Tung Ho Steel Enterprise (TPE:2006) Cash-to-Debt : 0.16 (As of Mar. 2024)

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What is Tung Ho Steel Enterprise 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. Tung Ho Steel Enterprise's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.16.

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, Tung Ho Steel Enterprise 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 Tung Ho Steel Enterprise's Cash-to-Debt or its related term are showing as below:

TPE:2006' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 0.49
Current: 0.16

During the past 13 years, Tung Ho Steel Enterprise's highest Cash to Debt Ratio was 0.49. The lowest was 0.05. And the median was 0.14.

TPE:2006's Cash-to-Debt is ranked worse than
70.32% of 593 companies
in the Steel industry
Industry Median: 0.44 vs TPE:2006: 0.16

Tung Ho Steel Enterprise Cash-to-Debt Historical Data

The historical data trend for Tung Ho Steel Enterprise'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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Tung Ho Steel Enterprise Cash-to-Debt Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.07

0.22

0.11

0.13

0.12

Tung Ho Steel Enterprise 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															0.16	0.11	0.14	0.12	0.16

Competitive Comparison of Tung Ho Steel Enterprise's Cash-to-Debt

For the Steel subindustry, Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tung Ho Steel Enterprise's Cash-to-Debt falls into.

Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise'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)
	=	1877.286	/	(14136.028	+	1562.219)
	=	0.12

Tung Ho Steel Enterprise'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)
	=	2367.877	/	(14085.988	+	1186.851)
	=	0.16

Tung Ho Steel Enterprise (TPE:2006) 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.

Tung Ho Steel Enterprise Cash-to-Debt Related Terms

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Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (TPE:2006) Headlines

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