Switch to:
Exceed Co Ltd (NAS:EDS)
Cash to Debt Ratio
No Debt (As of Jun. 2014)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. Exceed Co Ltd's cash to debt ratio for the quarter that ended in Jun. 2014 was No Debt.

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, Exceed Co Ltd could pay off its debt using the cash in hand for the quarter that ended in Jun. 2014.

EDS' s 10-Year Cash to Debt Range
Min: 0.21   Max: No Debt
Current: 8.28

During the past 8 years, Exceed Co Ltd's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 7.14.

EDS's Cash to Debtis ranked higher than
83% of the 817 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 0.96 vs. EDS: 8.28 )

Definition

This is the ratio of a company's Cash and cash equivalents to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Exceed Co Ltd's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 is calculated as:

 Cash to Debt Ratio = Cash and Cash Equivalents / Total Debt = Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt) = 80.119690484 / (1.64636154099 + 8.02551860389) = 8.28

Exceed Co Ltd's Cash to Debt Ratio for the quarter that ended in Jun. 2014 is calculated as:

Exceed Co Ltd had no debt.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Exceed Co Ltd Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 cash2debt 0.00 0.00 0.21 2.11 6.00 4.52 42.38 No Debt 21.24 8.28

Exceed Co Ltd Semi-Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Jun14 cash2debt 0.00 0.21 2.11 6.00 4.52 42.38 No Debt 21.24 8.28 No Debt
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)