Iron Force Industrial Co (TPE:2228) Cash-to-Debt : 4.15 (As of Sep. 2024)

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What is Iron Force Industrial 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. Iron Force Industrial Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 4.15.

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, Iron Force Industrial Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Iron Force Industrial Co's Cash-to-Debt or its related term are showing as below:

TPE:2228' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.92 Med: 4.18 Max: 422.13
Current: 4.15

During the past 13 years, Iron Force Industrial Co's highest Cash to Debt Ratio was 422.13. The lowest was 1.92. And the median was 4.18.

TPE:2228's Cash-to-Debt is ranked better than
80.31% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs TPE:2228: 4.15

Iron Force Industrial Co Cash-to-Debt Historical Data

The historical data trend for Iron Force Industrial 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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Iron Force Industrial Co Cash-to-Debt Chart

Iron Force Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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10.45

2.16

2.14

2.12

3.94

Iron Force Industrial Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															3.45	3.94	4.41	4.49	4.15

Competitive Comparison of Iron Force Industrial Co's Cash-to-Debt

For the Auto Parts subindustry, Iron Force Industrial 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.

Iron Force Industrial Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Iron Force Industrial 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.

Iron Force Industrial 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)
	=	1671.397	/	(389.573	+	34.311)
	=	3.94

Iron Force Industrial Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1499.599	/	(48.498	+	312.685)
	=	4.15

Iron Force Industrial Co (TPE:2228) 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.

Iron Force Industrial Co Cash-to-Debt Related Terms

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Iron Force Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iron Force Industrial Co Ltd (TPE:2228) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintai 5th Road, 19 Floor, No. 98, Sec. 1, Xizhi District, New Taipei City, TWN

Website

https://www.ironforce.com.tw

Iron Force Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and trading airbag inflators for automotive safety systems, high-precision metal tubes for seatbelt retractor/pretensioner systems, and trading display fixtures and other metal parts. Geographically, the company generates a majority of its revenue from Mainland China and the rest from Taiwan and Europe.

Iron Force Industrial Co Headlines

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