TCM Group A/S (LTS:0CUN) Cash-to-Debt : 0.06 (As of Mar. 2024)

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What is TCM Group A/S 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. TCM Group A/S's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.06.

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, TCM Group A/S 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 TCM Group A/S's Cash-to-Debt or its related term are showing as below:

LTS:0CUN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.33 Max: No Debt
Current: 0.06

During the past 10 years, TCM Group A/S's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.33.

LTS:0CUN's Cash-to-Debt is ranked worse than
88.97% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs LTS:0CUN: 0.06

TCM Group A/S Cash-to-Debt Historical Data

The historical data trend for TCM Group A/S'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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TCM Group A/S Cash-to-Debt Chart

TCM Group A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.72

1.43

0.06

0.02

0.04

TCM Group A/S 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															0.01	0.01	0.05	0.04	0.06

Competitive Comparison of TCM Group A/S's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, TCM Group A/S'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.

TCM Group A/S's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group A/S's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TCM Group A/S's Cash-to-Debt falls into.

TCM Group A/S 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.

TCM Group A/S'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)
	=	13.285	/	(109.709	+	216.222)
	=	0.04

TCM Group A/S'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)
	=	19.5	/	(59.7	+	265.6)
	=	0.06

TCM Group A/S (LTS:0CUN) 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.

TCM Group A/S Cash-to-Debt Related Terms

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TCM Group A/S (LTS:0CUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TCM Group A/S (LTS:0CUN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TCMc:UK TCM:Denmark

Address

Skautrupvej 16, Tvis, Holstebro, DNK, 7500

Website

https://www.tcmgroup.dk

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark.

TCM Group A/S (LTS:0CUN) Headlines

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