Honor Seiki Co (ROCO:7709) Cash-to-Debt : 1.55 (As of Jun. 2024)

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What is Honor Seiki 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. Honor Seiki Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.55.

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

ROCO:7709' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: 0.98 Max: 1.55
Current: 1.55

During the past 4 years, Honor Seiki Co's highest Cash to Debt Ratio was 1.55. The lowest was 0.60. And the median was 0.98.

ROCO:7709's Cash-to-Debt is ranked better than
54.91% of 2992 companies
in the Industrial Products industry
Industry Median: 1.18 vs ROCO:7709: 1.55

Honor Seiki Co Cash-to-Debt Historical Data

The historical data trend for Honor Seiki 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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Honor Seiki Co Cash-to-Debt Chart

Honor Seiki Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.70

0.60

1.06

1.13

Honor Seiki Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	1.06	0.91	1.13	1.55

Competitive Comparison of Honor Seiki Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Honor Seiki 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.

Honor Seiki Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Honor Seiki Co's Cash-to-Debt distribution charts can be found below:

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

Honor Seiki 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.

Honor Seiki 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)
	=	438.261	/	(189.133	+	199.875)
	=	1.13

Honor Seiki 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)
	=	453.763	/	(99.326	+	193.142)
	=	1.55

Honor Seiki Co (ROCO:7709) 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.

Honor Seiki Co Cash-to-Debt Related Terms

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Honor Seiki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Honor Seiki Co Ltd (ROCO:7709) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chung-shan Road , No. 6, Section 2, Hu-nei District, Kaohsiung, TWN

Website

https://www.honorseiki.com

Honor Seiki Co Ltd is a machine tool providing company working in the fields of CNC Vertical Lathe and Turnkey solutions in Taiwan. They mainly focus on the production of Vertical lathes and their main product offerings are CNC Vertical Lathe, CNC Vertical Turning Center and CNC Vertical Grinding Machine, CNC Planar Turning/Milling/Grinding Center, CNC Special Purpose Machines.

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