Ttet Union (TPE:1232) Cash-to-Debt : 2.71 (As of Mar. 2024)

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What is Ttet Union 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. Ttet Union's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.71.

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, Ttet Union 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 Ttet Union's Cash-to-Debt or its related term are showing as below:

TPE:1232' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.27 Med: 5.47 Max: 62.61
Current: 2.71

During the past 13 years, Ttet Union's highest Cash to Debt Ratio was 62.61. The lowest was 1.27. And the median was 5.47.

TPE:1232's Cash-to-Debt is ranked better than
73.9% of 1858 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs TPE:1232: 2.71

Ttet Union Cash-to-Debt Historical Data

The historical data trend for Ttet Union'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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Ttet Union Cash-to-Debt Chart

Ttet Union Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.77

8.85

5.53

2.41

1.50

Ttet Union 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															5.27	5.41	1.27	1.50	2.71

Competitive Comparison of Ttet Union's Cash-to-Debt

For the Packaged Foods subindustry, Ttet Union'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.

Ttet Union's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ttet Union's Cash-to-Debt distribution charts can be found below:

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

Ttet Union 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.

Ttet Union'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)
	=	1583.67	/	(94.034	+	965.004)
	=	1.50

Ttet Union'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)
	=	2836.669	/	(87.166	+	960.758)
	=	2.71

Ttet Union (TPE:1232) 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.

Ttet Union Cash-to-Debt Related Terms

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

Ttet Union (TPE:1232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ttet Union Corp (TPE:1232) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048

Website

https://www.ttet.com.tw

Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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