Thai Coating Industrial PCL (BKK:TCOAT) Cash-to-Debt : 19.18 (As of Jun. 2024)

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What is Thai Coating Industrial 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. Thai Coating Industrial PCL's cash to debt ratio for the quarter that ended in Jun. 2024 was 19.18.

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, Thai Coating Industrial PCL could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

BKK:TCOAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 6.26 Max: 97.64
Current: 19.18

During the past 13 years, Thai Coating Industrial PCL's highest Cash to Debt Ratio was 97.64. The lowest was 0.12. And the median was 6.26.

BKK:TCOAT's Cash-to-Debt is not ranked
in the Packaging & Containers industry.
Industry Median: 0.39 vs BKK:TCOAT: 19.18

Thai Coating Industrial PCL Cash-to-Debt Historical Data

The historical data trend for Thai Coating Industrial 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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Thai Coating Industrial PCL Cash-to-Debt Chart

Thai Coating Industrial PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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32.57

5.90

6.37

7.72

10.66

Thai Coating Industrial PCL Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															13.14	9.26	10.66	3.27	19.18

Competitive Comparison of Thai Coating Industrial PCL's Cash-to-Debt

For the Packaging & Containers subindustry, Thai Coating Industrial 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.

Thai Coating Industrial PCL's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thai Coating Industrial PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thai Coating Industrial PCL's Cash-to-Debt falls into.

Thai Coating Industrial 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.

Thai Coating Industrial 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)
	=	113.018	/	(4.8	+	5.804)
	=	10.66

Thai Coating Industrial PCL's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	158.076	/	(4.912	+	3.328)
	=	19.18

Thai Coating Industrial PCL (BKK:TCOAT) 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.

Thai Coating Industrial PCL Cash-to-Debt Related Terms

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

Thai Coating Industrial PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thai Coating Industrial PCL (BKK:TCOAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

99/9 Moo 5 304 Road, Tambol Nongprong, Amphur Si Maha Pho, Prajinburi, THA, 25140

Website

http://www.thaicoating.com

Thai Coating Industrial PCL is engaged in the manufacturing and selling of plastic sack. Through its subsidiary, the company manufactures and sells plastic beads. Its segments consist of Sacks and Plastic beads. The company's customers are the producers of sugar, fertilizer in the domestic and export market.

Thai Coating Industrial PCL Headlines

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