Richelieu Hardware (TSX:RCH) Cash-to-Debt : 0.10 (As of Feb. 2024)

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What is Richelieu Hardware 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. Richelieu Hardware's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.10.

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, Richelieu Hardware 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 Richelieu Hardware's Cash-to-Debt or its related term are showing as below:

TSX:RCH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 1.22 Max: 12.09
Current: 0.1

During the past 13 years, Richelieu Hardware's highest Cash to Debt Ratio was 12.09. The lowest was 0.06. And the median was 1.22.

TSX:RCH's Cash-to-Debt is ranked worse than
85.95% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.935 vs TSX:RCH: 0.10

Richelieu Hardware Cash-to-Debt Historical Data

The historical data trend for Richelieu Hardware'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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Richelieu Hardware Cash-to-Debt Chart

Richelieu Hardware Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.34

0.88

0.59

0.08

0.22

Richelieu Hardware 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															0.09	0.08	0.11	0.22	0.10

Competitive Comparison of Richelieu Hardware's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Richelieu Hardware'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.

Richelieu Hardware's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Richelieu Hardware's Cash-to-Debt distribution charts can be found below:

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

Richelieu Hardware 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.

Richelieu Hardware's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	46.327	/	(63.546	+	145.742)
	=	0.22

Richelieu Hardware'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)
	=	25.862	/	(78.993	+	169.211)
	=	0.10

Richelieu Hardware (TSX:RCH) 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.

Richelieu Hardware Cash-to-Debt Related Terms

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

Richelieu Hardware (TSX:RCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Richelieu Hardware Ltd (TSX:RCH) » Definitions » Cash-to-Debt

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RHUHF:USA

Address

7900 Henri-Bourassa Boulevard West, Ville Saint-Laurent, Montreal, QC, CAN, H4S 1V4

Website

https://www.richelieu.com

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada. Richelieu's products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.

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