Gold Rain Enterprises (ROCO:4503) Cash-to-Debt : 4.52 (As of Jun. 2024)

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What is Gold Rain Enterprises 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. Gold Rain Enterprises's cash to debt ratio for the quarter that ended in Jun. 2024 was 4.52.

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, Gold Rain Enterprises could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ROCO:4503' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 1.04 Max: 30182.4
Current: 4.52

During the past 13 years, Gold Rain Enterprises's highest Cash to Debt Ratio was 30182.40. The lowest was 0.04. And the median was 1.04.

ROCO:4503's Cash-to-Debt is ranked better than
70.61% of 2998 companies
in the Industrial Products industry
Industry Median: 1.19 vs ROCO:4503: 4.52

Gold Rain Enterprises Cash-to-Debt Historical Data

The historical data trend for Gold Rain Enterprises'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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Gold Rain Enterprises Cash-to-Debt Chart

Gold Rain Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.50

1.25

0.68

1.62

7.00

Gold Rain Enterprises Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															8.83	8.39	7.00	7.19	4.52

Competitive Comparison of Gold Rain Enterprises's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Gold Rain Enterprises'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.

Gold Rain Enterprises's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gold Rain Enterprises's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gold Rain Enterprises's Cash-to-Debt falls into.

Gold Rain Enterprises 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.

Gold Rain Enterprises'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)
	=	301.146	/	(23.796	+	19.254)
	=	7.00

Gold Rain Enterprises's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	333.036	/	(36.683	+	37.025)
	=	4.52

Gold Rain Enterprises (ROCO:4503) 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.

Gold Rain Enterprises Cash-to-Debt Related Terms

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Gold Rain Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gold Rain Enterprises Corp (ROCO:4503) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 101, Lane 411, PU-NEI Street, Yen-Ho Li, Chang Hua, TWN

Website

http://www.alona.com.tw

Gold Rain Enterprises Corp is a Taiwan based manufacturer of vending machines. It offers KIOSK information service machines comprising of digital vending machines, post machines, digital photo printers, knocking gamers, parking ticket machines, and coin meters. In addition to the research and development and manufacturing of vending machines, it provides a complete line of mechanical foundry and assembly services with complete production line tools, such as various types of molds, punching beds, laser cutting, painting, welding and assembly lines.

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