Cintas' Debt Overview
Portfolio Pulse from Benzinga Insights
Over the past three months, shares of Cintas Inc. (NASDAQ:CTAS) increased by 5.50%. The company's total debt is at $2.74 billion, with $2.49 billion in long-term debt and $249.05 million in current debt. Adjusting for $88.56 million in cash-equivalents, the company has a net debt of $2.65 billion. Cintas has a debt-ratio of 0.32.
June 27, 2023 | 2:16 pm
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Cintas Inc. shares increased by 5.50% in the past three months. The company has a total debt of $2.74 billion and a debt-ratio of 0.32.
Cintas Inc.'s debt-ratio of 0.32 indicates that the company has a moderate level of debt. While the increase in share price over the past three months is positive, the debt-ratio alone does not provide enough information to predict a short-term price direction.
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