MasterCraft Boat Holdings (MasterCraft Boat Holdings) Cash-to-Debt : 2.12 (As of Dec. 2023)

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What is MasterCraft Boat Holdings 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. MasterCraft Boat Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.12.

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, MasterCraft Boat Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MCFT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.17 Max: No Debt
Current: 2.12

During the past 11 years, MasterCraft Boat Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.17.

MCFT's Cash-to-Debt is ranked better than
73.53% of 1292 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs MCFT: 2.12

MasterCraft Boat Holdings Cash-to-Debt Historical Data

The historical data trend for MasterCraft Boat Holdings'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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MasterCraft Boat Holdings Cash-to-Debt Chart

MasterCraft Boat Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.05

0.15

0.42

0.61

2.08

MasterCraft Boat Holdings 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															1.61	1.86	2.08	1.71	2.12

Competitive Comparison of MasterCraft Boat Holdings's Cash-to-Debt

For the Recreational Vehicles subindustry, MasterCraft Boat Holdings'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.

MasterCraft Boat Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MasterCraft Boat Holdings's Cash-to-Debt distribution charts can be found below:

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

MasterCraft Boat Holdings 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.

MasterCraft Boat Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	111.377	/	(4.381	+	49.295)
	=	2.07

MasterCraft Boat Holdings'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)
	=	108.784	/	(4.368	+	47.075)
	=	2.11

MasterCraft Boat Holdings (NAS:MCFT) 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.

MasterCraft Boat Holdings Cash-to-Debt Related Terms

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MasterCraft Boat Holdings (MasterCraft Boat Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MasterCraft Boat Holdings Inc (NAS:MCFT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1SG:Germany

Address

100 Cherokee Cove Drive, Vonore, TN, USA, 37885

Website

https://www.mastercraft.com

MasterCraft Boat Holdings Inc designs, manufactures, and markets performance sport boats and outboard boats. The company is based in the United States and operates in three brand-specific segments. The MasterCraft segment generates the majority of the company's revenue and includes inboard boats for water skiing, wakeboarding, and wake surfing. The NauticStar segment includes outboard boats for fishing and recreational boating. Its Crest boats are used for general recreational boating. the majority of the company's sales are made in North America.

Executives

Donald C Campion	director	3747 LOCH BEND DR., COMMERCE MI 48382
Coliseum Capital Management, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Kamilah Mitchell-thomas	director	C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Coliseum Capital Partners, L.p.	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Adam Gray	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Coliseum Capital, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Christopher S Shackelton	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Stephan Cloutier	officer: President, Aviara	C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jennifer Deason	director	1040 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10018
Peter G Leemputte	director	CHICAGO TITLE CORP, 171 N CLARK ST, CHICAGO IL 80601
Roch Lambert	director	100 CHEROKEE COVE DRIVE, VONORE TN 37855
George Steinbarger	officer: Chief Revenue Officer	100 CHEROKEE COVE DRIVE, VONORE TN 37885
Timothy M. Oxley	officer: Chief Financial Officer	C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855
Scott Womack	officer: President, NauticStar	100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jay S. Povlin	officer: President, NauticStar	C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855