Tekcore Co (ROCO:3339) Cash-to-Debt : 8.32 (As of Mar. 2024)

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What is Tekcore 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. Tekcore Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 8.32.

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, Tekcore Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

ROCO:3339' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.2 Max: 3518.11
Current: 8.32

During the past 13 years, Tekcore Co's highest Cash to Debt Ratio was 3518.11. The lowest was 0.02. And the median was 0.20.

ROCO:3339's Cash-to-Debt is ranked better than
71.53% of 994 companies
in the Semiconductors industry
Industry Median: 1.79 vs ROCO:3339: 8.32

Tekcore Co Cash-to-Debt Historical Data

The historical data trend for Tekcore 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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Tekcore Co Cash-to-Debt Chart

Tekcore Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3,518.11

0.08

1.34

1.41

1.73

Tekcore 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															1.40	1.75	1.86	1.73	8.32

Competitive Comparison of Tekcore Co's Cash-to-Debt

For the Semiconductors subindustry, Tekcore 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.

Tekcore Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tekcore Co's Cash-to-Debt distribution charts can be found below:

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

Tekcore 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.

Tekcore 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)
	=	488.685	/	(282.72	+	0)
	=	1.73

Tekcore 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)
	=	485.535	/	(58.367	+	0)
	=	8.32

Tekcore Co (ROCO:3339) 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.

Tekcore Co Cash-to-Debt Related Terms

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Tekcore Co (ROCO:3339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tekcore Co Ltd (ROCO:3339) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Tzu-Chung 3rd. Road, Nan-Kung Industrial Zone, Nantou, TWN

Website

http://www.tekcore.com.tw

Tekcore Co Ltd engages in the manufacturing and sales of epitaxial wafers and chips for light-emitting diodes. The company specializes in high brightness chips in green, blue, and ultraviolet wavelengths, as well as red, yellow, and orange chips to cover the various spectrum of visible light. Its products are used in various applications, including large-scale displays and billboards; optic fiber cables; indicator lights; LCD and projection backlighting; low light environments; miniaturized light sources; cell phones, cameras, and other small electronic displays.

Tekcore Co (ROCO:3339) Headlines

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