Yong Yi International Group Co (TPE:2939) Cash-to-Debt : 5.19 (As of Sep. 2024)

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What is Yong Yi International Group 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. Yong Yi International Group Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 5.19.

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

TPE:2939' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.3 Med: 33.26 Max: No Debt
Current: 5.19

During the past 9 years, Yong Yi International Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.30. And the median was 33.26.

TPE:2939's Cash-to-Debt is ranked better than
81.85% of 540 companies
in the Conglomerates industry
Industry Median: 0.47 vs TPE:2939: 5.19

Yong Yi International Group Co Cash-to-Debt Historical Data

The historical data trend for Yong Yi International Group 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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Yong Yi International Group Co Cash-to-Debt Chart

Yong Yi International Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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17.64

7.67

11.92

28.94

51.65

Yong Yi International Group 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															44.12	51.65	6.17	5.67	5.19

Competitive Comparison of Yong Yi International Group Co's Cash-to-Debt

For the Conglomerates subindustry, Yong Yi International Group 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.

Yong Yi International Group Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Yong Yi International Group Co's Cash-to-Debt distribution charts can be found below:

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

Yong Yi International Group 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.

Yong Yi International Group 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)
	=	741.18	/	(4.034	+	10.315)
	=	51.65

Yong Yi International Group 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)
	=	711.497	/	(9.743	+	127.25)
	=	5.19

Yong Yi International Group Co (TPE:2939) 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.

Yong Yi International Group Co Cash-to-Debt Related Terms

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Yong Yi International Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Yong Yi International Group Co Ltd (TPE:2939) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

234, No. 59, Section 2, Yonghe Road, 8th Floor, Yonghe District, New Taipei City, TWN, 23444

Website

http://www.kayeetv.com

Yong Yi International Group Co Ltd formerly Kayee International Group Co Ltd is a company involved in the trading of kitchenware, household goods, electronic and electrical appliances, body care, and sports equipment. The company's segments include body care, household goods, sports equipment, electronic and electrical appliances, kitchenware products, and others. Its products include LED electronic candle, Imitation fireplace LED, Sweeper, New era reverse umbrella, Ironing machine, Shaped fitness machine, Core muscle exercise machine, Bouncers, Slim waist belt, Wall-plug electric heater, and others. The Group is engaged in the business of import and export. The company operates in Americas, Asia, Europe, and others, out of which majority of the revenue is generated from Americas.

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