Firetrade Engineering PCL (BKK:FTE) Cash-to-Debt : 1.19 (As of Mar. 2024)

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What is Firetrade Engineering PCL 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. Firetrade Engineering PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.19.

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, Firetrade Engineering PCL could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BKK:FTE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 1.01 Max: No Debt
Current: 1.19

During the past 10 years, Firetrade Engineering PCL's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 1.01.

BKK:FTE's Cash-to-Debt is ranked better than
52.1% of 1069 companies
in the Business Services industry
Industry Median: 0.99 vs BKK:FTE: 1.19

Firetrade Engineering PCL Cash-to-Debt Historical Data

The historical data trend for Firetrade Engineering 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.

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Firetrade Engineering PCL Cash-to-Debt Chart

Firetrade Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.57

0.16

0.23

1.08

Firetrade Engineering PCL 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															0.63	0.87	0.99	1.08	1.19

Competitive Comparison of Firetrade Engineering PCL's Cash-to-Debt

For the Security & Protection Services subindustry, Firetrade Engineering 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.

Firetrade Engineering PCL's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Firetrade Engineering PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Firetrade Engineering PCL's Cash-to-Debt falls into.

Firetrade Engineering PCL 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.

Firetrade Engineering PCL'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)
	=	102.622	/	(3.736	+	91.23)
	=	1.08

Firetrade Engineering PCL'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)
	=	111.834	/	(3.787	+	90.264)
	=	1.19

Firetrade Engineering PCL (BKK:FTE) 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.

Firetrade Engineering PCL Cash-to-Debt Related Terms

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

Firetrade Engineering PCL (BKK:FTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Firetrade Engineering PCL (BKK:FTE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1198/5 Rama 9 Road, Phattanakan Sub-district, Suanluang District, Bangkok, THA, 10250

Website

https://www.firetrade.co.th

Firetrade Engineering PCL is engaged in the sales of fire protection equipment and systems, design, installation, repair, and maintenance of fire protection systems. The group operates in two main business segments, namely sales of fire protection equipment systems and project works and services. Its products include fire protection equipment, foam system, cold water, and sanitary valves. The sales of the fire protection equipment systems segment act as a revenue driver for the firm. Its operations are in a single geographic area mainly in Thailand.

Firetrade Engineering PCL (BKK:FTE) Headlines

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