Tan De Tech Co (ROCO:6867) Cash-to-Debt : 1.35 (As of Dec. 2023)

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What is Tan De Tech Co 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. Tan De Tech Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.35.

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, Tan De Tech Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Tan De Tech Co's Cash-to-Debt or its related term are showing as below:

ROCO:6867' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.34 Max: 1.35
Current: 1.35

During the past 5 years, Tan De Tech Co's highest Cash to Debt Ratio was 1.35. The lowest was 0.17. And the median was 0.34.

ROCO:6867's Cash-to-Debt is ranked better than
66.08% of 1300 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs ROCO:6867: 1.35

Tan De Tech Co Cash-to-Debt Historical Data

The historical data trend for Tan De Tech Co'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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Tan De Tech Co Cash-to-Debt Chart

Tan De Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.17

0.34

0.23

0.92

1.35

Tan De Tech Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.23	1.29	0.92	0.44	1.35

Competitive Comparison of Tan De Tech Co's Cash-to-Debt

For the Auto Parts subindustry, Tan De Tech Co'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.

Tan De Tech Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tan De Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tan De Tech Co's Cash-to-Debt falls into.

Tan De Tech Co 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.

Tan De Tech Co'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)
	=	122.156	/	(62.533	+	28.005)
	=	1.35

Tan De Tech Co's Cash to Debt Ratio for the quarter 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)
	=	122.156	/	(62.533	+	28.005)
	=	1.35

Tan De Tech Co (ROCO:6867) 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.

Tan De Tech Co Cash-to-Debt Related Terms

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Tan De Tech Co (ROCO:6867) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan De Tech Co Ltd (ROCO:6867) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Dougong 9th Road, Yunlin County, Douliu City, TWN, 64069

Website

http://www.tdtech.com.tw

Tan De Tech Co Ltd designs and manufactures vehicle parts. The firm produces car light guide plates, automotive LED headlights, light guide modules, LMT light distribution instruments, Side entry light guide, and signal lamp module.

Tan De Tech Co (ROCO:6867) Headlines

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