Hiyes International Co (TPE:2348) Cash-to-Debt : 0.29 (As of Mar. 2024)

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What is Hiyes International 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. Hiyes International Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.29.

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

TPE:2348' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.61 Max: 2.56
Current: 0.29

During the past 13 years, Hiyes International Co's highest Cash to Debt Ratio was 2.56. The lowest was 0.16. And the median was 0.61.

TPE:2348's Cash-to-Debt is ranked better than
53.53% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs TPE:2348: 0.29

Hiyes International Co Cash-to-Debt Historical Data

The historical data trend for Hiyes International 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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Hiyes International Co Cash-to-Debt Chart

Hiyes International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.36

0.46

0.22

0.30

Hiyes International 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															0.18	0.20	0.20	0.30	0.29

Competitive Comparison of Hiyes International Co's Cash-to-Debt

For the Real Estate Services subindustry, Hiyes International 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.

Hiyes International Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hiyes International Co's Cash-to-Debt distribution charts can be found below:

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

Hiyes International 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.

Hiyes International 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)
	=	5379.485	/	(5433.991	+	12291.651)
	=	0.30

Hiyes International 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)
	=	5051.079	/	(7739.457	+	9880.529)
	=	0.29

Hiyes International Co (TPE:2348) 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.

Hiyes International Co Cash-to-Debt Related Terms

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Hiyes International Co (TPE:2348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hiyes International Co Ltd (TPE:2348) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 260, Dunhua North Road, 7th Floor, Songshan District, Taipei, TWN

Website

https://www.hiyes-group.com.tw

Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses. The company is also engaged in research and development, manufacture, and sale of optical readers and related components, multimedia products, personal computers and peripherals, telecommunication products, and digital cameras, as well as import and export trading of items relevant to the Company's business.

Hiyes International Co (TPE:2348) Headlines

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