Sports Gear Co (TPE:6768) Cash-to-Debt : 2.34 (As of Mar. 2024)

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What is Sports Gear 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. Sports Gear Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.34.

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, Sports Gear Co 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 Sports Gear Co's Cash-to-Debt or its related term are showing as below:

TPE:6768' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.68 Med: 2.68 Max: 3.77
Current: 2.34

During the past 7 years, Sports Gear Co's highest Cash to Debt Ratio was 3.77. The lowest was 1.68. And the median was 2.68.

TPE:6768's Cash-to-Debt is ranked better than
69.99% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs TPE:6768: 2.34

Sports Gear Co Cash-to-Debt Historical Data

The historical data trend for Sports Gear 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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Sports Gear Co Cash-to-Debt Chart

Sports Gear Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.68

1.88

3.77

2.88

2.40

Sports Gear Co Quarterly Data
	Dec17	Dec18	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															3.09	2.69	2.48	2.40	2.34

Competitive Comparison of Sports Gear Co's Cash-to-Debt

For the Leisure subindustry, Sports Gear 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.

Sports Gear Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sports Gear Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sports Gear Co's Cash-to-Debt falls into.

Sports Gear 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.

Sports Gear 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)
	=	8321.668	/	(1402.673	+	2062.901)
	=	2.40

Sports Gear Co'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)
	=	8044.749	/	(1793.012	+	1640.788)
	=	2.34

Sports Gear Co (TPE:6768) 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.

Sports Gear Co Cash-to-Debt Related Terms

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Sports Gear Co (TPE:6768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sports Gear Co Ltd (TPE:6768) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

802 West Bay Road, Oleander Way,, The Grand Pavilion Commercial Centre, P.O. Box 32052, Grand Cayman, CYM, 1208

Website

http://www.sportsgear.com.tw

Sports Gear Co Ltd is engaged in the manufacturing, import, and export of shoes and other sports-related products. The company produces and sells Casual shoes, Sports Shoes and others.

Sports Gear Co (TPE:6768) Headlines

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