Veralto (Veralto) Cash-to-Debt : 0.32 (As of Mar. 2024)

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What is Veralto 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. Veralto's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.32.

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

VLTO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.22 Max: 0.32
Current: 0.32

During the past 4 years, Veralto's highest Cash to Debt Ratio was 0.32. The lowest was 0.10. And the median was 0.22.

VLTO's Cash-to-Debt is ranked worse than
76.67% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs VLTO: 0.32

Veralto Cash-to-Debt Historical Data

The historical data trend for Veralto'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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Veralto Cash-to-Debt Chart

Veralto Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.27

Veralto Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					N/A	0.10	0.16	0.27	0.32

Competitive Comparison of Veralto's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Veralto'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.

Veralto's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Veralto 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.

Veralto'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)
	=	762	/	(33	+	2744)
	=	0.27

Veralto'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)
	=	827	/	(0	+	2618)
	=	0.32

Veralto (NYSE:VLTO) 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.

Veralto Cash-to-Debt Related Terms

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Veralto (Veralto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Veralto Corp (NYSE:VLTO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VLTO:Mexico RZ2:Germany

Address

c/o Danaher Corporation, Suite 800W, 2200 Pennsylvania Avenue, N.W, Washington DC, WA, USA, 20037

Website

http://www.veralto.com

Veralto Corp is company which is a global provider of essential technology solutions that safeguard many of the world's most vital resources. The company operates in two segments such as Water Quality and Product Quality & Innovation. Through WQ segment they improve the quality and reliability of water through leading brands including Hach, Trojan Technologies and ChemTreat. Through PQI segment they promote consumer trust in products and help enable product innovation through leading brands including Videojet, Linx, Esko, X-Rite and Pantone.

Executives

Melissa Aquino	officer: SVP, Water Quality	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sameer Ralhan	officer: SVP, Chief Financial Officer	C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19899
Surekha Trivedi	officer: SVP, Strategy & Sustainability	C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451
Mattias Bystrom	officer: SVP-Prod. Quality & Innovation	C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451
Lesley Beneteau	officer: SVP, Human Resources	C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451
Cindy L. Wallis-lage	director	C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Bernard M Skeete	officer: VP, Chief Accounting Officer	C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Sylvia Ann Stein	officer: SVP, General Counsel	1500 DEKOVEN AVE., RACINE WI 53403
Shyam Kambeyanda	director	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Thomas L Williams	director	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Heath A Mitts	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Francoise Colpron	director	SEALED AIR CORPORATION, 2415 CASCADE POINTE BOUVELVARD, CHARLOTTE NC 28208
William King	director	2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
Walter G Lohr	director	DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
Daniel L Comas	director	DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006