Tornado Global Hydrovacs (TSXV:TGH) Cash-to-Debt : 0.56 (As of Dec. 2023)

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What is Tornado Global Hydrovacs 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. Tornado Global Hydrovacs's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.56.

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, Tornado Global Hydrovacs 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 Tornado Global Hydrovacs's Cash-to-Debt or its related term are showing as below:

TSXV:TGH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.94 Max: 7.66
Current: 0.56

During the past 9 years, Tornado Global Hydrovacs's highest Cash to Debt Ratio was 7.66. The lowest was 0.14. And the median was 0.94.

TSXV:TGH's Cash-to-Debt is ranked worse than
50.49% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.565 vs TSXV:TGH: 0.56

Tornado Global Hydrovacs Cash-to-Debt Historical Data

The historical data trend for Tornado Global Hydrovacs'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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Tornado Global Hydrovacs Cash-to-Debt Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.67

0.24

0.14

0.34

0.56

Tornado Global Hydrovacs Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.12	0.14	0.17	0.56

Competitive Comparison of Tornado Global Hydrovacs's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Tornado Global Hydrovacs'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.

Tornado Global Hydrovacs's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tornado Global Hydrovacs's Cash-to-Debt distribution charts can be found below:

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

Tornado Global Hydrovacs 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.

Tornado Global Hydrovacs'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)
	=	4.403	/	(3.361	+	4.553)
	=	0.56

Tornado Global Hydrovacs'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)
	=	4.403	/	(3.361	+	4.553)
	=	0.56

Tornado Global Hydrovacs (TSXV:TGH) 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.

Tornado Global Hydrovacs Cash-to-Debt Related Terms

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

Tornado Global Hydrovacs (TSXV:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (TSXV:TGH) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TGHLF:USA

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.

Executives

Alastair James Robertson

Senior Officer