Kian Shen (TPE:1525) Cash-to-Debt : 7.52 (As of Mar. 2024)

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What is Kian Shen 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. Kian Shen's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.52.

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

TPE:1525' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: 1.23 Max: 8.35
Current: 7.52

During the past 13 years, Kian Shen's highest Cash to Debt Ratio was 8.35. The lowest was 0.60. And the median was 1.23.

TPE:1525's Cash-to-Debt is ranked better than
85.24% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs TPE:1525: 7.52

Kian Shen Cash-to-Debt Historical Data

The historical data trend for Kian Shen'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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Kian Shen Cash-to-Debt Chart

Kian Shen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.70

1.42

1.98

3.59

6.35

Kian Shen 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															5.33	4.81	4.39	6.35	7.52

Competitive Comparison of Kian Shen's Cash-to-Debt

For the Auto Parts subindustry, Kian Shen'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.

Kian Shen's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Kian Shen 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.

Kian Shen'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)
	=	1862.268	/	(293.202	+	0)
	=	6.35

Kian Shen'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)
	=	1845.388	/	(245.391	+	0)
	=	7.52

Kian Shen (TPE:1525) 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.

Kian Shen Cash-to-Debt Related Terms

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Kian Shen (TPE:1525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kian Shen Corp (TPE:1525) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Xinjiang Road, Yangmei District, Taoyuan, TWN

Website

https://www.kian-shen.com

Kian Shen Corp is engaged in the manufacture and sale of automobile body beams, stamping molds, and woodworking products. It provides automobile frames which include products for large, medium, and small-size trucks and coaches. The company has two operating segments; the Manufacturing department, and the Investment department. It derives a majority of its revenue from the manufacturing segment.

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