Titon Holdings (LSE:TON) Cash-to-Debt : 4.53 (As of Mar. 2024)

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What is Titon 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. Titon Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.53.

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, Titon Holdings could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LSE:TON' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.52 Med: No Debt Max: No Debt
Current: 4.53

During the past 13 years, Titon Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 2.52. And the median was No Debt.

LSE:TON's Cash-to-Debt is ranked better than
80% of 1675 companies
in the Construction industry
Industry Median: 0.62 vs LSE:TON: 4.53

Titon Holdings Cash-to-Debt Historical Data

The historical data trend for Titon 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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Titon Holdings Cash-to-Debt Chart

Titon Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

6.90

8.06

2.83

3.54

Titon Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															5.66	2.83	2.52	3.54	4.53

Competitive Comparison of Titon Holdings's Cash-to-Debt

For the Building Products & Equipment subindustry, Titon 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.

Titon Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Titon Holdings's Cash-to-Debt distribution charts can be found below:

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

Titon 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.

Titon Holdings's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	2.238	/	(0.206	+	0.426)
	=	3.54

Titon 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)
	=	2.232	/	(0.16	+	0.333)
	=	4.53

Titon Holdings (LSE:TON) 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.

Titon Holdings Cash-to-Debt Related Terms

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Titon Holdings (LSE:TON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Titon Holdings PLC (LSE:TON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

894 The Crescent, Colchester Business Park, Colchester, Essex, GBR, CO4 9YQ

Website

https://www.titon.com

Titon Holdings PLC is a UK-based company. Its core business is to design, manufacture, and market ventilation products and door and window fittings. It is engaged in the manufacturing and sale of passive and powered ventilation products to house builders, distributors, construction companies, electrical contractors, and window, and door manufacturers. In addition, it acts as a supplier of window handles, hinges, and locking mechanisms to door and window manufacturing customers. The company has four geographic segments namely the United Kingdom, South Korea, North America, and all other countries. The majority of the company's revenue comes from the United Kingdom.

Titon Holdings (LSE:TON) Headlines

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