Sterling Consolidated (Sterling Consolidated) Cash-to-Debt : 0.04 (As of Sep. 2022)

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What is Sterling Consolidated 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. Sterling Consolidated's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.04.

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, Sterling Consolidated couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

STCC's Cash-to-Debt is not ranked ^*
in the Chemicals industry.
Industry Median: 0.74
* Ranked among companies with meaningful Cash-to-Debt only.

Sterling Consolidated Cash-to-Debt Historical Data

The historical data trend for Sterling Consolidated'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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Sterling Consolidated Cash-to-Debt Chart

Sterling Consolidated Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.01

0.03

0.05

0.19

Sterling Consolidated Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.19	0.06	0.01	0.04

Competitive Comparison of Sterling Consolidated's Cash-to-Debt

For the Specialty Chemicals subindustry, Sterling Consolidated'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.

Sterling Consolidated's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sterling Consolidated's Cash-to-Debt distribution charts can be found below:

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

Sterling Consolidated 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.

Sterling Consolidated's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	0.569	/	(0.494	+	2.459)
	=	0.19

Sterling Consolidated's Cash to Debt Ratio for the quarter that ended in Sep. 2022 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)
	=	0.118	/	(0.985	+	1.915)
	=	0.04

Sterling Consolidated (OTCPK:STCC) 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.

Sterling Consolidated Cash-to-Debt Related Terms

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

Sterling Consolidated (Sterling Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sterling Consolidated Corp (OTCPK:STCC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105 Green Grove Road, Neptune, NJ, USA, 07753

Website

http://www.sterlingconsolidated.com

Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.

Executives

Darren Derosa

director, 10 percent owner, officer: Chief Executive Officer

1105 GREEN GROVE ROAD, NEPTUNE NJ 07753