Oceanic Beverages Co (TPE:1213) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Oceanic Beverages 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. Oceanic Beverages Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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, Oceanic Beverages Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TPE:1213' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 9.69
Current: 0.01

During the past 13 years, Oceanic Beverages Co's highest Cash to Debt Ratio was 9.69. The lowest was 0.00. And the median was 0.13.

TPE:1213's Cash-to-Debt is ranked worse than
96.3% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.695 vs TPE:1213: 0.01

Oceanic Beverages Co Cash-to-Debt Historical Data

The historical data trend for Oceanic Beverages 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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Oceanic Beverages Co Cash-to-Debt Chart

Oceanic Beverages Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.05

0.01

0.02

Oceanic Beverages Co 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															0.02	0.02	0.19	-	0.01

Competitive Comparison of Oceanic Beverages Co's Cash-to-Debt

For the Beverages - Non-Alcoholic subindustry, Oceanic Beverages 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.

Oceanic Beverages Co's Cash-to-Debt Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Oceanic Beverages Co's Cash-to-Debt distribution charts can be found below:

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

Oceanic Beverages 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.

Oceanic Beverages 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)
	=	1.125	/	(454.756	+	5.555)
	=	0.00

Oceanic Beverages Co'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)
	=	2.256	/	(444.711	+	4.74)
	=	0.01

Oceanic Beverages Co (TPE:1213) 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.

Oceanic Beverages Co Cash-to-Debt Related Terms

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

Oceanic Beverages Co (TPE:1213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Oceanic Beverages Co Inc (TPE:1213) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Chongyang Road, 10th Floor, Section 3, Sanchong District, New Taipei, TWN

Website

https://www.applesidra.com.tw

Oceanic Beverages Co Inc operates in the beverages industry. The company is engaged in the manufacturing of beverages like soda, tea, juice, lactic acid, and distilled water. The Group has two reportable divisions, the Beverages Sales Division, and the Shanghai Operations Division. The Beverages Sales Division is mainly engaged in the manufacture, wholesale and retail of various soft drinks and beverages.

Oceanic Beverages Co (TPE:1213) Headlines

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