TCL Electronics Holdings (STU:TC2A) Cash-to-Debt : 0.96 (As of Jun. 2024)

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What is TCL Electronics Holdings 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. TCL Electronics Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.96.

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, TCL Electronics Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

STU:TC2A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.77 Med: 2.11 Max: 11.32
Current: 1.08

During the past 13 years, TCL Electronics Holdings's highest Cash to Debt Ratio was 11.32. The lowest was 0.77. And the median was 2.11.

STU:TC2A's Cash-to-Debt is ranked worse than
56.01% of 2444 companies
in the Hardware industry
Industry Median: 1.45 vs STU:TC2A: 1.08

TCL Electronics Holdings Cash-to-Debt Historical Data

The historical data trend for TCL Electronics Holdings'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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TCL Electronics Holdings Cash-to-Debt Chart

TCL Electronics Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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2.47

2.01

2.19

2.43

1.08

TCL Electronics Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															2.19	1.37	2.43	0.96	1.08

Competitive Comparison of TCL Electronics Holdings's Cash-to-Debt

For the Consumer Electronics subindustry, TCL Electronics Holdings'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.

TCL Electronics Holdings's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TCL Electronics Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TCL Electronics Holdings's Cash-to-Debt falls into.

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TCL Electronics Holdings 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.

TCL Electronics Holdings'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)
	=	1777.462	/	(597.259	+	132.951)
	=	2.43

TCL Electronics Holdings'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)
	=	1236.103	/	(1214.727	+	77.358)
	=	0.96

TCL Electronics Holdings (STU:TC2A) 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.

TCL Electronics Holdings Cash-to-Debt Related Terms

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TCL Electronics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TCL Electronics Holdings Ltd (STU:TC2A) » Definitions » Cash-to-Debt

Traded in Other Exchanges

TCLHF:USA 01070:Hong Kong

Address

22 Science Park East Avenue, 5th Floor, Building 22E, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

http://electronics.tcl.com

TCL Electronics Holdings Ltd designs, manufactures, and sells televisions globally. By brand, it is the third-largest supplier of televisions globally, but is second-largest in total television volume including televisions produced under original design and manufacture contracts for other brands. The five reportable operating segments are the Smart screen segment, Internet business segment, Smart mobile, All-category marketing segment and Smart commercial display, smart home, photovoltaic and other businesses segment.

TCL Electronics Holdings Headlines

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