The Shyft Group (The Shyft Group) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is The Shyft 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. The Shyft Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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

SHYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.87 Max: 230.51
Current: 0.08

During the past 13 years, The Shyft Group's highest Cash to Debt Ratio was 230.51. The lowest was 0.08. And the median was 0.87.

SHYF's Cash-to-Debt is ranked worse than
89.37% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.63 vs SHYF: 0.08

The Shyft Group Cash-to-Debt Historical Data

The historical data trend for The Shyft 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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The Shyft Group Cash-to-Debt Chart

The Shyft Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.28

0.67

0.09

0.08

The Shyft Group 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	Get a 7-Day Free Trial															0.09	0.05	0.07	0.07	0.08

Competitive Comparison of The Shyft Group's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, The Shyft 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.

The Shyft Group's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Cash-to-Debt distribution charts can be found below:

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

The Shyft 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.

The Shyft Group'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)
	=	9.957	/	(45.498	+	86.868)
	=	0.08

The Shyft Group'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)
	=	9.957	/	(45.498	+	86.868)
	=	0.08

The Shyft Group (NAS:SHYF) 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.

The Shyft Group Cash-to-Debt Related Terms

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

The Shyft Group (The Shyft Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Shyft Group Inc (NAS:SHYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SP8:Germany

Address

41280 Bridge Street, Novi, MI, USA, 48375

Website

https://www.theshyftgroup.com

The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.

Executives

Joshua A Sherbin	officer: Chief Legal Officer	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Jonathan C Douyard	officer: Chief Financial Officer	C/O SPARTAN MOTORS, INC., 41280 BRIDGE STREET, NOVI MI 48375
Michael Dinkins	director	6166 NW 85TH WAY, PARKLAND FL 33067
Terri Pizzuto	director	3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515
Pamela L Kermisch	director	C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Mark B. Rourke	director	3101 PACKERLAND DRIVE, GREEN BAY WI 54313
James A. Sharman	director	C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Jacob Owen Farmer	officer: President, Specialty Vehicles	C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Stephen K Guillaume	officer: President, Specialty Chassis	C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
John Albert Dunn	officer: President Fleet Vehicles & Svc	C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Hindman Colin E	officer: Chief Human Resources Officer	3130 STONEY CREEK ROAD, OAKLAND MI 48363
Scott Matthew Ocholik	officer: Chief Accounting Officer	C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Carl A. Esposito	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Thomas R Clevinger	director	C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Daryl M Adams	officer: Chief Operating Officer	C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813