The Cato (FRA:CO2A) Cash-to-Debt : 0.67 (As of Jan. 2024)

View and export this data going back to 2014. Start your Free Trial

What is The Cato 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 Cato's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.67.

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 Cato couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

FRA:CO2A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 5000.5 Max: No Debt
Current: 0.67

During the past 13 years, The Cato's highest Cash to Debt Ratio was No Debt. The lowest was 0.67. And the median was 5000.50.

FRA:CO2A's Cash-to-Debt is ranked better than
58.18% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs FRA:CO2A: 0.67

The Cato Cash-to-Debt Historical Data

The historical data trend for The Cato'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.

* Premium members only.

The Cato Cash-to-Debt Chart

The Cato Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

Get a 7-Day Free Trial

1.01

0.70

0.90

0.74

0.67

The Cato Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.74	0.82	0.97	0.97	0.67

Competitive Comparison of The Cato's Cash-to-Debt

For the Apparel Retail subindustry, The Cato'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 Cato's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Cato's Cash-to-Debt distribution charts can be found below:

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

The Cato 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 Cato's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	94.51	/	(56.097	+	84.468)
	=	0.67

The Cato's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	94.51	/	(56.097	+	84.468)
	=	0.67

The Cato (FRA:CO2A) 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 Cato Cash-to-Debt Related Terms

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

The Cato (FRA:CO2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Cato Corp (FRA:CO2A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CATO:USA

Address

8100 Denmark Road, Charlotte, NC, USA, 28273-5975

Website

https://www.catofashions.com

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services.

The Cato (FRA:CO2A) Headlines

No Headlines