Nobility Homes (Nobility Homes) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2023)

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What is Nobility Homes 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. Nobility Homes's cash to debt ratio for the quarter that ended in Jul. 2023 was No Debt ⁽¹⁾.

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

(1) 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.

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

NOBH' s Cash-to-Debt Range Over the Past 10 Years
Min: 33.98 Med: No Debt Max: 19420.5
Current: No Debt

During the past 13 years, Nobility Homes's highest Cash to Debt Ratio was 19420.50. The lowest was 33.98. And the median was No Debt.

NOBH's Cash-to-Debt is ranked better than
99.04% of 104 companies
in the Homebuilding & Construction industry
Industry Median: 0.515 vs NOBH: No Debt

Nobility Homes Cash-to-Debt Historical Data

The historical data trend for Nobility Homes'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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Nobility Homes Cash-to-Debt Chart

Nobility Homes Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Cash-to-Debt

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No Debt

43.92

19,420.50

No Debt

Nobility Homes Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nobility Homes's Cash-to-Debt

For the Residential Construction subindustry, Nobility Homes'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.

Nobility Homes's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Cash-to-Debt distribution charts can be found below:

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

Nobility Homes 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.

Nobility Homes's Cash to Debt Ratio for the fiscal year that ended in Oct. 2022 is calculated as:

Nobility Homes had no debt ⁽¹⁾.

Nobility Homes's Cash to Debt Ratio for the quarter that ended in Jul. 2023 is calculated as:

Nobility Homes had no debt ⁽¹⁾.

Nobility Homes (OTCPK:NOBH) 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.

Nobility Homes Cash-to-Debt Related Terms

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

Nobility Homes (Nobility Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Nobility Homes Inc (OTCPK:NOBH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3741 South west 7th Street, Ocala, FL, USA, 34474

Website

http://www.nobilityhomes.com

Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.

Executives

Terry Earl Trexler	director, 10 percent owner, officer: President and CEO	P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust	10 percent owner	3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler	director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer	officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge	officer: Secretary
Edward C Sims	officer: Vice President