National Vision Holdings (FRA:7NV) Cash-to-Debt : 0.16 (As of Mar. 2024)

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What is National Vision 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. National Vision Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.16.

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, National Vision Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:7NV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.2 Max: 0.43
Current: 0.16

During the past 9 years, National Vision Holdings's highest Cash to Debt Ratio was 0.43. The lowest was 0.01. And the median was 0.20.

FRA:7NV's Cash-to-Debt is ranked worse than
74.54% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs FRA:7NV: 0.16

National Vision Holdings Cash-to-Debt Historical Data

The historical data trend for National Vision 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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National Vision Holdings Cash-to-Debt Chart

National Vision Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.36

0.31

0.23

0.16

National Vision Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.25	0.26	0.16	0.16

Competitive Comparison of National Vision Holdings's Cash-to-Debt

For the Specialty Retail subindustry, National Vision 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.

National Vision Holdings's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's Cash-to-Debt distribution charts can be found below:

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

National Vision 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.

National Vision Holdings'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)
	=	137.455	/	(87.915	+	758.895)
	=	0.16

National Vision Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	138.046	/	(88.89	+	762.41)
	=	0.16

National Vision Holdings (FRA:7NV) 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 Vision Holdings Cash-to-Debt Related Terms

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

National Vision Holdings (FRA:7NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » National Vision Holdings Inc (FRA:7NV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EYE:USA

Address

2435 Commerce Avenue, Building 2200, Duluth, GA, USA, 30096

Website

https://www.nationalvision.com

National Vision Holdings Inc is an optical retailer in the U.S. Its product portfolio includes eyeglasses and sunglasses, contact lenses, accessories, and other products. The company has two operating segments; Owned and Host segment includes company-owned brands America's Best and Eyeglass World, In America's Best stores, vision care services are provided by optometrists or by independent professional corporations and Host operating consist of Military and Fred Meyer which provide eye exams by independent optometrists, and the Legacy segment manages the operations of, and supplies inventory and lab processing services to Legacy retail Vision Centers. It earns a majority of its revenue from the Owned and Host segment.

National Vision Holdings (FRA:7NV) Headlines

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