Coxon Precise Industrial Co (TPE:3607) Cash-to-Debt : 2.83 (As of Mar. 2024)

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What is Coxon Precise 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. Coxon Precise Industrial Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.83.

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, Coxon Precise Industrial Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TPE:3607' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.76 Med: 1.68 Max: 5.81
Current: 2.83

During the past 13 years, Coxon Precise Industrial Co's highest Cash to Debt Ratio was 5.81. The lowest was 0.76. And the median was 1.68.

TPE:3607's Cash-to-Debt is ranked better than
75.52% of 388 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs TPE:3607: 2.83

Coxon Precise Industrial Co Cash-to-Debt Historical Data

The historical data trend for Coxon Precise 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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Coxon Precise Industrial Co Cash-to-Debt Chart

Coxon Precise Industrial Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.45

2.23

2.15

5.21

2.44

Coxon Precise Industrial Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.44	2.75	2.74	2.27	2.83

Competitive Comparison of Coxon Precise Industrial Co's Cash-to-Debt

For the Packaging & Containers subindustry, Coxon Precise 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.

Coxon Precise Industrial Co's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Coxon Precise Industrial Co's Cash-to-Debt distribution charts can be found below:

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

Coxon Precise 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.

Coxon Precise Industrial Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	803.318	/	(85.365	+	243.95)
	=	2.44

Coxon Precise Industrial 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)
	=	768.828	/	(78.621	+	193.343)
	=	2.83

Coxon Precise Industrial Co (TPE:3607) 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.

Coxon Precise Industrial Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Coxon Precise Industrial Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Coxon Precise Industrial Co (TPE:3607) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Coxon Precise Industrial Co Ltd (TPE:3607) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48, Lane 1274, Zhongzheng Road, Zhongli District, Taoyuan City, TWN, 320

Website

http://www.coxongroup.com

Coxon Precise Industrial Co Ltd is engaged in the plastic molding and electronic industry. Its business scope includes manufacturing industrial plastic products, mold, cable and wireless communications equipment and apparatus, electronic components, optical instruments, electrical and electronic appliances, as well as motor vehicles and parts. The other activities are retail of electronic, automobile, and motorcycles parts; and international trade. The business is carried out in Asia, Europe, and America. Its plastic components are applied in the manufacture of mobile phone cases, notebook (NB) computers, digital cameras, game consoles, and headset shells. Its geographical segment comprises Taiwan and South China, South China, Shanghai, Changshu, and others.

Coxon Precise Industrial Co (TPE:3607) Headlines

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