Heico (HEI.A) Cash-to-Debt

: 0.08 (As of Jan. 2024)

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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. Heico's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.08.

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

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

HEI.A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.11 Max: 0.7
Current: 0.08

During the past 13 years, Heico's highest Cash to Debt Ratio was 0.70. The lowest was 0.05. And the median was 0.11.

HEI.A's Cash-to-Debt is ranked worse than
88.06% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.795 vs HEI.A: 0.08

Heico Cash-to-Debt Historical Data

The historical data trend for Heico'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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Heico Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

0.10

0.54

0.43

0.46

0.07

Heico Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.18	0.17	0.57	0.07	0.08

Competitive Comparison

For the Aerospace & Defense subindustry, Heico'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.

Heico Cash-to-Debt Distribution

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

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

Heico 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.

Heico's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	171.048	/	(38.304	+	2460.277)
	=	0.07

Heico's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	196.323	/	(4.739	+	2495.726)
	=	0.08

Heico (NYSE:HEI.A) 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.

Heico Cash-to-Debt Related Terms

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Heico (HEI.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heico Corp (NYSE:HEI.A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HEI:USA HC1A:Germany HC1:Germany HC1:Germany

Address

3000 Taft Street, Hollywood, FL, USA, 33021

Website

https://www.heico.com

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.