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Davis Commodities (Davis Commodities) Cash-to-Debt : 1.81 (As of Dec. 2023)


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What is Davis Commodities 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. Davis Commodities's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.81.

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, Davis Commodities 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 Davis Commodities's Cash-to-Debt or its related term are showing as below:

DTCK' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.81   Med: 3.24   Max: 24.11
Current: 1.81

During the past 4 years, Davis Commodities's highest Cash to Debt Ratio was 24.11. The lowest was 1.81. And the median was 3.24.

DTCK's Cash-to-Debt is ranked better than
70.28% of 1874 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs DTCK: 1.81

Davis Commodities Cash-to-Debt Historical Data

The historical data trend for Davis Commodities'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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Davis Commodities Cash-to-Debt Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
2.77 24.11 3.71 1.81

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial 24.11 6.45 3.71 2.95 1.81

Competitive Comparison of Davis Commodities's Cash-to-Debt

For the Farm Products subindustry, Davis Commodities'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.

Davis Commodities's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Davis Commodities's Cash-to-Debt distribution charts can be found below:

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


Davis Commodities 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.

Davis Commodities'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)
=1.33 / (0.272 + 0.462)
=1.81

Davis Commodities'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)
=1.33 / (0.272 + 0.462)
=1.81

* 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.

Davis Commodities  (NAS:DTCK) 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.

Davis Commodities Cash-to-Debt Related Terms

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Davis Commodities (Davis Commodities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Cash-to-Debt
Comparable Companies
VFF GCEH ALCO SDOT SANW LOCL SHMP TAER AQB SISI ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Website
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services.