The Eastern Co (The Eastern Co) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is The Eastern Co 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. The Eastern Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, The Eastern Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

EML' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.32 Max: 12.72
Current: 0.15

During the past 13 years, The Eastern Co's highest Cash to Debt Ratio was 12.72. The lowest was 0.08. And the median was 0.32.

EML's Cash-to-Debt is ranked worse than
87.98% of 2996 companies
in the Industrial Products industry
Industry Median: 1.18 vs EML: 0.15

The Eastern Co Cash-to-Debt Historical Data

The historical data trend for The Eastern Co'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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The Eastern Co Cash-to-Debt Chart

The Eastern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.16

0.15

0.08

0.13

0.15

The Eastern Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.18	0.18	0.15	0.15

Competitive Comparison of The Eastern Co's Cash-to-Debt

For the Tools & Accessories subindustry, The Eastern Co'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.

The Eastern Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

The Eastern Co 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.

The Eastern Co'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)
	=	9.286	/	(7.478	+	54.604)
	=	0.15

The Eastern Co's Cash to Debt Ratio for the quarter 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)
	=	9.286	/	(7.478	+	54.604)
	=	0.15

The Eastern Co (NAS:EML) 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.

The Eastern Co Cash-to-Debt Related Terms

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

The Eastern Co (The Eastern Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Eastern Co (NAS:EML) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Enterprise Drive, Suite 408, Shelton, CT, USA, 06484

Website

https://www.easterncompany.com

The Eastern Co manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. It operates in United States and Other Countries, and generates majority of the revenue from United States.

Executives

Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
Mark Anthony Hernandez	director	112 BRIDGE STREET, NAUGATUCK CT 06770
Michael J Mardy	director
Charles W Henry	director	62 TUNXIS VILLAGE, FARMINGTON CT 06032
James A Mitarotonda	director, 10 percent owner	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Nicholas Alec Vlahos	officer: Chief Financial Officer	3 ENTERPRISE DRIVE SUITE 408, SHELTON CT 06484
Peter S. O'hara	officer: Chief Financial Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Barington Capital Group L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Equity Partners L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Investors, Llc	director, 10 percent owner	C/O BARINGTON CAPITAL GROUP, L.P., 888 SEVENTH AVENUE, 17TH FLOOR, NEW YORK NY 10019
James P. Woidke	officer: Chief Operating Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Sullivan John L Iii	officer: VP, Sect'y and Treas	13 CEDAR DRIVE, CROMWELL CT 06416
August M. Vlak	officer: President & CEO	112 BRIDGE STREET, NAUGATUCK CT 06770
Peggy Scott	director	15438 NORTH FLORIDA AVENUE, SUITE 201, TAMPA FL 33613
Angelo Labbadia	officer: Vice President & COO	230 SYCAMORE DRIVE, PROSPECT CT 06712