President Securities (TPE:2855) Cash-to-Debt : 1.24 (As of Sep. 2024)

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What is President Securities 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. President Securities's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.24.

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

TPE:2855' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.12 Med: 1.51 Max: 2.66
Current: 1.24

During the past 13 years, President Securities's highest Cash to Debt Ratio was 2.66. The lowest was 1.12. And the median was 1.51.

TPE:2855's Cash-to-Debt is ranked worse than
63.18% of 785 companies
in the Capital Markets industry
Industry Median: 2.38 vs TPE:2855: 1.24

President Securities Cash-to-Debt Historical Data

The historical data trend for President Securities'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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President Securities Cash-to-Debt Chart

President Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.51

1.66

1.89

2.20

1.27

President Securities 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															1.46	1.27	1.20	1.20	1.24

Competitive Comparison of President Securities's Cash-to-Debt

For the Capital Markets subindustry, President Securities'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.

President Securities's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, President Securities's Cash-to-Debt distribution charts can be found below:

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

President Securities 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.

President Securities'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)
	=	62287.655	/	(48906.749	+	68.894)
	=	1.27

President Securities'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)
	=	76101.017	/	(61384.81	+	139.883)
	=	1.24

President Securities (TPE:2855) 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.

President Securities Cash-to-Debt Related Terms

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President Securities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » President Securities Corp (TPE:2855) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Floor., No.8, Dongxing Road, Sungshan District, Taipei, TWN, 105

Website

https://www.pscnet.com.tw

President Securities Corp is a Taiwan-based securities company with several segments. The brokerage segment is engaged in the trading of listed securities and other instruments as approved by the regulations, along with margin trading, short sale, and assistance in futures trading. The proprietary trading segment is involved in using self-owned equity to execute securities trading and conduct futures and options hedging. The reinvestment segment is involved in companies reinvested by the consolidated entities. The other operating segment consists of a capital market business, a derivatives proprietary business, a financial product business, and others. It also has a Quantitative Trading segment and a Financial product segment.

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