Bioray Biotech Co (ROCO:7561) Cash-to-Debt : 1.39 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Bioray Biotech 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. Bioray Biotech Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.39.

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, Bioray Biotech 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 Bioray Biotech Co's Cash-to-Debt or its related term are showing as below:

ROCO:7561' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.38 Med: 2.37 Max: 16.74
Current: 1.39

During the past 7 years, Bioray Biotech Co's highest Cash to Debt Ratio was 16.74. The lowest was 1.38. And the median was 2.37.

ROCO:7561's Cash-to-Debt is ranked better than
55.47% of 1051 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs ROCO:7561: 1.39

Bioray Biotech Co Cash-to-Debt Historical Data

The historical data trend for Bioray Biotech 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.

* Premium members only.

Bioray Biotech Co Cash-to-Debt Chart

Bioray Biotech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.31

2.37

2.36

1.38

1.39

Bioray Biotech Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							2.36	1.08	1.38	1.23	1.39

Competitive Comparison of Bioray Biotech Co's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Bioray Biotech 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.

Bioray Biotech Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bioray Biotech Co's Cash-to-Debt distribution charts can be found below:

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

Bioray Biotech 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.

Bioray Biotech 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)
	=	97.024	/	(4.137	+	65.655)
	=	1.39

Bioray Biotech 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)
	=	97.024	/	(4.137	+	65.655)
	=	1.39

Bioray Biotech Co (ROCO:7561) 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.

Bioray Biotech Co Cash-to-Debt Related Terms

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

Bioray Biotech Co (ROCO:7561) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Bioray Biotech Co Ltd (ROCO:7561) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21-3, Shennong East Road, Changzhi Township, Pingtung County, Pingtung City, TWN, 90846

Website

http://www.bio-ray.com.tw

Bioray Biotech Co Ltd is engaged in the development and manufacturing of biological agents, including functional probiotics, medicinal fungi, and immune cell preparations. The company provides capsules, powders, lozenges, and liquids for Skincare, Anti-aging and anti-inflammatory, Silver Hair Maintenance, and Microbe and mineral supplement among others.

Bioray Biotech Co (ROCO:7561) Headlines

No Headlines