Winston Medical Supply Co (ROCO:6817) Cash-to-Debt : 2.79 (As of Dec. 2023)

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What is Winston Medical Supply 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. Winston Medical Supply Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.79.

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, Winston Medical Supply Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ROCO:6817' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 0.83 Max: 2.79
Current: 2.79

During the past 7 years, Winston Medical Supply Co's highest Cash to Debt Ratio was 2.79. The lowest was 0.39. And the median was 0.83.

ROCO:6817's Cash-to-Debt is ranked better than
64.51% of 1020 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs ROCO:6817: 2.79

Winston Medical Supply Co Cash-to-Debt Historical Data

The historical data trend for Winston Medical Supply 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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Winston Medical Supply Co Cash-to-Debt Chart

Winston Medical Supply Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.47

0.83

1.56

2.15

2.79

Winston Medical Supply 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							1.56	1.93	2.15	2.04	2.79

Competitive Comparison of Winston Medical Supply Co's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Winston Medical Supply 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.

Winston Medical Supply Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Winston Medical Supply Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Winston Medical Supply Co's Cash-to-Debt falls into.

Winston Medical Supply 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.

Winston Medical Supply 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)
	=	299.139	/	(51.272	+	56.057)
	=	2.79

Winston Medical Supply 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)
	=	299.139	/	(51.272	+	56.057)
	=	2.79

Winston Medical Supply Co (ROCO:6817) 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.

Winston Medical Supply Co Cash-to-Debt Related Terms

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Winston Medical Supply Co (ROCO:6817) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Winston Medical Supply Co Ltd (ROCO:6817) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 Renai Street, Yanzhouli, Yongkang District, Tainan, TWN, 710

Website

https://www.winston.com.tw

Winston Medical Supply Co Ltd is a manufacturer of medical products. It produces sterile ophthalmic preparations, hormone preparations and healthy products.

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