YETI Holdings (YETI Holdings) Cash-to-Debt : 1.00 (As of Mar. 2024)

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What is YETI Holdings 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. YETI Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.00.

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

YETI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.52 Max: 2.49
Current: 1

During the past 11 years, YETI Holdings's highest Cash to Debt Ratio was 2.49. The lowest was 0.04. And the median was 0.52.

YETI's Cash-to-Debt is ranked better than
59.42% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.58 vs YETI: 1.00

YETI Holdings Cash-to-Debt Historical Data

The historical data trend for YETI Holdings'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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YETI Holdings Cash-to-Debt Chart

YETI Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

1.42

1.68

1.43

2.49

YETI Holdings 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															1.08	1.43	1.76	2.49	1.00

Competitive Comparison of YETI Holdings's Cash-to-Debt

For the Leisure subindustry, YETI Holdings'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.

YETI Holdings's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, YETI Holdings's Cash-to-Debt distribution charts can be found below:

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

YETI Holdings 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.

YETI Holdings'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)
	=	438.96	/	(21.305	+	154.808)
	=	2.49

YETI Holdings'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)
	=	173.911	/	(22.07	+	152.777)
	=	0.99

YETI Holdings (NYSE:YETI) 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.

YETI Holdings Cash-to-Debt Related Terms

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

YETI Holdings (YETI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » YETI Holdings Inc (NYSE:YETI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1YN:Germany 1YN:Germany

Address

7601 Southwest Parkway, Austin, TX, USA, 78735

Website

http://www.yeti.com

YETI Holdings Inc is a designer, marketer, and distributor of premium products for the outdoor and recreation market sold under the YETI brand. The company offers products including coolers and equipment, drinkware, and other accessories. Its trademark products include YETI, Tundra, Hopper, YETI TANK, Rambler, Colster, Rambler Colster, Roadie, and Wildly Stronger! Keep Ice Longer!, SideKick, FatWall, PermaFrost, T-Rex, ColdLock, NeverFail, AnchorPoint, InterLock, BearFoot, Vortex, DoubleHaul, LipGrip, Vortex, DryHide, ColdCell, HydroLock, Over-the-Nose, and LOAD-AND-LOCK. The company distributes products through wholesale channels and through direct-to-consumer, or DTC, channels.

Executives

Michael John Mcmullen	officer: Interim CFO	7601 SOUTHWEST PARKWAY, AUSTIN TX 78735
Martin Duff	officer: SVP Supply Chain & Operations	7601 SOUTHWEST PARKWAY, AUSTIN TX 78735
Syed Faiz Ahmad	officer: Chief Commercial Officer	7601 SOUTHWEST PARKWAY, AUSTIN TX 78735
Matthew J Reintjes	director, officer: President and CEO	5301 SOUTHWEST PARKWAY, SUITE 200, AUSTIN TX 78735
Kirk A Zambetti	officer: SVP of Sales	7601 SOUTHWEST PARKWAY, AUSTIN TX 78735
Bryan C. Barksdale	officer: SVP, GC and Secretary	7601 SOUTHWEST PARKWAY, AUSTIN TX 78735
Hollie Sammons Castro	officer: SVP of Talent	2101 CITYWEST BLVD., HOUSTON TX 77042
Paul C Carbone	officer: SVP and CFO	YETI HOLDING, INC., 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735
Roy J Seiders	director, 10 percent owner	5301 SOUTHWEST PARKWAY, SUITE 200, AUSTIN TX 78735
Alison Dean	director	C/O IROBOT CORPORATION, 63 SOUTH AVENUE, BURLINGTON MA 01803
Tracey D Brown	director	675 AVENUE OF THE AMERICAS, 6TH FLOOR, NEW YORK NY 10010
Cortec Group Gp, Llc	10 percent owner	140 EAST 45TH STREET, 43RD FLOOR, NEW YORK NY 10017
Mary Lou Kelley	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Michael K Kienitz	officer: SVP, Operations	7601 SOUTHWEST PARKWAY, AUSTIN TX 78735
Frank D Gibeau	director	699 8TH STREET, C/O ZYNGA INC., SAN FRANCISCO CA 94103