Tien Li Offshore Wind Technology Co (ROCO:6793) Cash-to-Debt : 0.40 (As of Dec. 2023)

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What is Tien Li Offshore Wind Technology 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. Tien Li Offshore Wind Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

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, Tien Li Offshore Wind Technology Co 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 Tien Li Offshore Wind Technology Co's Cash-to-Debt or its related term are showing as below:

ROCO:6793' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.37 Max: No Debt
Current: 0.4

During the past 7 years, Tien Li Offshore Wind Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 0.37.

ROCO:6793's Cash-to-Debt is ranked worse than
72.21% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs ROCO:6793: 0.40

Tien Li Offshore Wind Technology Co Cash-to-Debt Historical Data

The historical data trend for Tien Li Offshore Wind Technology 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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Tien Li Offshore Wind Technology Co Cash-to-Debt Chart

Tien Li Offshore Wind Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.37

0.22

0.24

0.16

0.40

Tien Li Offshore Wind Technology Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.24	0.12	0.16	0.14	0.40

Competitive Comparison of Tien Li Offshore Wind Technology Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Tien Li Offshore Wind Technology 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.

Tien Li Offshore Wind Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tien Li Offshore Wind Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tien Li Offshore Wind Technology Co's Cash-to-Debt falls into.

Tien Li Offshore Wind Technology 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.

Tien Li Offshore Wind Technology 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)
	=	231.859	/	(251.618	+	327.929)
	=	0.40

Tien Li Offshore Wind Technology Co'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)
	=	231.859	/	(251.618	+	327.929)
	=	0.40

Tien Li Offshore Wind Technology Co (ROCO:6793) 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.

Tien Li Offshore Wind Technology Co Cash-to-Debt Related Terms

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Tien Li Offshore Wind Technology Co (ROCO:6793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tien Li Offshore Wind Technology Co Ltd (ROCO:6793) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minsheng East Road, 3rd Floor, No. 131, Section 3, Songshan District, Taipei, TWN, 10596

Website

https://www.tien-li.com

Tien Li Offshore Wind Technology Co Ltd specializes in the development and production of wind turbine blades, nacelle covers and molds, as well as blade performance improvement and blade maintenance.

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