Neweb Information Co (ROCO:6938) Cash-to-Debt : 4.41 (As of Jun. 2024)

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What is Neweb Information 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. Neweb Information Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 4.41.

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, Neweb Information Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ROCO:6938' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.25 Med: 5.47 Max: 13.1
Current: 4.41

During the past 4 years, Neweb Information Co's highest Cash to Debt Ratio was 13.10. The lowest was 2.25. And the median was 5.47.

ROCO:6938's Cash-to-Debt is ranked better than
59.28% of 2785 companies
in the Software industry
Industry Median: 2.31 vs ROCO:6938: 4.41

Neweb Information Co Cash-to-Debt Historical Data

The historical data trend for Neweb Information 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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Neweb Information Co Cash-to-Debt Chart

Neweb Information Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.43

7.73

13.10

6.52

Neweb Information Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	13.10	2.25	6.52	4.41

Competitive Comparison of Neweb Information Co's Cash-to-Debt

For the Information Technology Services subindustry, Neweb Information 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.

Neweb Information Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Neweb Information Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Neweb Information Co's Cash-to-Debt falls into.

Neweb Information 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.

Neweb Information 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)
	=	202.715	/	(27.849	+	3.242)
	=	6.52

Neweb Information Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	169.338	/	(15.772	+	22.604)
	=	4.41

Neweb Information Co (ROCO:6938) 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.

Neweb Information Co Cash-to-Debt Related Terms

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Neweb Information Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neweb Information Co Ltd (ROCO:6938) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, No. 42, Xingzhong Road, Neihu District, Taipei, TWN

Website

http://www.newebinfo.com.tw

Neweb Information Co Ltd is a professional manufacturing company in China with large-scale core system hosts and integrated cross-platform cloud computing services, especially for UNIX, NT, AIX and Linux operations. The platform provides professional services from planning, construction to maintenance and operation of integration, virtualization, cloud, database, storage, backup, backup, network security and other systems. The company mainly provides services such as integrated planning and sales, consulting, introduction, cloud construction, management and maintenance of information software and hardware products.

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