Genuine Parts Co (LTS:0IUX) Cash-to-Debt : 0.18 (As of Sep. 2024)

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What is Genuine Parts Co 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. Genuine Parts Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.18.

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, Genuine Parts Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LTS:0IUX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.18 Max: 0.33
Current: 0.18

During the past 13 years, Genuine Parts Co's highest Cash to Debt Ratio was 0.33. The lowest was 0.07. And the median was 0.18.

LTS:0IUX's Cash-to-Debt is ranked worse than
75.63% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs LTS:0IUX: 0.18

Genuine Parts Co Cash-to-Debt Historical Data

The historical data trend for Genuine Parts Co'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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Genuine Parts Co Cash-to-Debt Chart

Genuine Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.07

0.29

0.22

0.16

0.23

Genuine Parts Co 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															0.16	0.23	0.21	0.11	0.18

Competitive Comparison of Genuine Parts Co's Cash-to-Debt

For the Auto Parts subindustry, Genuine Parts Co'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.

Genuine Parts Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Genuine Parts Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Genuine Parts Co's Cash-to-Debt falls into.

Genuine Parts Co 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.

Genuine Parts Co'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)
	=	1102.007	/	(355.298	+	4530.868)
	=	0.23

Genuine Parts Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1078.118	/	(810.982	+	5179.233)
	=	0.18

Genuine Parts Co (LTS:0IUX) 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.

Genuine Parts Co Cash-to-Debt Related Terms

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

Genuine Parts Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Genuine Parts Co (LTS:0IUX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GPC:USA GPC:Mexico GPT:Germany GPT:Germany G1PC34:Brazil

Address

2999 Wildwood Parkway, Atlanta, GA, USA, 30339

Website

https://www.genpt.com

Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of end market sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.

Genuine Parts Co Headlines

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