Taylor Maritime (CHIX:TMIPL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Taylor Maritime 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. Taylor Maritime's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, Taylor Maritime could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

CHIX:TMIPl' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Taylor Maritime's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

CHIX:TMIPl's Cash-to-Debt is ranked better than
99.8% of 984 companies
in the Transportation industry
Industry Median: 0.48 vs CHIX:TMIPl: No Debt

Taylor Maritime Cash-to-Debt Historical Data

The historical data trend for Taylor Maritime'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.

* Premium members only.

Taylor Maritime Cash-to-Debt Chart

Taylor Maritime Annual Data

Trend

Mar22

Mar23

Mar24

Cash-to-Debt

No Debt

Taylor Maritime Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Taylor Maritime's Cash-to-Debt

For the Marine Shipping subindustry, Taylor Maritime'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.

Taylor Maritime's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taylor Maritime's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Taylor Maritime's Cash-to-Debt falls into.

Save Embed

;

Save Embed

;

Taylor Maritime Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Taylor Maritime's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Taylor Maritime had no debt ⁽¹⁾.

Taylor Maritime's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Taylor Maritime had no debt ⁽¹⁾.

Taylor Maritime (CHIX:TMIPl) 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.

Taylor Maritime Cash-to-Debt Related Terms

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

Taylor Maritime Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taylor Maritime Ltd (CHIX:TMIPl) » Definitions » Cash-to-Debt

Traded in Other Exchanges

TMI:UK TMIP:UK

Address

c/o Apex Group, 1 Royal Plaza, Royal Avenue, Saint Peter Port, GGY, GY1 2HL

Website

https://www.taylormaritime.com.

Taylor Maritime Ltd is a shipping company. The company is focused on the geared dry bulk segment of the shipping sector. The company operates a high-quality fleet of Handysize and Supra/Ultramax dry bulk vessels, delivering exceptional service to the partners, built upon longstanding industry experience, passion, and commitment to continuous improvement.

Taylor Maritime Headlines

No Headlines

Taylor Maritime (CHIX:TMIPL) Cash-to-Debt : No Debt (1) (As of Sep. 2024)