York Timber Holdings (JSE:YRK) Cash-to-Debt : 0.23 (As of Dec. 2023)

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What is York Timber Holdings 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. York Timber Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

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

JSE:YRK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.19 Max: 0.45
Current: 0.23

During the past 13 years, York Timber Holdings's highest Cash to Debt Ratio was 0.45. The lowest was 0.04. And the median was 0.19.

JSE:YRK's Cash-to-Debt is ranked worse than
57.45% of 282 companies
in the Forest Products industry
Industry Median: 0.315 vs JSE:YRK: 0.23

York Timber Holdings Cash-to-Debt Historical Data

The historical data trend for York Timber Holdings'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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York Timber Holdings Cash-to-Debt Chart

York Timber Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.13

0.08

0.19

0.04

0.45

York Timber Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.04	0.08	0.45	0.23

Competitive Comparison of York Timber Holdings's Cash-to-Debt

For the Lumber & Wood Production subindustry, York Timber Holdings'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.

York Timber Holdings's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, York Timber Holdings's Cash-to-Debt distribution charts can be found below:

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

York Timber Holdings 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.

York Timber Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	191.916	/	(164.538	+	259.3)
	=	0.45

York Timber Holdings'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)
	=	96.024	/	(251.402	+	163.109)
	=	0.23

York Timber Holdings (JSE:YRK) 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.

York Timber Holdings Cash-to-Debt Related Terms

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

York Timber Holdings (JSE:YRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » York Timber Holdings Ltd (JSE:YRK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Main Road, York Corporate Office, P.O. Box 1191, Sabie, MP, ZAF, 1260

Website

http://www.york.co.za

York Timber Holdings Ltd is an integrated forestry company. The company's operating segment includes Processing plants; Wholesale, Forestry and Fleet and Agriculture. It generates maximum revenue from the Processing plants segment. The processing plants segment is divided into two divisions namely Sawmilling and Plywood. Geographically, it derives a majority of revenue from South Africa and also has a presence in the Southern Africa Development Community (SADC) and the United Kingdom, Belgium, China, and the United States of America.

York Timber Holdings (JSE:YRK) Headlines

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