Camellia Metal Co (ROCO:2064) Cash-to-Debt : 0.31 (As of Mar. 2024)

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What is Camellia Metal Co 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. Camellia Metal Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, Camellia Metal Co 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 Camellia Metal Co's Cash-to-Debt or its related term are showing as below:

ROCO:2064' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.3 Max: 0.7
Current: 0.31

During the past 13 years, Camellia Metal Co's highest Cash to Debt Ratio was 0.70. The lowest was 0.09. And the median was 0.30.

ROCO:2064's Cash-to-Debt is ranked worse than
57.49% of 614 companies
in the Steel industry
Industry Median: 0.45 vs ROCO:2064: 0.31

Camellia Metal Co Cash-to-Debt Historical Data

The historical data trend for Camellia Metal Co'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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Camellia Metal Co Cash-to-Debt Chart

Camellia Metal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.27

0.16

0.13

0.18

0.30

Camellia Metal Co 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															0.22	0.23	0.30	0.30	0.31

Competitive Comparison of Camellia Metal Co's Cash-to-Debt

For the Steel subindustry, Camellia Metal Co'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.

Camellia Metal Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Camellia Metal Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Camellia Metal Co's Cash-to-Debt falls into.

Camellia Metal Co 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.

Camellia Metal Co'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)
	=	423.327	/	(1400.045	+	6.217)
	=	0.30

Camellia Metal Co'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)
	=	433.97	/	(1389.235	+	5.214)
	=	0.31

Camellia Metal Co (ROCO:2064) 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.

Camellia Metal Co Cash-to-Debt Related Terms

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Camellia Metal Co (ROCO:2064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Camellia Metal Co Ltd (ROCO:2064) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.24, Lugong Road, Chang Bin Industrial Park, Lukang Township, Changhua, TWN, 50544

Website

http://www.camelliametal.com

Camellia Metal Co Ltd is a Taiwan-based steel bar and wire supplier. The company manufactures bar and wire products ranging from low to high carbon, free cutting, alloy steel, stainless steel, and other types. The company offered products used in the areas of building materials, medical, IT, automotive, aerospace, household appliances, and others. The company generates the majority of its revenue from Taiwan followed by Indonesia, China, Hong Kong, Malaysia, Thailand, and others.

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