Decker Manufacturing (Decker Manufacturing) Cash-to-Debt : 1.74 (As of Sep. 2023)

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What is Decker Manufacturing 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. Decker Manufacturing's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.74.

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, Decker Manufacturing could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Decker Manufacturing's Cash-to-Debt or its related term are showing as below:

DMFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.74 Med: 1.74 Max: 1.74
Current: 1.74

During the past 0 years, Decker Manufacturing's highest Cash to Debt Ratio was 1.74. The lowest was 1.74. And the median was 1.74.

DMFG's Cash-to-Debt is ranked better than
57.4% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs DMFG: 1.74

Decker Manufacturing Cash-to-Debt Historical Data

The historical data trend for Decker Manufacturing'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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Decker Manufacturing Cash-to-Debt Chart

Decker Manufacturing Annual Data

Trend

Cash-to-Debt

Decker Manufacturing Quarterly Data
	Sep22	Sep23
Cash-to-Debt	N/A	1.74

Competitive Comparison of Decker Manufacturing's Cash-to-Debt

For the Tools & Accessories subindustry, Decker Manufacturing'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.

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

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

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

Decker Manufacturing 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.

Decker Manufacturing's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Decker Manufacturing's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	12.217	/	(5.778	+	1.265)
	=	1.73

Decker Manufacturing (OTCPK:DMFG) 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.

Decker Manufacturing Cash-to-Debt Related Terms

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

Decker Manufacturing (Decker Manufacturing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Decker Manufacturing Corp (OTCPK:DMFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

703 North Clark Street, Albion, MI, USA, 49224

Website

https://www.deckernut.com

Decker Manufacturing Corp is engaged in supplying high-quality fasteners to the automotive, farm implement, highway, and construction industries. Its products include hex nuts, weld nuts, pipe plugs, and other industrial fasteners.

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