VRT (Vertiv Holdings Co) Cash-to-Debt : 0.29 (As of Sep. 2024)

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What is Vertiv Holdings Co 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. Vertiv Holdings Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.29.

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, Vertiv Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

VRT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.21 Max: No Debt
Current: 0.29

During the past 8 years, Vertiv Holdings Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.21.

VRT's Cash-to-Debt is ranked worse than
77.97% of 2987 companies
in the Industrial Products industry
Industry Median: 1.21 vs VRT: 0.29

Vertiv Holdings Co Cash-to-Debt Historical Data

The historical data trend for Vertiv Holdings Co'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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Vertiv Holdings Co Cash-to-Debt Chart

Vertiv Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

0.24

0.14

0.08

0.25

Vertiv Holdings Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.25	0.09	0.19	0.29

Competitive Comparison of Vertiv Holdings Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Vertiv Holdings Co'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.

Vertiv Holdings Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vertiv Holdings Co's Cash-to-Debt distribution charts can be found below:

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

Vertiv Holdings Co 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.

Vertiv Holdings Co'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)
	=	780.4	/	(64.7	+	3061.7)
	=	0.25

Vertiv Holdings Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	908.7	/	(62.4	+	3064.9)
	=	0.29

Vertiv Holdings Co (NYSE:VRT) 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.

Vertiv Holdings Co Cash-to-Debt Related Terms

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

Vertiv Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vertiv Holdings Co (NYSE:VRT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

49V:Germany

Address

505 North, Cleveland Avenue, Westerville, OH, USA, 43082

Website

https://www.vertiv.com

Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.

Executives

Karsten Winther	officer: President, EMEA	1050 DEARBORN DRIVE, COLUMBUS OH 43085
Doherty Philip O'	officer: Managing Director, E+I	1050 DEARBORN DRIVE, COLUMBUS OH 43085
Roger Fradin	director	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Yibin Edward Cui	officer: President, North Asia	1050 DEARBORN DRIVE, COLUMBUS OH 43085
Anders Karlborg	officer: EVP, Man., Logistics and Op Ex	505 N. CLEVELAND AVE., WESTERVILLE OH 43082
Scott Cripps	officer: Chief Accounting Officer	C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
Stephen Liang	officer: President of Asia Pacific	C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
Vpe Holdings, Llc	director, 10 percent owner	360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iii, Llc	director	C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Paul Ryan	officer: Chief Procurement Officer	505 N. CLEVELAND AVE., WESTERVILLE OH 43082
Platinum Equity Partners Iv, L.p.	director, 10 percent owner	C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iv, Llc	director, 10 percent owner	C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Lim Cheryl H.j.	officer: Chief Human Resources Officer	1050 DEARBORN DRIVE, COLUMBUS OH 43085
Joseph J Deangelo	director	3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202