Jungheinrich AG (Jungheinrich AG) Cash-to-Debt : 0.69 (As of Dec. 2023)

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What is Jungheinrich AG 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. Jungheinrich AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.69.

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

JGHAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.69 Med: 0.93 Max: 1.29
Current: 0.69

During the past 13 years, Jungheinrich AG's highest Cash to Debt Ratio was 1.29. The lowest was 0.69. And the median was 0.93.

JGHAF's Cash-to-Debt is ranked worse than
61.57% of 2904 companies
in the Industrial Products industry
Industry Median: 1.22 vs JGHAF: 0.69

Jungheinrich AG Cash-to-Debt Historical Data

The historical data trend for Jungheinrich AG'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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Jungheinrich AG Cash-to-Debt Chart

Jungheinrich AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.72

1.17

1.29

0.79

0.69

Jungheinrich AG 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															1.29	No Debt	0.79	No Debt	0.69

Competitive Comparison of Jungheinrich AG's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Jungheinrich AG'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.

Jungheinrich AG's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jungheinrich AG's Cash-to-Debt distribution charts can be found below:

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

Jungheinrich AG 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.

Jungheinrich AG'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)
	=	700.728	/	(623.961	+	399.365)
	=	0.68

Jungheinrich AG'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)
	=	700.728	/	(623.961	+	399.365)
	=	0.68

Jungheinrich AG (OTCPK:JGHAF) 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.

Jungheinrich AG Cash-to-Debt Related Terms

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Jungheinrich AG (Jungheinrich AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jungheinrich AG (OTCPK:JGHAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0EXP:UK JUN3:Germany JUN3:Austria

Address

Friedrich-Ebert-Damm 129, Hamburg, DEU, 22047

Website

https://www.jungheinrich.com

Jungheinrich is Europe's second-largest forklift manufacturer with a niche carved out in the retail and wholesale segment, including a stronghold in supermarkets. The company was founded in 1953 by Friedrich Jungheinrich, and control of Jungheinrich remains in his descendants' hands through special voting shares. Globally, Jungheinrich ranks number four behind Toyota and Kion Group, but nearly 90% of its sales comes from Europe, which still accounts for more than 30% of global forklift industry production.

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