Zurn Elkay Water Solutions (Zurn Elkay Water Solutions) Cash-to-Debt : 0.29 (As of Mar. 2024)

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What is Zurn Elkay Water Solutions 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. Zurn Elkay Water Solutions's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.29.

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, Zurn Elkay Water Solutions couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

ZWS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.22 Max: 0.4
Current: 0.29

During the past 13 years, Zurn Elkay Water Solutions's highest Cash to Debt Ratio was 0.40. The lowest was 0.10. And the median was 0.22.

ZWS's Cash-to-Debt is ranked worse than
78.57% of 2996 companies
in the Industrial Products industry
Industry Median: 1.18 vs ZWS: 0.29

Zurn Elkay Water Solutions Cash-to-Debt Historical Data

The historical data trend for Zurn Elkay Water Solutions'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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Zurn Elkay Water Solutions Cash-to-Debt Chart

Zurn Elkay Water Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.24

0.39

0.17

0.22

0.25

Zurn Elkay Water Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.17	0.29	0.25	0.29

Competitive Comparison of Zurn Elkay Water Solutions's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Zurn Elkay Water Solutions'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.

Zurn Elkay Water Solutions's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zurn Elkay Water Solutions's Cash-to-Debt falls into.

Zurn Elkay Water Solutions 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.

Zurn Elkay Water Solutions's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	136.7	/	(11.5	+	531.7)
	=	0.25

Zurn Elkay Water Solutions's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	157.1	/	(11.1	+	529.2)
	=	0.29

Zurn Elkay Water Solutions (NYSE:ZWS) 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.

Zurn Elkay Water Solutions Cash-to-Debt Related Terms

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Zurn Elkay Water Solutions (Zurn Elkay Water Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zurn Elkay Water Solutions Corp (NYSE:ZWS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4RX0:Germany

Address

511 West Freshwater Way, Milwaukee, WI, USA, 53204

Website

https://www.zurn-elkay.com

Zurn Elkay Water Solutions Corp designs procure, manufactures, and markets a range of clean water solutions for drinking water, hygiene, and sustainable water management. The Zurn Elkay product portfolio includes professional-grade water control and safety, water distribution and drainage, drinking water, finish plumbing, hygienic, environmental and site works products for public and private spaces.

Executives

Michael Troutman	officer: Chief Information Officer	247 FRESHWATER WAY, SUITE 300, MILWAUKEE WI 53204
Craig Wehr	officer: Group Ex., President-Zurn	C/O REXNORD CORPORATION, P.O. BOX 2022, MILWAUKEE WI 53201
Emma M Mctague	director	1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Jeffrey A Schoon	officer: Executive Vice President	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Kate Silha	officer: Chief Human Resources Officer	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Rodney Jackson	officer: SVP-Bus.&Corp. Development	C/O REXNORD CORPORATION, P.O. BOX 2022, MILWAUKEE WI 53201
Sudhanshu Chhabra	officer: VP-Zurn Business Systems	C/O REXNORD CORPORATION, 247 FRESHWATER WAY, SUITE 300, MILWAUKEE WI 53204
Thomas Christopoul	director	RESOURCES CONNECTION INC, 17101 ARMSTRONG AVENUE, IRVINE CA 92614
Katz 2004 Dyn Trust	10 percent owner	C/O ERROL R. HALPERIN, 444 W. LAKE STREET, SUITE 900, CHICAGO IL 60606
Errol R. Halperin	director	C/O VITAL THERAPIES, INC., 15010 AVENUE OF SCIENCE, SUITE 200, SAN DIEGO CA 92128
Timothy J Jahnke	director	115 ANSLEY WAY, ROSWELL GA 30075
Hamilton William Edward Iv	officer: Pres. Elkay Mfg. Company	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Cascade Bay Llc	10 percent owner	C/O THE NORTHERN TRUST COMPANY, 50 S. LASALLE ST., B-3, CHICAGO IL 60603
Ice Mountain Llc	10 percent owner	C/O THE NORTHERN TRUST COMPANY, 50 S. LASALLE ST., B-3, CHICAGO IL 60603
Ronald C. Katz	10 percent owner	827 S. GARFIELD STREET, HINSDALE IL 60521