Kao Hsing Chang Iron & Steel (TPE:2008) Cash-to-Debt : 0.37 (As of Dec. 2024)

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What is Kao Hsing Chang Iron & Steel 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. Kao Hsing Chang Iron & Steel's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.37.

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, Kao Hsing Chang Iron & Steel couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Kao Hsing Chang Iron & Steel's Cash-to-Debt or its related term are showing as below:

TPE:2008' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.33 Max: 0.95
Current: 0.37

During the past 13 years, Kao Hsing Chang Iron & Steel's highest Cash to Debt Ratio was 0.95. The lowest was 0.28. And the median was 0.33.

TPE:2008's Cash-to-Debt is ranked worse than
52.7% of 630 companies
in the Steel industry
Industry Median: 0.4 vs TPE:2008: 0.37

Kao Hsing Chang Iron & Steel Cash-to-Debt Historical Data

The historical data trend for Kao Hsing Chang Iron & Steel'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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Kao Hsing Chang Iron & Steel Cash-to-Debt Chart

Kao Hsing Chang Iron & Steel Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.28

0.34

0.30

0.33

0.37

Kao Hsing Chang Iron & Steel 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															0.33	0.33	0.36	0.35	0.37

Competitive Comparison of Kao Hsing Chang Iron & Steel's Cash-to-Debt

For the Steel subindustry, Kao Hsing Chang Iron & Steel'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.

Kao Hsing Chang Iron & Steel's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kao Hsing Chang Iron & Steel's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kao Hsing Chang Iron & Steel's Cash-to-Debt falls into.

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Kao Hsing Chang Iron & Steel 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.

Kao Hsing Chang Iron & Steel'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)
	=	1462.584	/	(1873.151	+	2110.725)
	=	0.37

Kao Hsing Chang Iron & Steel'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)
	=	1462.584	/	(1873.151	+	2110.725)
	=	0.37

Kao Hsing Chang Iron & Steel (TPE:2008) 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.

Kao Hsing Chang Iron & Steel Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Kao Hsing Chang Iron & Steel's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Kao Hsing Chang Iron & Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kao Hsing Chang Iron & Steel Corp (TPE:2008) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.318, Zhonghua 1st Road, Gushan District, Kaohsiung, TWN, 804

Website

http://www.khc.com.tw

Kao Hsing Chang Iron & Steel Corp is engaged in the manufacturing, processing, and trading of steel pipes and cold-rolled steel sheets; manufacturing of metal architectural components; leasing; carpark management; and wholesale of other products. The majority of its revenue comes from the steel pipe department. Its geographical segments are Taiwan, North America, and Northeast Asia, of which the majority of the revenue comes from Taiwan.

Kao Hsing Chang Iron & Steel Headlines

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