HIM International Music (ROCO:8446) Cash-to-Debt : 2.34 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is HIM International Music 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. HIM International Music's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.34.

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, HIM International Music could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

ROCO:8446' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: 1.69 Max: 130.5
Current: 2.34

During the past 13 years, HIM International Music's highest Cash to Debt Ratio was 130.50. The lowest was 0.90. And the median was 1.69.

ROCO:8446's Cash-to-Debt is ranked better than
59.07% of 1036 companies
in the Media - Diversified industry
Industry Median: 1.275 vs ROCO:8446: 2.34

HIM International Music Cash-to-Debt Historical Data

The historical data trend for HIM International Music'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.

HIM International Music Cash-to-Debt Chart

HIM International Music Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.53

1.26

1.48

1.78

2.37

HIM International Music Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.80	1.92	1.91	2.37	2.34

Competitive Comparison of HIM International Music's Cash-to-Debt

For the Entertainment subindustry, HIM International Music'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.

HIM International Music's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, HIM International Music's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HIM International Music's Cash-to-Debt falls into.

HIM International Music 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.

HIM International Music'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)
	=	1686.452	/	(586.263	+	124.82)
	=	2.37

HIM International Music's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1641.392	/	(585.801	+	116.474)
	=	2.34

HIM International Music (ROCO:8446) 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.

HIM International Music Cash-to-Debt Related Terms

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

HIM International Music (ROCO:8446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » HIM International Music Inc (ROCO:8446) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jian Guo N Road, Sector 2, 15th Floor, No 135, Taipei County, TWN

Website

http://www.him.com.tw

HIM International Music Inc is a Taiwan based media company. The company is engaged in organizing media activities such as live events, autograph sessions, and endorsement activities. It also provides music records and albums. The company also arrange concerts in Taiwan.

HIM International Music (ROCO:8446) Headlines

No Headlines