National Presto Industries (National Presto Industries) Cash-to-Debt : 10.70 (As of Dec. 2023)

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What is National Presto Industries 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. National Presto Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.70.

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, National Presto Industries 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 National Presto Industries's Cash-to-Debt or its related term are showing as below:

NPK' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.91 Med: 5023.05 Max: No Debt
Current: 10.7

During the past 13 years, National Presto Industries's highest Cash to Debt Ratio was No Debt. The lowest was 8.91. And the median was 5023.05.

NPK's Cash-to-Debt is ranked better than
81.23% of 309 companies
in the Aerospace & Defense industry
Industry Median: 0.76 vs NPK: 10.70

National Presto Industries Cash-to-Debt Historical Data

The historical data trend for National Presto Industries'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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National Presto Industries Cash-to-Debt Chart

National Presto Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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44.96

46.10

14.17

8.91

10.70

National Presto Industries 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															8.91	9.91	9.30	9.04	10.70

Competitive Comparison of National Presto Industries's Cash-to-Debt

For the Aerospace & Defense subindustry, National Presto Industries'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.

National Presto Industries's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, National Presto Industries's Cash-to-Debt distribution charts can be found below:

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

National Presto Industries 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.

National Presto Industries'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)
	=	114.111	/	(0.678	+	9.986)
	=	10.70

National Presto Industries'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)
	=	114.111	/	(0.678	+	9.986)
	=	10.70

National Presto Industries (NYSE:NPK) 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.

National Presto Industries Cash-to-Debt Related Terms

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

National Presto Industries (National Presto Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » National Presto Industries Inc (NYSE:NPK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3925 North Hastings Way, Eau Claire, WI, USA, 54703-3703

Website

https://www.gopresto.com

National Presto Industries Inc has an eclectic product portfolio consisting of household appliances, ammunition, and diapers. The company operates in three segments viz Defense, Housewares/Small Appliance, and Safety. The majority of the revenue is earned from the defense segment which is engaged in manufacturing 40mm ammunition, precision mechanical and electro-mechanical assemblies, and medium caliber cartridge cases; performs Load, Assemble, and Pack (LAP) operations on ordnance-related products for the U.S. Government and prime contractor. While Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances; the safety segment provides safety technology empowering organizations and individuals to protect what is more important.

Executives

David J Peuse	officer: TREASURER	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Mackenzie John Roderick Jr	officer: VP-SALES	3925 NORTH HASTINGS WAY, EAU CLAIRE WI 54703
Richard L Jeffers	officer: VP-SALES	3925 N HASTINGS WAY, EAU CLAIRE X1 54703
Patrick J Quinn	director	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Richard N Cardozo	director	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Spencer W Ahneman	officer: Vice President	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Randy F Lieble	director, officer: Vice President, Treasurer, CFO	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Jeffery Alan Morgan	officer: Vice President-Engineering	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Douglas J Frederick	officer: General counsel & secretary	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Joseph G Stienessen	director	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Maryjo R Cohen	director, 10 percent owner, officer: Chair of Board,President,CEO	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Donald E Hoeschen	officer: vice president	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Peterson Terry D Jr	officer: Treasurer/CFO	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
Ian M Kees	officer: General Counsel	3925 N HASTINGS WAY, EAU CLAIRE WI 54703
James F Bartl	director, officer: Sr Vice President/Secretary	3925 NO HASTINGS WAY, EAU CLAIRE WI 54703