SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'cash2debt' UNF (UniFirst) Cash-to-Debt
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UniFirst Corp (NYSE:UNF) » Definitions » Cash-to-Debt

UniFirst (UniFirst) Cash-to-Debt

: 1.42 (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. UniFirst's cash to debt ratio for the quarter that ended in Feb. 2024 was 1.42.

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, UniFirst could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

UNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.08   Med: 29.55   Max: No Debt
Current: 1.42

During the past 13 years, UniFirst's highest Cash to Debt Ratio was No Debt. The lowest was 1.08. And the median was 29.55.

UNF's Cash-to-Debt is ranked better than
55.9% of 1068 companies
in the Business Services industry
Industry Median: 0.995 vs UNF: 1.42

UniFirst Cash-to-Debt Historical Data

The historical data trend for UniFirst'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.

* Premium members only.

UniFirst Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 11.35 11.88 7.28 1.38

UniFirst 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.89 1.08 1.38 1.32 1.42
Competitive Comparison

For the Specialty Business Services subindustry, UniFirst'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.

UniFirst Cash-to-Debt Distribution

For the Business Services industry and Industrials sector, UniFirst's Cash-to-Debt distribution charts can be found below:

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


UniFirst 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.

UniFirst's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
=89.6 / (17.739 + 47.02)
=1.38

UniFirst'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)
=101.93 / (18.068 + 53.71)
=1.42

* 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.

UniFirst  (NYSE:UNF) 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.

UniFirst Cash-to-Debt Related Terms

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

UniFirst (UniFirst) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UniFirst Corp (NYSE:UNF) » Definitions » Cash-to-Debt
Comparable Companies
ABM CBZ LZ FA AZZ MMS BV TH SP VVI TSE:2453 LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN LSE:RTO ASX:BXB TSX:RBA
Traded in Other Exchanges
N/A
Address
68 Jonspin Road, Wilmington, MA, USA, 01887
Website
http://www.unifirst.com
UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.
Executives
David A Difillippo officer: Senior VP of Operations
Matthew Croatti 10 percent owner C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Michael A Croatti officer: Senior VP of Operations C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
William Masters Ross officer: Senior VP of Operations C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Shane O'connor officer: Senior VP and CFO 68 JONSPIN ROAD, WILMINGTON MA 01887
Steven S Sintros officer: VP of Finance and CFO 68 JONSPIN RD., WILMINGTON MA 01888
Sergio A Pupkin director C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
David Martin Katz officer: VP of Sales and Marketing 68 JONSPIN ROAD, WILMINGTON MA 01887
Joseph M Nowicki director C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Cynthia Croatti director, 10 percent owner, officer: Executive VP and Treasurer 68 JONSPIN ROAD, WILMINGTON DC 01887
Carol Croatti 10 percent owner 21 JEFFERSON DRIVE, LONDONDERRY NH 03053
The Ronald D Croatti Trust - 1993 10 percent owner C/O CAROL CROATTI, 21 JEFFERSON DRIVE, LONDONDERRY NH 03053
Kathleen M Camilli director
Michael Iandoli director 68 JONSPIN RD, WILMINGTON MA 01887
Phillip L Cohen director 68 JONSPIN ROAD, WILMINGTON MA 01887