HG Metal Manufacturing (SGX:BTG) Cash-to-Debt : 1.41 (As of Dec. 2023)

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What is HG Metal Manufacturing 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. HG Metal Manufacturing's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.41.

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, HG Metal Manufacturing 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 HG Metal Manufacturing's Cash-to-Debt or its related term are showing as below:

SGX:BTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 2.77 Max: 204.58
Current: 1.41

During the past 13 years, HG Metal Manufacturing's highest Cash to Debt Ratio was 204.58. The lowest was 0.47. And the median was 2.77.

SGX:BTG's Cash-to-Debt is ranked better than
72.88% of 612 companies
in the Steel industry
Industry Median: 0.45 vs SGX:BTG: 1.41

HG Metal Manufacturing Cash-to-Debt Historical Data

The historical data trend for HG Metal Manufacturing'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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HG Metal Manufacturing Cash-to-Debt Chart

HG Metal Manufacturing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.73

0.93

0.90

0.47

1.41

HG Metal Manufacturing Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.90	0.56	0.47	1.10	1.41

Competitive Comparison of HG Metal Manufacturing's Cash-to-Debt

For the Steel subindustry, HG Metal Manufacturing'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.

HG Metal Manufacturing's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, HG Metal Manufacturing's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HG Metal Manufacturing's Cash-to-Debt falls into.

HG Metal Manufacturing 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.

HG Metal Manufacturing'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)
	=	19.942	/	(2.601	+	11.533)
	=	1.41

HG Metal Manufacturing'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)
	=	19.942	/	(2.601	+	11.533)
	=	1.41

HG Metal Manufacturing (SGX:BTG) 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.

HG Metal Manufacturing Cash-to-Debt Related Terms

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HG Metal Manufacturing (SGX:BTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HG Metal Manufacturing Ltd (SGX:BTG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Jalan Buroh, Singapore, SGP, 619484

Website

http://www.hgmetal.com

HG Metal Manufacturing Ltd is involved in the steel business. The company has business units which include HG Distribution, HG Construction Steel, HG Coupler, and Thread. The operating segment of the company is Trading Segment, Manufacturing Segment, and Others. The trading segment is a supplier of steel products and includes the holding of investments in subsidiaries in the business of steel distribution and provision of industrial steel services. The manufacturing segment produces construction steel products and provides related engineering services. Others include those which do not fall in the trading and manufacturing segment. The majority is from the manufacturing segment. Geographically, the majority is derived from Singapore.