Steelcase (Steelcase) Cash-to-Debt

: 0.51 (As of Feb. 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. Steelcase's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.51.

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, Steelcase couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

SCS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.7 Max: 0.96
Current: 0.51

During the past 13 years, Steelcase's highest Cash to Debt Ratio was 0.96. The lowest was 0.13. And the median was 0.70.

SCS's Cash-to-Debt is ranked worse than
67.49% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs SCS: 0.51

Steelcase Cash-to-Debt Historical Data

The historical data trend for Steelcase'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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Steelcase Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

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0.73

0.67

0.28

0.13

0.51

Steelcase Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.06	0.24	0.41	0.51

Competitive Comparison

For the Business Equipment & Supplies subindustry, Steelcase'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.

Steelcase Cash-to-Debt Distribution

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

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

Steelcase 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.

Steelcase's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	318.6	/	(45.1	+	584.9)
	=	0.51

Steelcase's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	318.6	/	(45.1	+	584.9)
	=	0.51

Steelcase (NYSE:SCS) 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.

Steelcase Cash-to-Debt Related Terms

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Steelcase (Steelcase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Steelcase Inc (NYSE:SCS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GJB:Germany GJB:Germany

Address

901 44th Street SE, Grand Rapids, MI, USA, 49508

Website

https://www.steelcase.com

Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.

Executives

Nicole Cherie Mcgrath	officer: VP, Corp Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Robert G Krestakos	officer: VP, Global Operations	901 44TH STREET SE, GRAND RAPIDS MI 49508
David C Sylvester	officer: Senior Vice President, CFO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Lizbeth S O'shaughnessy	officer: Senior VP, CLO and Secretary	901 44TH STREET SE, GRAND RAPIDS MI 49508
Wege Peter M Ii	director	901 44TH ST SE, GRAND RAPIDS MI 49508
Sanjay Gupta	director	2775 SANDERS ROAD, NORTHBROOK IL 60062
Sara E Armbruster	officer: VP, WS Futures & Corp Strategy	901 44TH STREET SE, GRAND RAPIDS MI 49508
Jennifer C Niemann	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Steven Douglas Miller	officer: VP, Chief Technology Officer	901 44TH STREET SE, GRAND RAPIDS MI 49508
Guillaume M Alvarez	officer: Senior VP, EMEA	901 44TH STREET SE, GRAND RAPIDS MI 49508
Kate P Wolters	director	901 44TH ST, GRAND RAPIDS MI 49508
Robin L Zondervan	officer: Corporate Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Eddy F Schmitt	officer: Senior VP, Americas	901 44TH STREET SE, GRAND RAPIDS MI 49508
Linda K Williams	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Donna K Flynn	officer: VP, Global Talent Management	901 44TH STREET SE, GRAND RAPIDS MI 49508