Daekyo Co (XKRX:019685) Cash-to-Debt : 0.74 (As of Mar. 2024)

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What is Daekyo 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. Daekyo Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.74.

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, Daekyo Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XKRX:019685' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 2.02 Max: 9.47
Current: 0.74

During the past 13 years, Daekyo Co's highest Cash to Debt Ratio was 9.47. The lowest was 0.35. And the median was 2.02.

XKRX:019685's Cash-to-Debt is ranked worse than
61.92% of 260 companies
in the Education industry
Industry Median: 1.265 vs XKRX:019685: 0.74

Daekyo Co Cash-to-Debt Historical Data

The historical data trend for Daekyo 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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Daekyo Co Cash-to-Debt Chart

Daekyo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.62

1.78

1.76

0.67

0.42

Daekyo Co Quarterly Data
	Jun19	Sep19	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															0.72	0.56	0.35	0.42	0.74

Competitive Comparison of Daekyo Co's Cash-to-Debt

For the Education & Training Services subindustry, Daekyo 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.

Daekyo Co's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Daekyo Co's Cash-to-Debt distribution charts can be found below:

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

Daekyo 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.

Daekyo 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)
	=	58615.329	/	(83959.006	+	56457.417)
	=	0.42

Daekyo 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)
	=	88494.425	/	(71704.137	+	48417.858)
	=	0.74

Daekyo Co (XKRX:019685) 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.

Daekyo Co Cash-to-Debt Related Terms

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Daekyo Co (XKRX:019685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Daekyo Co Ltd (XKRX:019685) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

019680:Korea

Address

Noonnopi Seocho Center, 446-3, Bangbae-Dong, Seocho-Gu, Seoul, KOR, 137-818

Website

http://eng.daekyo.com

Daekyo Co Ltd is a Korean education company that provides services such as learning centers, educational materials, media programs, and international programs. The company's largest segment is its Noonnoppi brand of learning centers and self-learning systems. This segment offers on-site learning centers for children as well as home tutoring and virtual learning programs. The majority of students that subscribe to Noonnoppi programs are elementary and middle/high school students, followed by adult learners. Daekyo also operates over 10 international subsidiaries the U.S. and in 21 countries across Asia.

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