Patriot Transportation Holding (Patriot Transportation Holding) Cash-to-Debt : 2.07 (As of Sep. 2023)

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What is Patriot Transportation Holding 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. Patriot Transportation Holding's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.07.

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, Patriot Transportation Holding could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

PATI' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.07 Med: 16.49 Max: No Debt
Current: 2.07

During the past 12 years, Patriot Transportation Holding's highest Cash to Debt Ratio was No Debt. The lowest was 2.07. And the median was 16.49.

PATI's Cash-to-Debt is not ranked
in the Transportation industry.
Industry Median: 0.49 vs PATI: 2.07

Patriot Transportation Holding Cash-to-Debt Historical Data

The historical data trend for Patriot Transportation Holding'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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Patriot Transportation Holding Cash-to-Debt Chart

Patriot Transportation Holding Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

5.09

5.29

3.21

2.07

Patriot Transportation Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															3.21	2.05	1.94	2.21	2.07

Competitive Comparison of Patriot Transportation Holding's Cash-to-Debt

For the Trucking subindustry, Patriot Transportation Holding'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.

Patriot Transportation Holding's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Patriot Transportation Holding's Cash-to-Debt distribution charts can be found below:

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

Patriot Transportation Holding 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.

Patriot Transportation Holding's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	6.429	/	(0.653	+	2.459)
	=	2.07

Patriot Transportation Holding's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	6.429	/	(0.653	+	2.459)
	=	2.07

Patriot Transportation Holding (NAS:PATI) 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.

Patriot Transportation Holding Cash-to-Debt Related Terms

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Patriot Transportation Holding (Patriot Transportation Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Patriot Transportation Holding Inc (NAS:PATI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 West Forsyth Street, 7th Floor, Jacksonville, FL, USA, 32202

Website

https://www.patriottrans.com

Patriot Transportation Holding Inc is a regional tank truck carrier in North America. Its business consists of hauling petroleum-related products and dry bulk commodities and liquid chemicals. The company currently has approximately eighteen terminal and satellite locations spread across the states of Florida, Georgia, Alabama, and Tennessee. The company also provides the delivery service in the liquid chemical and dry bulk business primarily from distribution facilities or manufacturing facilities to the end-user.

Executives

Baker Thompson S Ii	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
John D Klopfenstein	officer: Controller and CAO	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Robert E Sandlin	officer: President and CEO	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Baker John D Ii	10 percent owner	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Eric K. Mann	director	200 W FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Milton John D Jr	officer: Executive Vice President & CFO	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Matthew C. Mcnulty	officer: Vice President and CFO	200 WEST FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Charles D Hyman	director	224 PONTE VEDRA PARK DRIVE, SUITE 200, PONTE VEDRA BEACH FL 32082
Stein Martin E Jr	director	ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Baker Edward L Ii	10 percent owner	200 W FORSYTH ST, 12TH FLOOR, JACKSONVILLE FL 32202
Paul Robert H Iii	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Fichthorn Luke E Iii	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
John E Anderson	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Anderson James N Iv	officer: VP Safety & Risk Management	200 W FORSYTH ST, 7TH FLOOR, JACKSONVILLE FL 32202
Frp Holdings, Inc.	10 percent owner	200 W. FORSYTH ST., 7TH FLOOR, JACKSONVILLE FL 32202