Celestica (Celestica) Cash-to-Debt

: 0.47 (As of Dec. 2023)

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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. Celestica's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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

CLS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 0.74 Max: No Debt
Current: 0.47

During the past 13 years, Celestica's highest Cash to Debt Ratio was No Debt. The lowest was 0.47. And the median was 0.74.

CLS's Cash-to-Debt is ranked worse than
74.98% of 2470 companies
in the Hardware industry
Industry Median: 1.37 vs CLS: 0.47

Celestica Cash-to-Debt Historical Data

The historical data trend for Celestica'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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Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.69 [6] => 0.79 [7] => 0.50 [8] => 0.48 [9] => 0.47 )

Celestica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.69

0.79

0.50

0.48

0.47

Celestica Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.48	0.41	0.46	0.45	0.47

Competitive Comparison

For the Electronic Components subindustry, Celestica'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.

Celestica Cash-to-Debt Distribution

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

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

Celestica 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.

Celestica'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)
	=	370.4	/	(51.6	+	731.2)
	=	0.47

Celestica'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)
	=	370.4	/	(51.6	+	731.2)
	=	0.47

Celestica (NYSE:CLS) 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.

Celestica Cash-to-Debt Related Terms

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Celestica (Celestica) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Celestica Inc (NYSE:CLS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CTW:Germany CTW:Germany CLS:Canada

Address

5140 Yonge Street, Suite 1900, Toronto, ON, CAN, M2N 6L7

Website

https://www.celestica.com

Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.