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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. CAI International's cash to debt ratio for the quarter that ended in Sep. 2021 was 0.02.
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, CAI International couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.
The historical rank and industry rank for CAI International's Cash-to-Debt or its related term are showing as below:
During the past 13 years, CAI International's highest Cash to Debt Ratio was 0.21. The lowest was 0.02. And the median was 0.04.
The historical data trend for CAI International'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.
CAI International Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 |
CAI International Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Cash-to-Debt | Get a 7-Day Free Trial | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
For the Rental & Leasing Services subindustry, CAI International'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.
For the Business Services industry and Industrials sector, CAI International's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where CAI International's Cash-to-Debt falls into.
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.
CAI International's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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) | |
= | 53.547 | / | (185.648 | + | 1564.083) | |
= | 0.03 |
CAI International's Cash to Debt Ratio for the quarter that ended in Sep. 2021 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) | |
= | 47.028 | / | (161.748 | + | 2097.881) | |
= | 0.02 |
* 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.
CAI International (NYSE:CAI) 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.
Thank you for viewing the detailed overview of CAI International's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel James Hallahan | officer: Senior VP, Global Marketing | GREYS FARM STANFORD RIVERS ROAD MARDEN ASH ONGAR ESSEX X0 CM5 9BT |
Timothy B Page | director, officer: EVP and Interim CEO | 3000 NW 107TH AVE MIAMI FL 33172 |
John H Williford | director | STEUART TOWER, 1 MARKET PLAZA, SUITE 900, SAN FRANCISCO CA 94105 |
Gary Sawka | director | ONE EMBARCADERO CENTER, SUITE 2101 SAN FRANCISCO CA 94111 |
Kathryn G Jackson | director | STEUART TOWER 1 MARKET PLAZA, SUITE 900 SAN FRANCISCO CA 94105 |
Andrew Ogawa | director, 10 percent owner | 49 FAIRVIEW AVE ATHERTON CA 94027 |
David G Remington | director | ONE EMBARCADERO CENTER, SUITE 2101, SAN FRANCISCO CA 94111 |
Victor Garcia | director, officer: President and CEO | ONE EMBARCADERO CENTER, SUITE 2101 SAN FRANCISCO CA 94111 |
Camille Cutino | officer: VP, Operations and HR | ONE EMBARCADERO CENTER, SUITE 2101 SAN FRANCISCO CA 94111 |
Masaaki Nishibori | director | ONE EMBARCADERO CENTER, SUITE 2101 SAN FRANCISCO CA 94111 |
Marvin Dennis | director | ONE EMBARCADERO CENTER, SUITE 2101 SAN FRANCISCO CA 94111 |
Ogawa Family Trust | 10 percent owner | 49 FAIRVIEW AVE ATHERTON CA 94027 |
Hiromitsu Ogawa | director, 10 percent owner | ONE EMBARCADERO CENTER, SUITE 2101 SAN FRANCISCO CA 94111 |
William Liebeck | director | ONE EMBARCADERO CENTER, SUITE 2101 SAN FRANCISCO CA 94111 |
Nadine Baleeiro Teixeira | officer: VP International Legal Affairs | ONE EMBARCADERO CENTER SUITE 2101 SAN FRANCISCO CA 94111 |
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