Shin Shin Natural Gas Co (TPE:9918) Cash-to-Debt : 174.23 (As of Mar. 2024)

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What is Shin Shin Natural Gas 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. Shin Shin Natural Gas Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 174.23.

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, Shin Shin Natural Gas 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 Shin Shin Natural Gas Co's Cash-to-Debt or its related term are showing as below:

TPE:9918' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.33 Med: 48.61 Max: 174.23
Current: 174.23

During the past 13 years, Shin Shin Natural Gas Co's highest Cash to Debt Ratio was 174.23. The lowest was 4.33. And the median was 48.61.

TPE:9918's Cash-to-Debt is ranked better than
94.33% of 494 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs TPE:9918: 174.23

Shin Shin Natural Gas Co Cash-to-Debt Historical Data

The historical data trend for Shin Shin Natural Gas 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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Shin Shin Natural Gas Co Cash-to-Debt Chart

Shin Shin Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

78.55

130.65

53.65

56.32

96.50

Shin Shin Natural Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															65.42	82.37	71.57	96.50	174.23

Competitive Comparison of Shin Shin Natural Gas Co's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Shin Shin Natural Gas 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.

Shin Shin Natural Gas Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shin Shin Natural Gas Co's Cash-to-Debt distribution charts can be found below:

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

Shin Shin Natural Gas 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.

Shin Shin Natural Gas 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)
	=	2490.767	/	(22.139	+	3.673)
	=	96.50

Shin Shin Natural Gas 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)
	=	2548.262	/	(11.524	+	3.102)
	=	174.23

Shin Shin Natural Gas Co (TPE:9918) 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.

Shin Shin Natural Gas Co Cash-to-Debt Related Terms

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Shin Shin Natural Gas Co (TPE:9918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shin Shin Natural Gas Co Ltd (TPE:9918) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Section 1, Yonghe Road, Yonghe District, Taipei, TWN

Website

https://www.shinshingas.com.tw

Shin Shin Natural Gas Co Ltd is a Taiwan-based company engaged in the transmission of combustible natural gas by pipeline for non-industrial fuel supply, the installation of gas pipeline construction, and other related natural gas industry and affiliated businesses. The company mainly operates in two segments which are the Gas sales segment mainly responsible for the supply of natural gas to customers through pipelines and the Installation segment mainly responsible for the installation of natural gas transmission pipelines and gas safety equipment.

Shin Shin Natural Gas Co (TPE:9918) Headlines

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