HOV (Hovnanian Enterprises) Cash-to-Debt : 0.10 (As of Jan. 2025)

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What is Hovnanian Enterprises 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. Hovnanian Enterprises's cash to debt ratio for the quarter that ended in Jan. 2025 was 0.10.

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, Hovnanian Enterprises couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2025.

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

HOV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.13 Max: 0.38
Current: 0.1

During the past 13 years, Hovnanian Enterprises's highest Cash to Debt Ratio was 0.38. The lowest was 0.05. And the median was 0.13.

HOV's Cash-to-Debt is ranked worse than
86.6% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 0.42 vs HOV: 0.10

Hovnanian Enterprises Cash-to-Debt Historical Data

The historical data trend for Hovnanian Enterprises'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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Hovnanian Enterprises Cash-to-Debt Chart

Hovnanian Enterprises Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash-to-Debt

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0.17

0.18

0.25

0.38

0.21

Hovnanian Enterprises Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.18	0.12	0.21	0.10

Competitive Comparison of Hovnanian Enterprises's Cash-to-Debt

For the Residential Construction subindustry, Hovnanian Enterprises'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.

Hovnanian Enterprises's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's Cash-to-Debt distribution charts can be found below:

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

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Hovnanian Enterprises 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.

Hovnanian Enterprises's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	209.976	/	(0	+	986.893)
	=	0.21

Hovnanian Enterprises's Cash to Debt Ratio for the quarter that ended in Jan. 2025 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)
	=	94.258	/	(0	+	981.339)
	=	0.10

Hovnanian Enterprises (NYSE:HOV) 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.

Hovnanian Enterprises Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hovnanian Enterprises's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hovnanian Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (NYSE:HOV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HOVVB:USA HOVNP.PFD:USA HO3A:Germany

Address

90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747

Website

https://www.khov.com

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

Executives

Edward A Kangas	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Robin Stone Sellers	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Ara K Hovnanian	director, 10 percent owner, officer: Chairman of Bd., Pres. & CEO	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Vincent Jr Pagano	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
J Larry Sorsby	director, officer: Exec. VP and CFO	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Joseph A Marengi	director	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Miriam Hernandez-kakol	director	90 MATAWAN ROAD, 5TH FLOOR, MATAWAN NJ 07747
Park West Asset Management Llc	10 percent owner	1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Hovnanian Family 2012 L.l.c.	10 percent owner	C/O ARA K. HOVNANIAN, 110 WEST FRONT STREET, P.O. BOX 500, RED BANK NJ 07701
Lucian T. Smith	officer: Chief Operating Officer	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Executors Of The Estate Of Kevork S. Hovnanian, Deceased	10 percent owner	425 LEXINGTON AVENUE, NEW YORK NY 10017
Thomas J. Pellerito	officer: Chief Operating Officer	110 WEST FRONT STREET, RED BANK NJ 07701
Brad G O'connor	officer: VP & Chief Accounting Officer	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Paul W Buchanan	officer: SVP Corporate Controller	10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701
Peter S Reinhart	officer: Sr. VP/General Counsel	10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701