Synbio Tech (ROCO:1295) Cash-to-Debt : 0.47 (As of Dec. 2023)

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What is Synbio Tech 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. Synbio Tech's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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, Synbio Tech couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ROCO:1295' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 0.57 Max: 0.78
Current: 0.47

During the past 4 years, Synbio Tech's highest Cash to Debt Ratio was 0.78. The lowest was 0.47. And the median was 0.57.

ROCO:1295's Cash-to-Debt is ranked worse than
85.49% of 1523 companies
in the Biotechnology industry
Industry Median: 6.39 vs ROCO:1295: 0.47

Synbio Tech Cash-to-Debt Historical Data

The historical data trend for Synbio Tech'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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Synbio Tech Cash-to-Debt Chart

Synbio Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.48

0.78

0.66

0.47

Synbio Tech Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.78	N/A	0.66	0.55	0.47

Competitive Comparison of Synbio Tech's Cash-to-Debt

For the Biotechnology subindustry, Synbio Tech'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.

Synbio Tech's Cash-to-Debt Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Synbio Tech's Cash-to-Debt distribution charts can be found below:

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

Synbio Tech 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.

Synbio Tech'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)
	=	346.738	/	(30.069	+	701.697)
	=	0.47

Synbio Tech'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)
	=	346.738	/	(30.069	+	701.697)
	=	0.47

Synbio Tech (ROCO:1295) 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.

Synbio Tech Cash-to-Debt Related Terms

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Synbio Tech (ROCO:1295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Synbio Tech Inc (ROCO:1295) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66,Beiling 6th Road, 821 Road, Luzhu District, Kaohsiung, TWN

Website

https://www.synbiotech.com

Synbio Tech Inc is a company specializing in the research, manufacturing and application development of lactic acid bacteria. They provide lactic acid bacteria screening, functional research and verification, and the introduction of advanced processes to produce safe and stable high-quality bacterial powder, OEM, ODM customized finished products , share application development technology, provide excellent service quality, and gain recognition from customers, allowing Shenghe to grow steadily.

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