Taiwan Green Environment Technology (ROCO:5205) Cash-to-Debt : 0.62 (As of Sep. 2024)

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What is Taiwan Green Environment 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. Taiwan Green Environment Technology's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.62.

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, Taiwan Green Environment Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Taiwan Green Environment Technology's Cash-to-Debt or its related term are showing as below:

ROCO:5205' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 7.83 Max: 12646
Current: 0.62

During the past 13 years, Taiwan Green Environment Technology's highest Cash to Debt Ratio was 12646.00. The lowest was 0.62. And the median was 7.83.

ROCO:5205's Cash-to-Debt is ranked worse than
71.42% of 2796 companies
in the Software industry
Industry Median: 2.33 vs ROCO:5205: 0.62

Taiwan Green Environment Technology Cash-to-Debt Historical Data

The historical data trend for Taiwan Green Environment 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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Taiwan Green Environment Technology Cash-to-Debt Chart

Taiwan Green Environment Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

6.46

1.99

1.68

4.22

1.64

Taiwan Green Environment Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.95	1.64	1.64	1.44	0.62

Competitive Comparison of Taiwan Green Environment Technology's Cash-to-Debt

For the Software - Application subindustry, Taiwan Green Environment 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.

Taiwan Green Environment Technology's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Taiwan Green Environment Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Taiwan Green Environment Technology's Cash-to-Debt falls into.

Taiwan Green Environment 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.

Taiwan Green Environment Technology'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)
	=	14.469	/	(3.499	+	5.311)
	=	1.64

Taiwan Green Environment Technology's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	6.305	/	(3.467	+	6.711)
	=	0.62

Taiwan Green Environment Technology (ROCO:5205) 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.

Taiwan Green Environment Technology Cash-to-Debt Related Terms

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Taiwan Green Environment Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taiwan Green Environment Technology Inc (ROCO:5205) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Neihu Road, 3rd Floor - 1, No. 396, Section 1, Neihu District, Taipei, TWN, 11493

Website

http://www.twget.com.tw

Taiwan Green Environment Technology Inc is a Taiwan based company. The company's main business is vehicle transportation, information electromechanical, and resource recycling services. The vehicle management plan provides fleet management systems and related monitoring value-added services for commercial fleet customers, such as driving video management services. The information service plan includes information and electrical integration services, and data analysis. The waste treatment and recycling services combine environmental technology, machinery, information, and other cross-disciplinary teams to provide construction planning and services for waste and water treatment sites.

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