Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Cash-to-Debt : 0.82 (As of Mar. 2023)

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What is Aerojet Rocketdyne 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. Aerojet Rocketdyne Holdings's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.82.

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, Aerojet Rocketdyne Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

AJRD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.86 Max: 1.75
Current: 0.82

During the past 13 years, Aerojet Rocketdyne Holdings's highest Cash to Debt Ratio was 1.75. The lowest was 0.15. And the median was 0.86.

AJRD's Cash-to-Debt is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.69 vs AJRD: 0.82

Aerojet Rocketdyne Holdings Cash-to-Debt Historical Data

The historical data trend for Aerojet Rocketdyne 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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Aerojet Rocketdyne Holdings Cash-to-Debt Chart

Aerojet Rocketdyne Holdings Annual Data

Trend

Nov13

Nov14

Nov15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.18

1.38

1.75

1.42

0.95

Aerojet Rocketdyne Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															1.24	1.16	0.99	0.95	0.82

Competitive Comparison of Aerojet Rocketdyne Holdings's Cash-to-Debt

For the Aerospace & Defense subindustry, Aerojet Rocketdyne 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.

Aerojet Rocketdyne Holdings's Cash-to-Debt Distribution in the Aerospace & Defense Industry

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

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

Aerojet Rocketdyne 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.

Aerojet Rocketdyne Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	332.6	/	(14.7	+	334.6)
	=	0.95

Aerojet Rocketdyne Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	283.7	/	(14.8	+	329.4)
	=	0.82

Aerojet Rocketdyne Holdings (NYSE:AJRD) 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.

Aerojet Rocketdyne Holdings Cash-to-Debt Related Terms

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

Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 N. Pacific Coast Highway, Suite 500, El Segundo, CA, USA, 90245

Website

https://www.aerojetrocketdyne.com

Aerojet Rocketdyne Holdings Inc manufactures aerospace and defense products and systems. It produces driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. The systems can provide directional control for rockets, satellites, missiles, and other technical products. It operates in two segments: aerospace and defense, and real estate. The company manufactures its aerospace and defense products for the U.S. government, the National Aeronautics and Space Administration, aerospace and defense prime contractors, and portions of the commercial sector. The real estate segment focuses on rezoning, entitlement, sale, and leasing of real estate assets. The company's excess real estate is primarily located in California.

Executives

Joseph E. Chontos	officer: See Remarks	222 N. PACIFIC COAST HIGHWAY, SEGUNDO CA 90245
Kevin P. Chilton	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Lance W Lord	director	1110 TRUMPETERS COURT, MONUMENT CO 80132
Eileen P. Drake	director, officer: CEO and President	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Marion C Blakey	director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Deborah L James	director	1710 SAIC DRIVE, MCLEAN VA 22102
Gail Baker	director	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202
Daniel L. Boehle	officer: CFO, VP and Controller	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245
Warren G Lichtenstein	director, officer: Executive Chairman	C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Arjun Kampani	officer: VP, Gen Counsel and Secretary	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742
John D. Schumacher	officer: SVP, Washington Operations	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Amy L Gowder	officer: Chief Operating Officer	AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Audrey A. Mcniff	director	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Thomas A Corcoran	director	3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014
Martin Turchin	director	CB RICHARD ELLIS, 200 PARK AVENUE, NEW YOK NY 10166