McRae Industries (McRae Industries) Cash-to-Debt : 16.87 (As of Jul. 2023)

View and export this data going back to 2005. Start your Free Trial

What is McRae Industries 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. McRae Industries's cash to debt ratio for the quarter that ended in Jul. 2023 was 16.87.

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, McRae Industries could pay off its debt using the cash in hand for the quarter that ended in Jul. 2023.

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

MCRAA' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.87 Med: 5008.43 Max: No Debt
Current: 16.87

During the past 13 years, McRae Industries's highest Cash to Debt Ratio was No Debt. The lowest was 16.87. And the median was 5008.43.

MCRAA's Cash-to-Debt is ranked better than
88.49% of 1034 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.475 vs MCRAA: 16.87

McRae Industries Cash-to-Debt Historical Data

The historical data trend for McRae Industries'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.

McRae Industries Cash-to-Debt Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Cash-to-Debt

Get a 7-Day Free Trial

0.67

53.09

N/A

No Debt

16.87

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Cash-to-Debt	Get a 7-Day Free Trial															0.67	53.09	N/A	No Debt	16.87

Competitive Comparison of McRae Industries's Cash-to-Debt

For the Footwear & Accessories subindustry, McRae Industries'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.

McRae Industries's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Cash-to-Debt distribution charts can be found below:

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

McRae Industries 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.

McRae Industries's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	39.835	/	(0.429	+	1.933)
	=	16.86

McRae Industries's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	39.835	/	(0.429	+	1.933)
	=	16.86

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries Cash-to-Debt Related Terms

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

McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.