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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Harvey Norman Holdings Cash-to-Debt Chart

Harvey Norman Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.29

0.23

0.18

0.13

0.10

Harvey Norman Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.13	0.15	0.10	0.16

Competitive Comparison of Harvey Norman Holdings's Cash-to-Debt

For the Specialty Retail subindustry, Harvey Norman Holdings'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.

Harvey Norman Holdings's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's Cash-to-Debt distribution charts can be found below:

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

Harvey Norman Holdings 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.

Harvey Norman Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	146.812	/	(146.365	+	1316.123)
	=	0.10

Harvey Norman Holdings'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)
	=	230.996	/	(146.903	+	1313.942)
	=	0.16

Harvey Norman Holdings (OTCPK:HNORY) 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.

Harvey Norman Holdings Cash-to-Debt Related Terms

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Harvey Norman Holdings (Harvey Norman Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Harvey Norman Holdings Ltd (OTCPK:HNORY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HNN:Germany HVN:Australia

Address

A1 Richmond Road, Homebush West, Sydney, NSW, AUS, 2140

Website

https://www.harveynormanholdings.com.au

Harvey Norman Holdings Ltd is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.

Harvey Norman Holdings (Harvey Norman Holdings) Headlines

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