CVC Technologies (ROCO:4744) Cash-to-Debt : 1.24 (As of Mar. 2024)

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What is CVC Technologies 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. CVC Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.24.

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, CVC Technologies 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 CVC Technologies's Cash-to-Debt or its related term are showing as below:

ROCO:4744' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 1.21 Max: 1.61
Current: 1.17

During the past 13 years, CVC Technologies's highest Cash to Debt Ratio was 1.61. The lowest was 0.49. And the median was 1.21.

ROCO:4744's Cash-to-Debt is ranked worse than
50.03% of 3006 companies
in the Industrial Products industry
Industry Median: 1.175 vs ROCO:4744: 1.17

CVC Technologies Cash-to-Debt Historical Data

The historical data trend for CVC 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.

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CVC Technologies Cash-to-Debt Chart

CVC Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.25

1.18

0.92

1.25

1.17

CVC Technologies 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															1.12	0.96	1.12	1.17	1.24

Competitive Comparison of CVC Technologies's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, CVC 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.

CVC Technologies's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

CVC 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.

CVC Technologies'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)
	=	617.762	/	(235.571	+	291.963)
	=	1.17

CVC Technologies'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)
	=	648.391	/	(237.618	+	287.318)
	=	1.24

CVC Technologies (ROCO:4744) 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.

CVC Technologies Cash-to-Debt Related Terms

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CVC Technologies (ROCO:4744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CVC Technologies Inc (ROCO:4744) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.190, Gongye 9th Road, Dali District, Taichung, TWN

Website

http://www.cvctechnologies.com

CVC Technologies Inc is a manufacturer of labeling and packaging pharmaceutical equipment in Taiwan. It offers a variety of services that include tablet and capsule counting lines, liquid filling lines, powder filling lines and related components. The company's main business items are the manufacturing, assembly, processing and sales of various types of pharmaceutical packaging machines.

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