Applied Industrial Technologies (Applied Industrial Technologies) Cash-to-Debt

: 0.69 (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

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. Applied Industrial Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.69.

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, Applied Industrial Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

AIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.22 Max: 2.3
Current: 0.69

During the past 13 years, Applied Industrial Technologies's highest Cash to Debt Ratio was 2.30. The lowest was 0.04. And the median was 0.22.

AIT's Cash-to-Debt is ranked better than
51.41% of 142 companies
in the Industrial Distribution industry
Industry Median: 0.53 vs AIT: 0.69

Applied Industrial Technologies Cash-to-Debt Historical Data

The historical data trend for Applied Industrial Technologies'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.

* Premium members only.

Applied Industrial Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.11

0.29

0.31

0.27

0.55

Applied Industrial Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.26	0.29	0.55	0.58	0.69

Competitive Comparison

For the Industrial Distribution subindustry, Applied Industrial Technologies'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.

Applied Industrial Technologies Cash-to-Debt Distribution

For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's Cash-to-Debt distribution charts can be found below:

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

Applied Industrial Technologies 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.

Applied Industrial Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	344.036	/	(25.17	+	596.926)
	=	0.55

Applied Industrial Technologies's Cash to Debt Ratio for the quarter 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)
	=	412.855	/	(25.159	+	571.854)
	=	0.69

Applied Industrial Technologies (NYSE:AIT) 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.

Applied Industrial Technologies Cash-to-Debt Related Terms

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

Applied Industrial Technologies (Applied Industrial Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Applied Industrial Technologies Inc (NYSE:AIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AT4:Germany

Address

1 Applied Plaza, Cleveland, OH, USA, 44115

Website

https://www.applied.com

Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.

Executives

Neil A Schrimsher	director, officer: President and CEO	ONE APPLIED PLAZA, CLEVELAND OH 44115
Peter C Wallace	director	C/O ROBBINS & MYERS, INC., 51 PLUM STREET, SUITE 260, DAYTON OH 45440
Hoffner Warren E Iii	officer: VP-General Mgr, Fluid Power	ONE APPLIED PLAZA, CLEVELAND OH 44115
Kurt W. Loring	officer: VP-Chief HR Officer	ONE APPLIED PLAZA, CLEVELAND OH 44115
Mary Dean Hall	director	4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
Jon S Ploetz	officer: VP-General Counsel & Secretary	ONE APPLIED PLAZA, CLEVELAND OH 44115
Fred D Bauer	officer: VP-General Counsel & Secretary	ONE APPLIED PLZ, CLEVELAND OH 44115-5056
Vincent K Petrella	director
Shelly Marie Chadwick	director	6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Christopher Macey	other: Corporate Controller	5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Peter A Dorsman	director
Jason W Vasquez	officer: VP-Sales & Marketing-USSC	ONE APPLIED PLAZA, CLEVELAND OH 44115
Jerry Sue Thornton	director	C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Madhuri A Andrews	director	2525 STEMMONS FRWY, DALLAS TX 75207
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118