Titan Machinery (Titan Machinery) Cash-to-Debt

: 0.04 (As of Jan. 2024)

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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. Titan Machinery's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.04.

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, Titan Machinery couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TITN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 0.5
Current: 0.04

During the past 13 years, Titan Machinery's highest Cash to Debt Ratio was 0.50. The lowest was 0.04. And the median was 0.15.

TITN's Cash-to-Debt is ranked worse than
93.62% of 141 companies
in the Industrial Distribution industry
Industry Median: 0.52 vs TITN: 0.04

Titan Machinery Cash-to-Debt Historical Data

The historical data trend for Titan Machinery'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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Titan Machinery Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

0.08

0.26

0.50

0.11

0.04

Titan Machinery Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.11	0.06	0.07	0.08	0.04

Competitive Comparison

For the Industrial Distribution subindustry, Titan Machinery'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.

Titan Machinery Cash-to-Debt Distribution

For the Industrial Distribution industry and Industrials sector, Titan Machinery's Cash-to-Debt distribution charts can be found below:

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

Titan Machinery 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.

Titan Machinery's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	38.066	/	(918.303	+	157.371)
	=	0.04

Titan Machinery's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	38.066	/	(918.303	+	157.371)
	=	0.04

Titan Machinery (NAS:TITN) 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.

Titan Machinery Cash-to-Debt Related Terms

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Titan Machinery (Titan Machinery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Titan Machinery Inc (NAS:TITN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3TY:Germany

Address

644 East Beaton Drive, West Fargo, ND, USA, 58078-2648

Website

https://www.titanmachinery.com

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.

Executives

Stan K. Erickson	director	10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson	director
David Joseph Meyer	director, officer: Chairman and CEO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson	officer: Chief Operating Officer	C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton	director	225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner	director	C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack	director	9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson	director, officer: President and CFO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin	director	10543 EAST MARK LANE, SCOTTSDALE AZ 85262