Holley (Holley) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is Holley 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. Holley's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.07.

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

HLLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.11
Current: 0.07

During the past 5 years, Holley's highest Cash to Debt Ratio was 0.11. The lowest was 0.03. And the median was 0.06.

HLLY's Cash-to-Debt is ranked worse than
89.02% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs HLLY: 0.07

Holley Cash-to-Debt Historical Data

The historical data trend for Holley'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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Holley Cash-to-Debt Chart

Holley Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.11

0.06

0.04

0.07

Holley Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											0.03	0.07	0.06	0.07	0.07

Competitive Comparison of Holley's Cash-to-Debt

For the Auto Parts subindustry, Holley'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.

Holley's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Holley 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.

Holley'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)
	=	41.081	/	(12.409	+	576.71)
	=	0.07

Holley'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)
	=	41.127	/	(11.92	+	585.378)
	=	0.07

Holley (NYSE:HLLY) 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.

Holley Cash-to-Debt Related Terms

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

Holley (Holley) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Holley Inc (NYSE:HLLY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

82Z:Germany

Address

1801 Russellville Road, Bowling Green, KY, USA, 42101

Website

https://www.holley.com

Holley Inc is a designer, marketer, and manufacturer of high-performance automotive aftermarket products, featuring a portfolio of iconic brands serving the car and truck industry. It offers a diversified line of performance automotive products including fuel injection systems, tuners, exhaust products, carburetors, safety equipment and various other performance automotive products. The company's brands include Holley, APR, MSD and Flowmaster, among others. It derives revenue from the U.S. and Italy, of which prime revenue is derived from the U.S.

Executives

Matthew Stevenson	director, officer: President and CEO	150 PEABODY PLACE, M.S. LEGL-0008, MEMPHIS TN 38103
Ginger M Jones	director	55 JEWELERS PARK DRIVE, NEENAH WI 54956
James D. Coady	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK CITY NY 10017
Owen Basham	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10017
David S Lobel	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS II, 777 THIRD AVE. 32ND FL, NEW YORK NY 10017
Midocean Partners V, L.p.	10 percent owner	C/O MIDOCEAN PARTNERS, 320 PARK AVENUE, SUITE 1600, NEW YORK NY 10022
Graham Clempson	director, officer: President and Director	C/O MIDOCEAN PARTNERS, 245 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10167
Jesse Weaver	officer: Chief Financial Officer	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Brian Appelgate	officer: Interm Chief Operating Officer	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Dominic Bardos	officer: Chief Financial Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Thomas W Tomlinson	director, officer: Chief Executive Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Anita Sehgal	director	817 MAXWELL AVENUE, EVANSVILLE IN 47711
Carly Kennedy	officer: EVP & General Counsel	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Matthew E Rubel	director	3231 SE SIXTH AVENUE, TOPEKA KS 66607
Gina L Bianchini	director	312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202