Shin Young Securities Co (XKRX:001720) Cash-to-Debt : 0.87 (As of Dec. 2023)

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What is Shin Young Securities 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. Shin Young Securities Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.87.

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, Shin Young Securities 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 Shin Young Securities Co's Cash-to-Debt or its related term are showing as below:

XKRX:001720' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 4.78 Max: 313.23
Current: 0.87

During the past 13 years, Shin Young Securities Co's highest Cash to Debt Ratio was 313.23. The lowest was 0.87. And the median was 4.78.

XKRX:001720's Cash-to-Debt is ranked worse than
67.56% of 780 companies
in the Capital Markets industry
Industry Median: 2.245 vs XKRX:001720: 0.87

Shin Young Securities Co Cash-to-Debt Historical Data

The historical data trend for Shin Young Securities 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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Shin Young Securities Co Cash-to-Debt Chart

Shin Young Securities Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

3.27

5.94

1.27

1.00

1.47

Shin Young Securities Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.93	1.47	1.06	0.93	0.87

Competitive Comparison of Shin Young Securities Co's Cash-to-Debt

For the Capital Markets subindustry, Shin Young Securities 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.

Shin Young Securities Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shin Young Securities Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shin Young Securities Co's Cash-to-Debt falls into.

Shin Young Securities Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Shin Young Securities Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	707050.937	/	(0	+	480322.019)
	=	1.47

Shin Young Securities Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	668834.952	/	(0	+	773251.573)
	=	0.86

Shin Young Securities Co (XKRX:001720) 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.

Shin Young Securities Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shin Young Securities Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shin Young Securities Co (XKRX:001720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Shin Young Securities Co Ltd (XKRX:001720) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

001725:Korea

Address

Gukjegeumyung-ro 8-gil, Shinyoung Securities Building 16, Youngdeungpo-gu, Seoul, KOR, 150-884

Website

http://www.shinyoung.com

Shin Young Securities Co Ltd is a Japanese company which is engaged in providing financial products and services. It mainly offers broking trading service on securities such as stocks, bonds, futures, options; research service on domestic and overseas financial market; wealth management services; investment banking including underwriting corporate bonds, structured financing, real estate financing; and issuance of equity-linked securities, derivative-linked securities and other. The company divides its business in four business fields as Brokerage business, Wealth Management business, Investment Banking business and Capital Market business.

Shin Young Securities Co (XKRX:001720) Headlines

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