Forth PCLBKK:FORTH-R 80 Cash-to-Debt is 0.29 as of Mar. 2026, which is 45% above its 10-year median of 0.20. GuruFocus rates BKK:FORTH-R with a GF Score™ of 80/100 and a GF Value™ of ฿5.95. The stock has 10 warning signs investors should review. Among 548 Conglomerates companies, Forth PCL ranks worse than 61.31% on this metric.
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. Forth PCL's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.29.
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, Forth PCLcouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Forth PCL's Cash-to-Debt or its related term are showing as below:
BKK:FORTH-R'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.2 Max: 0.32
Current: 0.29
During the past 13 years, Forth PCL's highest Cash to Debt Ratio was 0.32. The lowest was 0.13. And the median was 0.20.
BKK:FORTH-R's Cash-to-Debt is ranked worse than 61.31% of 548
companies
in the Conglomerates industry
Industry Median: 0.485
vs BKK:FORTH-R: 0.29
Forth PCL (BKK:FORTH-R) 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.
Forth PCL Cash-to-Debt Related Terms
Forth PCL Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Forth PCL'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.
For the Conglomerates subindustry, Forth PCL'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.
Forth PCL Cash-to-Debt vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Forth PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Forth PCL's Cash-to-Debt falls into.
* 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.
Forth PCL (BKK:FORTH-R) has a Cash-to-Debt of 0.29 as of Mar. 2026. This is 45% above median its historical median of 0.20. Over the past decade, Forth PCL's Cash-to-Debt has ranged from 0.13 to 0.32. According to the industry distribution chart, Forth PCL ranks #336 out of 548 companies in the Conglomerates industry, placing it in the top 61.3%.
Is Forth PCL's Cash-to-Debt too high?
Forth PCL's current Cash-to-Debt of 0.29 is 45% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.32. The Conglomerates industry median Cash-to-Debt is 0.49. Forth PCL's value of 0.29 is 40.2% below this industry median. Based on the distribution chart, Forth PCL ranks #336 out of 548 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Forth PCL has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Forth PCL's Cash-to-Debt compare to HON and MMM?
According to the Conglomerates industry distribution chart, Forth PCL ranks #336 out of 548 companies for Cash-to-Debt. This places Forth PCL in the lower half of its industry. The industry median Cash-to-Debt is 0.49. Forth PCL's value of 0.29 is 40.2% below this benchmark. Historically, Forth PCL's own Cash-to-Debt has ranged from 0.13 to 0.32 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.49, Forth PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Conglomerates company?
The median Cash-to-Debt among Conglomerates companies is 0.49, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forth PCL's current Cash-to-Debt of 0.29 is 40.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Conglomerates industry, the median Cash-to-Debt is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forth PCL's current Cash-to-Debt is 0.29, which is 45% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forth PCL stock overvalued right now?
Forth PCL (BKK:FORTH-R) has a current Cash-to-Debt of 0.29. The stock's GF Value™ is ฿5.95, compared to a current price of ฿6.44 — trading 8.2% above its estimated fair value. The current Cash-to-Debt is 0.29, which is 45% above median its 10-year median of 0.20 and 40.2% below the Conglomerates industry median of 0.49. Forth PCL's overall GF Score™ is 80/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Forth PCL (BKK:FORTH-R), the current Cash-to-Debt is 0.29 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Forth PCL (BKK:FORTH-R) Overvalued in 2026?
Based on GuruFocus' analysis, Forth PCL stock appears to be overvalued.
The current stock price of ฿6.44 is trading 8.2% above its estimated GF Value™ of ฿5.95.
Key valuation signals for BKK:FORTH-R:
Cash-to-Debt: 0.29 (45% above median its 10-year median of 0.20)
GF Value™: ฿5.95 vs. price of ฿6.44 (8.2% above fair value)
Industry Position: 40.2% below the Conglomerates median (#336 of 548)
No single metric tells the full story. See the BKK:FORTH-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forth Corp PCL manufactures and distributes electronic equipment and project work relating to design and install telecommunication equipment. The company's segments include Electronics manufacturing service business sources, manufactures and distributes electronics parts, both work manufactured order and general equipment; Enterprise solutions business bids for project work, sources, subcontracts and install various systems for the government and private sectors; Smart service business provides online financial transaction service and sells products and service through vending machines and provides lending services. The Enterprise solutions business derives the majority of the revenue. Geographically it operates in Thailand, Netherlands, United States of America, and Others.
80GF Score
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