Transcene Co (TPE:6969) Cash-to-Debt : 0.09 (As of Jun. 2024)

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What is Transcene 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. Transcene Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.09.

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, Transcene Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

TPE:6969' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: 0.36
Current: 0.09

During the past 2 years, Transcene Co's highest Cash to Debt Ratio was 0.36. The lowest was 0.09. And the median was 0.23.

TPE:6969's Cash-to-Debt is ranked worse than
86.83% of 539 companies
in the Conglomerates industry
Industry Median: 0.47 vs TPE:6969: 0.09

Transcene Co Cash-to-Debt Historical Data

The historical data trend for Transcene 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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Transcene Co Cash-to-Debt Chart

Transcene Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.36

0.23

Transcene Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	0.36	N/A	0.23	0.09

Competitive Comparison of Transcene Co's Cash-to-Debt

For the Conglomerates subindustry, Transcene 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.

Transcene Co's Cash-to-Debt Distribution in the Conglomerates Industry

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

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

Transcene 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.

Transcene 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)
	=	146.862	/	(190.126	+	444.998)
	=	0.23

Transcene Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	56.394	/	(206.398	+	455.13)
	=	0.09

Transcene Co (TPE:6969) 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.

Transcene Co Cash-to-Debt Related Terms

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Transcene Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Transcene Co Ltd (TPE:6969) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanyuan East Road, No. 23, Sec. 1, Liuying District, Tainan, TWN, 736006

Website

https://www.transcene.com.tw

Transcene Co Ltd is engaged in urban mining and resource recycling through a three-stage process: evaluating waste, developing secondary markets, and advancing production technologies. The company is promoting the circular economy by delivering quality, sustainable products and services. The products and services offered by the company are SiC Ceramic, SiC Powder, Silicon briquette, Quartz powder, Biodegradable plastic, consulting services, analysis services, and others.

Transcene Co Headlines

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