Tandy Leather Factory (Tandy Leather Factory) Cash-to-Debt : 1.29 (As of Dec. 2023)

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What is Tandy Leather Factory 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. Tandy Leather Factory's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.29.

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, Tandy Leather Factory could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.77 Med: 1.81 Max: 2.84
Current: 1.29

During the past 13 years, Tandy Leather Factory's highest Cash to Debt Ratio was 2.84. The lowest was 0.77. And the median was 1.81.

TLF's Cash-to-Debt is ranked better than
69.41% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs TLF: 1.29

Tandy Leather Factory Cash-to-Debt Historical Data

The historical data trend for Tandy Leather Factory'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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Tandy Leather Factory Cash-to-Debt Chart

Tandy Leather Factory Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.73

0.78

0.87

0.77

1.29

Tandy Leather Factory 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															0.77	0.75	0.88	0.87	1.29

Competitive Comparison of Tandy Leather Factory's Cash-to-Debt

For the Specialty Retail subindustry, Tandy Leather Factory'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.

Tandy Leather Factory's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tandy Leather Factory's Cash-to-Debt distribution charts can be found below:

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

Tandy Leather Factory 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.

Tandy Leather Factory'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)
	=	12.159	/	(3.172	+	6.254)
	=	1.29

Tandy Leather Factory'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)
	=	12.159	/	(3.172	+	6.254)
	=	1.29

Tandy Leather Factory (NAS:TLF) 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.

Tandy Leather Factory Cash-to-Debt Related Terms

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Tandy Leather Factory (Tandy Leather Factory) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tandy Leather Factory Inc (NAS:TLF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Southeast Loop 820, Fort Worth, TX, USA, 76140

Website

https://www.tandyleather.com

Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. Geographically the company operates within United States, Canada and others and generates the highest revenue from the United States.

Executives

Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Holdings, Llc	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Janet A Carr	director, officer: CEO	116 S PORTLAND AVENUE, BROOKLYN NY 11217
Jefferson Gramm	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Shannon L Greene	director, officer: CFO/TREASURER	3800 FALCON LAKE DRIVE, ARLINGTON TX 76016
Mark J Angus	officer: SR VICE PRESIDENT	1900 SE LOOP 820, FORTH WORTH TX 76140
James C Pappas	director	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
T Field Lange	director	6300 RIDGLEA PLACE, #500, FORT WORTH TX 76116
Victoria Marie Cantrell	director	2 BERRY LANE, RANDOLPH NJ 07869
Sejal Vinu Patel	director	400 PARK AVENUE, 21ST FL, NEW YORK NY 10022
Beshore Brent Cornell	director	315 N TENTH ST, COLUMBIA MO 65201
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Joseph R Mannes	director	4016 MCFARLIN BLVD, DALLAS TX 75205