Joy Global (Joy Global) Cash-to-Debt : 0.32 (As of Jan. 2017)

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What is Joy Global 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. Joy Global's cash to debt ratio for the quarter that ended in Jan. 2017 was 0.32.

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, Joy Global couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2017.

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

JOY's Cash-to-Debt is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash-to-Debt only.

Joy Global Cash-to-Debt Historical Data

The historical data trend for Joy Global'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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Joy Global Cash-to-Debt Chart

Joy Global Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Cash-to-Debt

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0.19

0.31

0.21

0.10

0.28

Joy Global Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.16	0.18	0.28	0.32

Competitive Comparison of Joy Global's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Joy Global'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.

Joy Global's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

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

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

Joy Global 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.

Joy Global's Cash to Debt Ratio for the fiscal year that ended in Oct. 2016 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)
	=	276.709	/	(42.054	+	964.979)
	=	0.27

Joy Global's Cash to Debt Ratio for the quarter that ended in Jan. 2017 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)
	=	321.909	/	(43.006	+	953.241)
	=	0.32

Joy Global (NYSE:JOY) 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.

Joy Global Cash-to-Debt Related Terms

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Joy Global (Joy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Joy Global Inc (NYSE:JOY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.joyglobal.com

Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.

Executives

Sean D Major	officer: EVP, GC and Secretary	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Doheny Edward L Ii	director, officer: President and CEO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
James M Sullivan	officer: EVP & CFO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Gale E Klappa	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
John Nils Hanson	director	100 E WISCONSIN AVE, SUITE 2780, MILWAUKEE WI 53202
Mark Joseph Gliebe	director	200 STATE STREET, BELOIT WI 53511
Randal W Baker	officer: EVP and COO	100 E WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Michael W Sutherlin	director, officer: President and CEO	7374 SE 71ST STREET, MERCER ISLAND WA 98040
Eric A. Nielsen	officer: EVP	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Ricky T Dillon	officer: VP and Controller	ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Ken C Johnsen	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Woodward James H Jr	officer: Executive Vice President, CFO	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Donald C Roof	officer: Executive Vice President, CFO	P O BOX 554, MILWAUKEE WI 53201