Stamford Tyres (SGX:S29) Cash-to-Debt : 0.40 (As of Oct. 2024)

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What is Stamford Tyres 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. Stamford Tyres's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.40.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Stamford Tyres couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

SGX:S29' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.29 Max: 0.48
Current: 0.4

During the past 13 years, Stamford Tyres's highest Cash to Debt Ratio was 0.48. The lowest was 0.15. And the median was 0.29.

SGX:S29's Cash-to-Debt is ranked worse than
57.41% of 1303 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs SGX:S29: 0.40

Stamford Tyres Cash-to-Debt Historical Data

The historical data trend for Stamford Tyres'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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Stamford Tyres Cash-to-Debt Chart

Stamford Tyres Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

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0.24

0.42

0.34

0.35

0.48

Stamford Tyres Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.35	0.43	0.48	0.40

Competitive Comparison of Stamford Tyres's Cash-to-Debt

For the Auto Parts subindustry, Stamford Tyres'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.

Stamford Tyres's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Stamford Tyres's Cash-to-Debt falls into.

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Stamford Tyres 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.

Stamford Tyres's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	32.544	/	(52.431	+	15.731)
	=	0.48

Stamford Tyres's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	38.143	/	(73.485	+	21.194)
	=	0.40

Stamford Tyres (SGX:S29) 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.

Stamford Tyres Cash-to-Debt Related Terms

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

Stamford Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Stamford Tyres Corp Ltd (SGX:S29) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Lok Yang Way, Jurong, Singapore, SGP, 628635

Website

http://www.stamfordtyres.com

Stamford Tyres Corp Ltd is an investment holding company. The company is engaged in retailing and distribution of tyres and wheels, design and contract manufacturing of tyres for proprietary brands as well as tyre retreading, equipment trading, servicing of motor vehicles, and manufacturing and sale of aluminium alloy wheels. The company's geographical segment includes South East Asia, North Asia, Africa, and Others. It generates maximum revenue from South East Asia.

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