Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is Hyster-Yale Materials Handling 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. Hyster-Yale Materials Handling's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, Hyster-Yale Materials Handling 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 Hyster-Yale Materials Handling's Cash-to-Debt or its related term are showing as below:

HY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.29 Max: 3.54
Current: 0.13

During the past 13 years, Hyster-Yale Materials Handling's highest Cash to Debt Ratio was 3.54. The lowest was 0.11. And the median was 0.29.

HY's Cash-to-Debt is ranked worse than
80.68% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.58 vs HY: 0.13

Hyster-Yale Materials Handling Cash-to-Debt Historical Data

The historical data trend for Hyster-Yale Materials Handling'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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Hyster-Yale Materials Handling Cash-to-Debt Chart

Hyster-Yale Materials Handling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.23

0.52

0.13

0.11

0.16

Hyster-Yale Materials Handling 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	0.12	0.15	0.16	0.13

Competitive Comparison of Hyster-Yale Materials Handling's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Hyster-Yale Materials Handling'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.

Hyster-Yale Materials Handling's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hyster-Yale Materials Handling's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hyster-Yale Materials Handling's Cash-to-Debt falls into.

Hyster-Yale Materials Handling 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.

Hyster-Yale Materials Handling'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)
	=	78.8	/	(252.7	+	241.3)
	=	0.16

Hyster-Yale Materials Handling'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)
	=	62.2	/	(235.1	+	239.7)
	=	0.13

Hyster-Yale Materials Handling (NYSE:HY) 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.

Hyster-Yale Materials Handling Cash-to-Debt Related Terms

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

Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hyster-Yale Materials Handling Inc (NYSE:HY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HYEA:Germany

Address

5875 Landerbrook Drive, Suite 300, Cleveland, OH, USA, 44124-4069

Website

https://www.hyster-yale.com

Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas region accounts for the larger share of the revenue.

Executives

Susan Sichel	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Batcheler Colleen	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Martha S Kelly	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Scott Minder	officer: SVP & Chief Financial Officer	5875 LANDERBROOK, SUITE 300, CLEVELAND OH 44124
Jon C Taylor	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Gregory Breier	officer: Vice President-Tax	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD OH 44124
Patric Schroeter	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Butler John C Jr	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al	director, officer: Chairman	5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin	director, other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124