James Halstead (LSE:JHD) Cash-to-Debt : 8.99 (As of Dec. 2023)

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What is James Halstead 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. James Halstead's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.99.

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, James Halstead could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:JHD' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.93 Med: 235.5 Max: No Debt
Current: 8.99

During the past 13 years, James Halstead's highest Cash to Debt Ratio was No Debt. The lowest was 4.93. And the median was 235.50.

LSE:JHD's Cash-to-Debt is ranked better than
85.06% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs LSE:JHD: 8.99

James Halstead Cash-to-Debt Historical Data

The historical data trend for James Halstead'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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James Halstead Cash-to-Debt Chart

James Halstead Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

11.36

13.46

9.13

8.69

James Halstead 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															12.20	9.13	4.93	8.69	8.99

Competitive Comparison of James Halstead's Cash-to-Debt

For the Building Products & Equipment subindustry, James Halstead'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.

James Halstead's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, James Halstead's Cash-to-Debt distribution charts can be found below:

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

James Halstead 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.

James Halstead'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)
	=	63.222	/	(2.696	+	4.582)
	=	8.69

James Halstead'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)
	=	62.42	/	(2.586	+	4.359)
	=	8.99

James Halstead (LSE:JHD) 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.

James Halstead Cash-to-Debt Related Terms

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James Halstead (LSE:JHD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » James Halstead PLC (LSE:JHD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JHD.GB:UK

Address

Hollinhurst Road, Beechfield, Radcliffe, Manchester, GBR, M26 1JN

Website

https://www.jameshalstead.com

James Halstead PLC manufactures commercial, contract, and consumer flooring. The flooring is used in offices, retail shops, factories, clinics and hospitals, schools, hotels, cinemas, restaurants, and airports. The firm's portfolio of brands includes Polyflor, Polysafe, Expona, Performa, Saarfloor Systems, Megastrong, Camaro, Colonia, Kudos, Expona Domestic, Voyager, Forest fx, Cavalio, and Arai. Arai is a helmet manufacturer focused on motorsports. The company generates most of its revenue in Europe and the United Kingdom.