Dimerco Express (ROCO:5609) Cash-to-Debt : 7.70 (As of Sep. 2024)

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What is Dimerco Express 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. Dimerco Express's cash to debt ratio for the quarter that ended in Sep. 2024 was 7.70.

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, Dimerco Express could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

ROCO:5609' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.29 Med: 1.96 Max: 9.02
Current: 7.7

During the past 13 years, Dimerco Express's highest Cash to Debt Ratio was 9.02. The lowest was 1.29. And the median was 1.96.

ROCO:5609's Cash-to-Debt is ranked better than
89.2% of 963 companies
in the Transportation industry
Industry Median: 0.46 vs ROCO:5609: 7.70

Dimerco Express Cash-to-Debt Historical Data

The historical data trend for Dimerco Express'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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Dimerco Express Cash-to-Debt Chart

Dimerco Express Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.64

2.61

3.48

7.14

9.02

Dimerco Express 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															8.55	9.02	8.80	7.27	7.70

Competitive Comparison of Dimerco Express's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Dimerco Express'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.

Dimerco Express's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dimerco Express's Cash-to-Debt distribution charts can be found below:

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

Dimerco Express 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.

Dimerco Express'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)
	=	4784.42	/	(405.197	+	125.528)
	=	9.01

Dimerco Express'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)
	=	3922.273	/	(371.987	+	137.666)
	=	7.70

Dimerco Express (ROCO:5609) 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.

Dimerco Express Cash-to-Debt Related Terms

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Dimerco Express Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dimerco Express Corp (ROCO:5609) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11th Floor, No.160, Sector 6, Min Chuan East Road, Taipei, TWN

Website

https://www.dimerco.com

Dimerco Express Corp provides air freight forwarding, ocean freight forwarding, and customs brokerage service, and related investing activities. Its segments include the Asia department, America department, and Europe department. The majority of the revenue is derived from the Asia department segment.

Dimerco Express Headlines

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