Kinik Co (TPE:1560) Cash-to-Debt : 0.69 (As of Mar. 2024)

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What is Kinik 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. Kinik Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.69.

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

TPE:1560' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.66 Max: No Debt
Current: 0.69

During the past 13 years, Kinik Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 0.66.

TPE:1560's Cash-to-Debt is ranked worse than
61.44% of 3006 companies
in the Industrial Products industry
Industry Median: 1.23 vs TPE:1560: 0.69

Kinik Co Cash-to-Debt Historical Data

The historical data trend for Kinik 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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Kinik Co Cash-to-Debt Chart

Kinik Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.33

0.20

0.50

0.58

0.49

Kinik 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															0.63	0.71	0.54	0.49	0.69

Competitive Comparison of Kinik Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Kinik 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.

Kinik Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kinik Co's Cash-to-Debt distribution charts can be found below:

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

Kinik 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.

Kinik 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)
	=	995.118	/	(962.802	+	1051.984)
	=	0.49

Kinik 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)
	=	1699.755	/	(1207.657	+	1270.867)
	=	0.69

Kinik Co (TPE:1560) 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.

Kinik Co Cash-to-Debt Related Terms

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Kinik Co (TPE:1560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinik Co (TPE:1560) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Yenping South Road, Taipei, TWN, 10043

Website

https://www.kinik.com

Kinik is a Taiwan-based company that primarily manufactures and distributes grinding wheels, diamond tools, and reclaimed wafers. The company's products fall into three categories. The traditional product type comprises a wide range of grinding wheels used in machinery components, steelmaking, modules, semiconductor, glass manufacturing, and others. The diamond tool category comprises various blade products, cutters, diamond dressers, and other products, which are used in stone processing and semiconductor dressing applications. The wafer product category primarily consists of wafers resourced from monitor wafters and dummy wafers. Wafer reclamation helps lower costs of factory. Kinik generates the majority of its revenue from the Taiwan domestic market.

Kinik Co (TPE:1560) Headlines

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