Well Shin Technology Co (TPE:3501) Cash-to-Debt : 5.73 (As of Mar. 2025)

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What is Well Shin Technology 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. Well Shin Technology Co's cash to debt ratio for the quarter that ended in Mar. 2025 was 5.73.

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, Well Shin Technology Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

The historical rank and industry rank for Well Shin Technology Co's Cash-to-Debt or its related term are showing as below:

TPE:3501' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.81 Med: 4.55 Max: 28.53
Current: 5.73

During the past 13 years, Well Shin Technology Co's highest Cash to Debt Ratio was 28.53. The lowest was 1.81. And the median was 4.55.

TPE:3501's Cash-to-Debt is ranked better than
72.58% of 3005 companies
in the Industrial Products industry
Industry Median: 1.22 vs TPE:3501: 5.73

Well Shin Technology Co Cash-to-Debt Historical Data

The historical data trend for Well Shin Technology 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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Well Shin Technology Co Cash-to-Debt Chart

Well Shin Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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4.93

2.71

4.38

26.93

10.70

Well Shin Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial															28.53	24.75	8.11	10.70	5.73

Competitive Comparison of Well Shin Technology Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Well Shin Technology 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.

Well Shin Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Well Shin Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Well Shin Technology Co's Cash-to-Debt falls into.

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Well Shin Technology 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.

Well Shin Technology Co'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)
	=	2248.497	/	(106.538	+	103.613)
	=	10.70

Well Shin Technology Co's Cash to Debt Ratio for the quarter that ended in Mar. 2025 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)
	=	2468.272	/	(328.889	+	101.625)
	=	5.73

Well Shin Technology Co (TPE:3501) 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.

Well Shin Technology Co Cash-to-Debt Related Terms

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Well Shin Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Well Shin Technology Co Ltd (TPE:3501) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.196, Xinhu 3rd, Neihu District, Taipei, TWN, 114065

Website

http://www.wellshin.com.tw

Well Shin Technology Co Ltd manufactures electronics products. Its product portfolio encompasses molded plugs, molded connectors & plug connectors, assembly plug & connector, power adapter plug, and PVC wire and cable, among others. Geographically business activities are carried out in Taiwan.

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