LGL (LGL Group) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is LGL Group 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. LGL Group's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, LGL Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

LGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 75.35 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, LGL Group's highest Cash to Debt Ratio was No Debt. The lowest was 75.35. And the median was No Debt.

LGL's Cash-to-Debt is ranked better than
99.92% of 2443 companies
in the Hardware industry
Industry Median: 1.41 vs LGL: No Debt

LGL Group Cash-to-Debt Historical Data

The historical data trend for LGL Group'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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LGL Group Cash-to-Debt Chart

LGL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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75.35

No Debt

LGL Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of LGL Group's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, LGL Group'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.

LGL Group's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, LGL Group's Cash-to-Debt distribution charts can be found below:

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

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LGL Group 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.

LGL Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

LGL Group had no debt ⁽¹⁾.

LGL Group's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

LGL Group had no debt ⁽¹⁾.

LGL Group (AMEX:LGL) 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.

LGL Group Cash-to-Debt Related Terms

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

LGL Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LGL Group Inc (AMEX:LGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2525 Shader Road, Orlando, FL, USA, 32804

Website

https://www.lglgroup.com

LGL Group Inc is a holding company engaged in services, merchant investment and manufacturing business activities. The company has two reportable segments; Electronic Instruments and Merchant Investment. The Electronic Instruments segment, which generates key revenue, is focused on designing and manufacturing high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution, and metrology. The Merchant Investment segment comprises various investment vehicles in which the company invests its capital.

Executives

Herve Francois	director	4 BRIDLE PATH, LAWRENCEVILLE NJ 08648
Darlene T Deremer	director	200 CENTRAL AVENUE, SUITE 1850, ST. PETERSBURG FL 33701
Linda M Biles	officer: VP, Controller	2525 SHADER ROAD, ORLANDO FL 32804
James William Tivy	officer: Chief Financial Officer	220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Bel Lazar	director	4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Ferrantino Michael J Jr	director	12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga	director, officer: CEO	497 EISENHOWER COURT, WYCKOFF NJ 07481
John S Mega	director	C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Lapenta Robert V Jr	director	C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
Mario J Gabelli	director, 10 percent owner	191 MASON STREET, GREENWICH CT 06830
Joan Atkinson	officer: CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Patrick Huvane	officer: Senior Vice President	780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Michael J Ferrantino	director
Hendi Susanto	director	2525 SHADER RD., ORLANDO FL 32804
Salerno Frederic V Jr	director	2525 SHADER RD., ORLANDO FL 32804