Daily Polymer Co (ROCO:4716) Cash-to-Debt : 1.30 (As of Mar. 2024)

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What is Daily Polymer 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. Daily Polymer Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.30.

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, Daily Polymer Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

ROCO:4716' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 1.42 Max: 147.99
Current: 1.3

During the past 13 years, Daily Polymer Co's highest Cash to Debt Ratio was 147.99. The lowest was 0.82. And the median was 1.42.

ROCO:4716's Cash-to-Debt is ranked better than
60.44% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs ROCO:4716: 1.30

Daily Polymer Co Cash-to-Debt Historical Data

The historical data trend for Daily Polymer 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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Daily Polymer Co Cash-to-Debt Chart

Daily Polymer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.94

0.99

1.43

1.10

1.29

Daily Polymer Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.33	1.48	1.42	1.29	1.30

Competitive Comparison of Daily Polymer Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Daily Polymer 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.

Daily Polymer Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Daily Polymer Co's Cash-to-Debt distribution charts can be found below:

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

Daily Polymer 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.

Daily Polymer 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)
	=	757.001	/	(446.901	+	142.272)
	=	1.28

Daily Polymer Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	805.282	/	(481.491	+	137.753)
	=	1.30

Daily Polymer Co (ROCO:4716) 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.

Daily Polymer Co Cash-to-Debt Related Terms

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Daily Polymer Co (ROCO:4716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daily Polymer Co Ltd (ROCO:4716) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 18, Yongong 2nd Road, Yong'An District, Kaohsiung, TWN, 828

Website

https://www.daily-polymer.com

Daily Polymer Co Ltd is engaged in the manufacturing, processing, and trading of synthetic resin products and electronic chemical materials in Taiwan. The company has two reportable segment such as Synthetic Resins Segment, New Materials Segment. The company generates majority of its revenue from Synthetic Resins Segment. Its main products include alkyd resin, polyacrylate resin, unsaturated polyester resin and star products - liquid crystal materials and alignment films for TFT and STN LCD.

Daily Polymer Co (ROCO:4716) Headlines

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