Thai Wire Products PCL (BKK:TWP-R) Cash-to-Debt : 0.12 (As of Mar. 2024)

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What is Thai Wire Products 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 Wire Products PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.12.

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, Thai Wire Products PCL couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BKK:TWP-R' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.34 Max: No Debt
Current: 0.12

During the past 13 years, Thai Wire Products PCL's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.34.

BKK:TWP-R's Cash-to-Debt is ranked worse than
78.68% of 380 companies
in the Building Materials industry
Industry Median: 0.47 vs BKK:TWP-R: 0.12

Thai Wire Products PCL Cash-to-Debt Historical Data

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

Thai Wire Products PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.33

0.14

0.19

0.21

Thai Wire Products 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															0.24	0.13	0.25	0.21	0.12

Competitive Comparison of Thai Wire Products PCL's Cash-to-Debt

For the Building Materials subindustry, Thai Wire Products 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 Wire Products PCL's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Thai Wire Products PCL's Cash-to-Debt distribution charts can be found below:

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

Thai Wire Products 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 Wire Products 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)
	=	52.435	/	(22.059	+	233.076)
	=	0.21

Thai Wire Products 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)
	=	45.002	/	(136.808	+	234.604)
	=	0.12

Thai Wire Products PCL (BKK:TWP-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.

Thai Wire Products PCL Cash-to-Debt Related Terms

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

Thai Wire Products PCL (BKK:TWP-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Thai Wire Products PCL (BKK:TWP-R) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TWP:Thailand

Address

101/88 Moo 20 Nava Nakorn Industrial Estate, Khlong Nueng, Khlong Luang, Pathum Thani, THA, 12120

Website

https://www.thaiwireproducts.com

Thai Wire Products PCL is a manufacturer and seller of prestressed concrete wire. The prestressed concrete single wire is used in various kinds of construction work demanding strength and durability due to the enormous weight involved. The company is also involved in production of steel wires and operates in Thailand.

Thai Wire Products PCL (BKK:TWP-R) Headlines

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