Gloria Material Technology (ROCO:5009) Cash-to-Debt : 0.58 (As of Mar. 2024)

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What is Gloria Material Technology 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. Gloria Material Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.58.

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, Gloria Material Technology 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 Gloria Material Technology's Cash-to-Debt or its related term are showing as below:

ROCO:5009' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 0.58
Current: 0.58

During the past 13 years, Gloria Material Technology's highest Cash to Debt Ratio was 0.58. The lowest was 0.06. And the median was 0.12.

ROCO:5009's Cash-to-Debt is ranked better than
58.33% of 612 companies
in the Steel industry
Industry Median: 0.45 vs ROCO:5009: 0.58

Gloria Material Technology Cash-to-Debt Historical Data

The historical data trend for Gloria Material Technology'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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Gloria Material Technology Cash-to-Debt Chart

Gloria Material Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.10

0.09

0.13

0.12

0.23

Gloria Material Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.23	0.24	0.21	0.50	0.58

Competitive Comparison of Gloria Material Technology's Cash-to-Debt

For the Steel subindustry, Gloria Material Technology'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.

Gloria Material Technology's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Gloria Material Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gloria Material Technology's Cash-to-Debt falls into.

Gloria Material Technology 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.

Gloria Material Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	2561.472	/	(2845.928	+	8411.875)
	=	0.23

Gloria Material Technology'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)
	=	7601.126	/	(1331.908	+	11806.778)
	=	0.58

Gloria Material Technology (ROCO:5009) 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.

Gloria Material Technology Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Gloria Material Technology's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Gloria Material Technology (ROCO:5009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gloria Material Technology Corp (ROCO:5009) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35 Xinzhong Road, Xinying District, Tainan, TWN

Website

https://www.gmtc.com.tw

Gloria Material Technology Corp is mainly engaged in the production and sale of special steel, carbon steel, alloy steel, super alloy and smelting of the raw materials of these products. GMTC provides various quality materials at such as Superalloy, Titanium Alloy, High Speed Steel, Tool Steel, Stainless Steel, various ESR, VAR materials and Quenched-Tempered Steel and has various steel grades. Its product shapes are focused on Round bars and Square bars. The company's products include cold work tool steel, hot work tool steel, and carbon tool steel.

Gloria Material Technology (ROCO:5009) Headlines

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