Tatung System Technologies (ROCO:8099) Cash-to-Debt : 4.30 (As of Mar. 2024)

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What is Tatung System 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. Tatung System Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.30.

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

ROCO:8099' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.77 Med: 2.09 Max: 2552.57
Current: 4.3

During the past 13 years, Tatung System Technologies's highest Cash to Debt Ratio was 2552.57. The lowest was 0.77. And the median was 2.09.

ROCO:8099's Cash-to-Debt is ranked better than
57.19% of 2803 companies
in the Software industry
Industry Median: 2.57 vs ROCO:8099: 4.30

Tatung System Technologies Cash-to-Debt Historical Data

The historical data trend for Tatung System 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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Tatung System Technologies Cash-to-Debt Chart

Tatung System Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

1.45

1.72

2.16

2.45

1.37

Tatung System Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.37	1.48	3.87	2.23	4.30

Competitive Comparison of Tatung System Technologies's Cash-to-Debt

For the Information Technology Services subindustry, Tatung System 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.

Tatung System Technologies's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Tatung System Technologies's Cash-to-Debt distribution charts can be found below:

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

Tatung System 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.

Tatung System Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	636.893	/	(404.937	+	59.772)
	=	1.37

Tatung System 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)
	=	748.026	/	(57.576	+	116.316)
	=	4.30

Tatung System Technologies (ROCO:8099) 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.

Tatung System Technologies Cash-to-Debt Related Terms

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Tatung System Technologies (ROCO:8099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tatung System Technologies Inc (ROCO:8099) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.22, Sec. 3, Zhongshan N. Road, Zhongshan Dist, Taipei, TWN, 104

Website

https://www.etatung.com

Tatung System Technologies Inc is a Taiwan-based company mainly providing IT services, including software and hardware sales related to the computer, communications, and cyber security; custom-made system integration consulting services; and value-added industrial application solutions.

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