Phil Energy Co (XKRX:378340) Cash-to-Debt : 4.40 (As of Dec. 2023)

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What is Phil Energy 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. Phil Energy Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.40.

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

XKRX:378340' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 2.48 Max: 5.48
Current: 4.4

During the past 4 years, Phil Energy Co's highest Cash to Debt Ratio was 5.48. The lowest was 0.17. And the median was 2.48.

XKRX:378340's Cash-to-Debt is ranked better than
70.35% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs XKRX:378340: 4.40

Phil Energy Co Cash-to-Debt Historical Data

The historical data trend for Phil Energy 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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Phil Energy Co Cash-to-Debt Chart

Phil Energy Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

5.48

0.56

0.17

4.40

Phil Energy Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.17	0.04	1.79	4.40

Competitive Comparison of Phil Energy Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Phil Energy 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.

Phil Energy Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Phil Energy Co's Cash-to-Debt distribution charts can be found below:

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

Phil Energy 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.

Phil Energy 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)
	=	111864.983	/	(14944.742	+	10455.848)
	=	4.40

Phil Energy Co'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)
	=	111864.983	/	(14944.742	+	10455.848)
	=	4.40

Phil Energy Co (XKRX:378340) 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.

Phil Energy Co Cash-to-Debt Related Terms

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Phil Energy Co (XKRX:378340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phil Energy Co Ltd (XKRX:378340) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-19 Jigotjungang-ro, Gyeonggi-do, Osan-si, KOR

Website

http://www.philenergy.co.kr

Phil Energy Co Ltd specializes in equipment for the manufacture of secondary batteries. It supplies various machinery equipment needed in all areas of the secondary battery assembly process, next-generation batteries, and fuel cells. It offers Stacking facility, Laser notching facilities, Tab Welding Facility, and Can Insert Facility.

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