Parsons (Parsons) Cash-to-Debt : 0.30 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Parsons 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. Parsons's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.30.

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, Parsons couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

PSN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.3 Max: 1.79
Current: 0.3

During the past 8 years, Parsons's highest Cash to Debt Ratio was 1.79. The lowest was 0.13. And the median was 0.30.

PSN's Cash-to-Debt is ranked worse than
81.8% of 2796 companies
in the Software industry
Industry Median: 2.42 vs PSN: 0.30

Parsons Cash-to-Debt Historical Data

The historical data trend for Parsons'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.

Parsons Cash-to-Debt Chart

Parsons Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.36

0.58

0.43

0.29

Parsons Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.19	0.21	0.29	0.30

Competitive Comparison of Parsons's Cash-to-Debt

For the Information Technology Services subindustry, Parsons'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.

Parsons's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Parsons's Cash-to-Debt distribution charts can be found below:

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

Parsons 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.

Parsons'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)
	=	272.943	/	(58.556	+	868.597)
	=	0.29

Parsons's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	423.12	/	(55.024	+	1353.135)
	=	0.30

Parsons (NYSE:PSN) 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.

Parsons Cash-to-Debt Related Terms

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

Parsons (Parsons) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Parsons Corp (NYSE:PSN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

59P:Germany 59P:Germany

Address

5875 Trinity Parkway, Suite 300, Centreville, VA, USA, 21120

Website

https://www.parsons.com

Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

Executives

George L. Ball	officer: Chief Financial Officer	10943 N. SAM HOUSTON PARKWAY W., HOUSTON TX 77064
Matthew Ofilos	officer: Chief Financial Officer	C/O PARSONS CORPORATION, 5875 TRINITY PARKWAY, #300, CENTREVILLE VA 20210
Ellen M. Lord	director	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Susan M. Balaguer	officer: Chief Human Resources Officer	C/O PARSONS, 5875 TRINITY PARKWAY #300, CENTREVILLE VA 20120
Carey A. Smith	officer: Chief Operating Officer	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Michael Richard Kolloway	officer: See Remarks	5875 TRINITY PKWY #300, CENTREVILLE VA 20120
Harry T. Mcmahon	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
David C Wajsgras	director	870 WINTER STREET, WALTHAM MA 02451
Darren W Mcdew	director	100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064
Letitia A Long	director	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Debra Fiori	officer: Chief People Officer	C/O PARSONS CORPORATION, 5875 TRINITY PARKWAY, #300, CENTREVILLE VA 20120
Charles L. Harrington	director, officer: See Remarks	5875 TRINITY PKWY #300, CENTREVILLE VA 20120
James F Mcgovern	director
M Christian Mitchell	director	355 S. GRAND AVE, SUITE 1750, LOS ANGELES CA 90071
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101