Thai Rayon PCL (BKK:TR) Cash-to-Debt : 276.98 (As of Dec. 2023)

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What is Thai Rayon 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 Rayon PCL's cash to debt ratio for the quarter that ended in Dec. 2023 was 276.98.

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 Rayon PCL 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 Thai Rayon PCL's Cash-to-Debt or its related term are showing as below:

BKK:TR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 32.72 Max: No Debt
Current: 276.98

During the past 13 years, Thai Rayon PCL's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 32.72.

BKK:TR's Cash-to-Debt is ranked better than
93.7% of 1000 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.475 vs BKK:TR: 276.98

Thai Rayon PCL Cash-to-Debt Historical Data

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

Thai Rayon PCL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

209.28

2.97

No Debt

1.50

Thai Rayon PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.50	94.26	349.15	276.98

Competitive Comparison of Thai Rayon PCL's Cash-to-Debt

For the Textile Manufacturing subindustry, Thai Rayon 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 Rayon PCL's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Cash-to-Debt distribution charts can be found below:

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

Thai Rayon 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 Rayon PCL's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	231.082	/	(151.496	+	2.304)
	=	1.50

Thai Rayon PCL'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)
	=	723.749	/	(1.265	+	1.348)
	=	276.98

Thai Rayon PCL (BKK:TR) 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 Rayon PCL Cash-to-Debt Related Terms

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

Thai Rayon PCL (BKK:TR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Rayon PCL (BKK:TR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ploenchit Road, 16th Floor, 888/160-1 Mahatun Plaza Building, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.thairayon.com

Thai Rayon PCL is a Thailand-based company principally engaged in the manufacture of viscose rayon staple fibre and anhydrous sodium sulphate for sales to both domestic and export markets. The company also produces Anhydrous Sodium Sulphate as its by-product, which is widely used in the Thai market by detergent, pulp, glass, leather, and textile industries. Thai Rayon has investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as several diversification projects in Thailand and overseas.