Tainet Communication System (ROCO:4905) Cash-to-Debt : 1.99 (As of Mar. 2024)

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What is Tainet Communication System 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. Tainet Communication System's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.99.

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, Tainet Communication System 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 Tainet Communication System's Cash-to-Debt or its related term are showing as below:

ROCO:4905' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.38 Med: 631.37 Max: 1615.33
Current: 2.38

During the past 13 years, Tainet Communication System's highest Cash to Debt Ratio was 1615.33. The lowest was 2.38. And the median was 631.37.

ROCO:4905's Cash-to-Debt is ranked better than
60.8% of 2472 companies
in the Hardware industry
Industry Median: 1.365 vs ROCO:4905: 2.38

Tainet Communication System Cash-to-Debt Historical Data

The historical data trend for Tainet Communication System'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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Tainet Communication System Cash-to-Debt Chart

Tainet Communication System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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634.00

1,023.26

628.73

1,013.62

2.38

Tainet Communication System 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															1,089.12	2.64	2.49	2.38	1.99

Competitive Comparison of Tainet Communication System's Cash-to-Debt

For the Communication Equipment subindustry, Tainet Communication System'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.

Tainet Communication System's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tainet Communication System's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tainet Communication System's Cash-to-Debt falls into.

Tainet Communication System 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.

Tainet Communication System'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)
	=	1459.615	/	(613.91	+	0.038)
	=	2.38

Tainet Communication System'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)
	=	1603.796	/	(760.373	+	45)
	=	1.99

Tainet Communication System (ROCO:4905) 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.

Tainet Communication System Cash-to-Debt Related Terms

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Tainet Communication System (ROCO:4905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tainet Communication System Corp (ROCO:4905) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.108, Ruiguang Road, 3 floor, Huyuan Li, Neihu District, Taipei, TWN, 114

Website

http://www.tainet.net

Tainet Communication System Corp is a manufacturer of digital transmission and switching equipment, data terminal equipment, line interface equipment (including telemetry devices), communication and traffic. Manufacturing, processing, trading and installation engineering business of replacement equipment, programmable power supplies, etc.

Tainet Communication System (ROCO:4905) Headlines

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