Virco Manufacturing (Virco Manufacturing) Cash-to-Debt : 0.44 (As of Jan. 2024)

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What is Virco Manufacturing 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. Virco Manufacturing's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.44.

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

VIRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.44
Current: 0.44

During the past 13 years, Virco Manufacturing's highest Cash to Debt Ratio was 0.44. The lowest was 0.01. And the median was 0.04.

VIRC's Cash-to-Debt is ranked worse than
65.95% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.935 vs VIRC: 0.44

Virco Manufacturing Cash-to-Debt Historical Data

The historical data trend for Virco Manufacturing'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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Virco Manufacturing Cash-to-Debt Chart

Virco Manufacturing Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.03

0.01

0.04

0.03

0.44

Virco Manufacturing 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	Get a 7-Day Free Trial															0.03	0.01	0.03	0.30	0.44

Competitive Comparison of Virco Manufacturing's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Virco Manufacturing'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.

Virco Manufacturing's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Virco Manufacturing's Cash-to-Debt distribution charts can be found below:

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

Virco Manufacturing 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.

Virco Manufacturing'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)
	=	5.286	/	(5.992	+	5.965)
	=	0.44

Virco Manufacturing'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)
	=	5.286	/	(5.992	+	5.965)
	=	0.44

Virco Manufacturing (NAS:VIRC) 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.

Virco Manufacturing Cash-to-Debt Related Terms

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

Virco Manufacturing (Virco Manufacturing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Virco Manufacturing Corp (NAS:VIRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2027 Harpers Way, Torrance, CA, USA, 90501

Website

https://www.virco.com

Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.

Executives

Patricia Levine Quinones	officer: Vice President	6008 E. CALLE CEDRO, ANAHEIM CA 92807
Bradley C Richardson	director
Craig L Levra	director	C/O SPORT CHALET INC, ONE SPORT CHALET DRIVE, LA CANADA CA 91011
Agnieszka Winkler	director	C/O INTER-TEL, INCORPORATED, 1615 SOUTH 52ND STREET, TEMPE AZ 85281
Kathleen D Young	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Douglas A Virtue	director, officer: Executive Vice President
Robert A Virtue	director, officer: President & CEO & Chairman
Donald R Rudkin	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Alexander L Cappello	director	C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Bassey Yau	officer: Assistant Secretary / Treasure	5502 MARICOPA ST., TORRANCE CA 90501
Robert M Hupe	officer: VP General Counsel	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Jerry Scott Bell	officer: COO	C/O VIRCO MFG. CORPORATION, TORRANCE CA 90501
Robert James Devers	officer: Sr. VP, Information Technology	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Johnson James David Ii	officer: Sr. Vice President Marketing	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Michael Anthony Digregorio	director	C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245