Nien Hsing Textile Co (TPE:1451) Cash-to-Debt : 9.03 (As of Dec. 2024)

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What is Nien Hsing Textile 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. Nien Hsing Textile Co's cash to debt ratio for the quarter that ended in Dec. 2024 was 9.03.

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, Nien Hsing Textile Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

TPE:1451' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.1 Med: 2.46 Max: 30.97
Current: 9.03

During the past 13 years, Nien Hsing Textile Co's highest Cash to Debt Ratio was 30.97. The lowest was 1.10. And the median was 2.46.

TPE:1451's Cash-to-Debt is ranked better than
85.87% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs TPE:1451: 9.03

Nien Hsing Textile Co Cash-to-Debt Historical Data

The historical data trend for Nien Hsing Textile 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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Nien Hsing Textile Co Cash-to-Debt Chart

Nien Hsing Textile Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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2.65

4.14

6.24

30.97

9.03

Nien Hsing Textile Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															30.97	14.79	25.77	12.82	9.03

Competitive Comparison of Nien Hsing Textile Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Nien Hsing Textile 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.

Nien Hsing Textile Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nien Hsing Textile Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nien Hsing Textile Co's Cash-to-Debt falls into.

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Nien Hsing Textile 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.

Nien Hsing Textile Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	2114.952	/	(199.946	+	34.306)
	=	9.03

Nien Hsing Textile Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	2114.952	/	(199.946	+	34.306)
	=	9.03

Nien Hsing Textile Co (TPE:1451) 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.

Nien Hsing Textile Co Cash-to-Debt Related Terms

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

Nien Hsing Textile Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nien Hsing Textile Co Ltd (TPE:1451) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 119-3, Xiafuwei, Houlong township, Miaoli, TWN, 356

Website

https://www.nhjeans.com

Nien Hsing Textile Co Ltd is a Taiwan-based company that is principally engaged in the manufacture and sale of various kinds of denim fabrics, jeans-related clothes, fabrics for casual wear, and ring spun yarns. The denim fabrics and jeans-related clothes jointly account for the majority of the company's total revenue. The company owns a vertically integrated production line, including spinning, dyeing and finishing, weaving, garment making, and marketing. The company mainly distributes its products to overseas markets such as the Americas, Asia, Africa, and other areas, with Taiwan being its key market.

Nien Hsing Textile Co Headlines

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