Nitches (Nitches) Cash-to-Debt : 0.06 (As of Feb. 2024)

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What is Nitches 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. Nitches's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.06.

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, Nitches couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

NICH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 5.92
Current: 0.06

During the past 13 years, Nitches's highest Cash to Debt Ratio was 5.92. The lowest was 0.01. And the median was 0.06.

NICH's Cash-to-Debt is ranked worse than
82.53% of 1036 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.475 vs NICH: 0.06

Nitches Cash-to-Debt Historical Data

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

Nitches Annual Data

Trend

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Aug07

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.44

0.22

5.92

Nitches Quarterly Data
	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.15	-	0.05	0.06

Competitive Comparison of Nitches's Cash-to-Debt

For the Apparel Manufacturing subindustry, Nitches'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.

Nitches's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitches's Cash-to-Debt distribution charts can be found below:

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

Nitches 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.

Nitches's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	0	/	(0.141	+	0)
	=	0.00

Nitches's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	0.007	/	(0.115	+	0)
	=	0.06

Nitches (OTCPK:NICH) 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.

Nitches Cash-to-Debt Related Terms

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Nitches (Nitches) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitches Inc (OTCPK:NICH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1333 N Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128

Website

https://www.nitchescorp.com

Nitches Inc is focused on distribution and production of household, lifestyle, travel & leisure, and sports goods and clothing, with a long-term objective of bringing sustainable business practices to the supply chain for these products. The company is in the business of wholesale manufactured goods and white-labels them under the brand names of their Social Media Partners and also distributes them in an online department store, where its social media partners can sell their respective white labeled merchandise to their audience.

Executives

T. Jefferson Straub	director	C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Eitan X. Haber	officer: COO & Senior VP	C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Haresh Tharani	10 percent owner	1400 BROADWAY, 33RD FLOOR, NEW YORK NY 10018
Paul M Wyandt	director, officer: President & COO	10445 ABALONE LANDING, SAN DIEGO CA 92130
Price Eugene B Ii	director
Michael D Sholtis	director	10280 CAMINO SANTA FE, SAN DIEGO CA 92121