What is CTS 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. CTS's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.70.
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, CTS could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.
The historical rank and industry rank for CTS's Cash-to-Debt or its related term are showing as below:
CTS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 1.43 Max: 2.08
Current: 1.7
During the past 13 years, CTS's highest Cash to Debt Ratio was 2.08. The lowest was 0.72. And the median was 1.43.
CTS Cash-to-Debt Historical Data
The historical data trend for CTS'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.
CTS Cash-to-Debt Chart
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CTS Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
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|
|
|
0.79 |
1.13 |
1.89 |
1.44 |
1.69 |
|
CTS Quarterly Data
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|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Cash-to-Debt |
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|
|
|
|
|
|
|
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|
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1.37 |
1.43 |
1.50 |
1.69 |
1.70 |
Competitive Comparison of CTS's Cash-to-Debt
For the Electronic Components subindustry, CTS'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.
CTS's Cash-to-Debt Distribution in the Hardware Industry
For the Hardware industry and Technology sector, CTS's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where CTS's Cash-to-Debt falls into.
CTS 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.
CTS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
CTS's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:
* 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.
CTS (CTS) Business Description
Traded in Other Exchanges
Address
4925 Indiana Avenue, Lisle, IL, USA, 60532
CTS Corp operates in the electronics industry. The company is a global manufacturer of Sensors, Electronic components, and Actuators. It designs, manufactures, and sells a broad line of sensors, electronic components, and actuators mainly to original equipment manufacturers (OEM) for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. Geographically, it derives a majority of its revenue from the United States and also has a presence in China; Singapore; the Czech Republic; Taiwan and other countries.
Executives
| Randy Lee Stone |
director |
974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805 |
| Kieran M O'sullivan |
director, officer: President & CEO |
2375 CABOT DRIVE, LISLE IL 60532 |
| Martin Baumeister |
officer: Senior Vice President |
4925 INDIANA AVENUE, LISLE IL 60532 |
| Michael Edward Murray |
officer: Senior Vice President |
4925 INDIANA AVENUE, LISLE IL 60532 |
| Ye Jane Li |
director |
200 FLYNN ROAD, CAMARILLO CA 93012-8790 |
| Ashish Agrawal |
officer: CFO |
2375 CABOT DRIVE, LISLE IL 60525 |
| Thomas Michael White |
officer: Controller and PAO |
4925 INDIANA AVENUE, LISLE IL 60532 |
| Scott D'angelo |
officer: VP & Secretary |
4925 INDIANA AVENUE, LISLE IL 60532 |
| Donna Costello |
director |
17 STEWART COURT, WESTWOOD NJ 07675 |
| Alfonso G Zulueta |
director |
4925 INDIANA AVE, LISLE IL 60532 |
| Gordon Hunter |
director |
25950 ELENA RD, LOS ALTOS HILLS CA 94022 |
| Diana M Murphy |
director |
C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224 |
| William S Johnson |
director |
C/O CABOT MICROELECTRONICS, 870 N. COMMONS DR, AURORA IL 60504 |
| Luis Francisco Machado |
officer: VP, General Counsel & Sec. |
1142 W. BEARDSLEY AVENUE, ELKHART IN 46514 |
| Rajeeb K Nath |
officer: Vice President |
1142 WEST BEARDSLEY AVENUE, ELKHART IN 46514 |
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