Mestek (Mestek) Cash-to-Debt : 1.84 (As of Sep. 2023)

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What is Mestek 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. Mestek's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.84.

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, Mestek could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

MCCK' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.84 Med: 4.88 Max: 6.35
Current: 1.84

During the past 13 years, Mestek's highest Cash to Debt Ratio was 6.35. The lowest was 1.84. And the median was 4.88.

MCCK's Cash-to-Debt is ranked better than
68.94% of 1674 companies
in the Construction industry
Industry Median: 0.62 vs MCCK: 1.84

Mestek Cash-to-Debt Historical Data

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

Mestek Annual Data

Trend

Dec03

Dec04

Dec05

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash-to-Debt

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3.43

5.26

6.35

3.86

5.09

Mestek Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Sep22	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															5.74	5.23	5.72	N/A	1.84

Competitive Comparison of Mestek's Cash-to-Debt

For the Building Products & Equipment subindustry, Mestek'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.

Mestek's Cash-to-Debt Distribution in the Construction Industry

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

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

Mestek 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.

Mestek's Cash to Debt Ratio for the fiscal year that ended in Dec. 2017 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)
	=	51.753	/	(0	+	10.163)
	=	5.09

Mestek's Cash to Debt Ratio for the quarter 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)
	=	45.12	/	(6.126	+	18.421)
	=	1.84

Mestek (OTCPK:MCCK) 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.

Mestek Cash-to-Debt Related Terms

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Mestek (Mestek) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mestek Inc (OTCPK:MCCK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 North Elm Street, Westfield, MA, USA, 1085

Website

https://www.mestek.com

Mestek Inc and its subsidiaries operate in two manufacturing business segments: heating, ventilating, and air conditioning equipment (HVAC) including architectural products, and metal forming equipment. The company manufactures its HVAC equipment and metal forming equipment at twelve factory locations and sells through an established distributor, dealer, and manufacturer's representative channels, in the United States and Canada. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe, Asia, Mexico, and the Rest of the World.

Executives

J Nicholas Filler

officer: Senior Vice President

455 MATHEWS ROAD, CONWAY MA 01341

Mestek (Mestek) Headlines

From GuruFocus

Mestek (MCCK): a pinksheet stock w/ significant upside potential

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