Taiwan Shin Kong Security Co (TPE:9925) Cash-to-Debt : 2.72 (As of Sep. 2024)

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What is Taiwan Shin Kong Security 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. Taiwan Shin Kong Security Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.72.

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, Taiwan Shin Kong Security 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 Taiwan Shin Kong Security Co's Cash-to-Debt or its related term are showing as below:

TPE:9925' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.27 Med: 3.2 Max: 8.91
Current: 2.72

During the past 13 years, Taiwan Shin Kong Security Co's highest Cash to Debt Ratio was 8.91. The lowest was 2.27. And the median was 3.20.

TPE:9925's Cash-to-Debt is ranked better than
62.65% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs TPE:9925: 2.72

Taiwan Shin Kong Security Co Cash-to-Debt Historical Data

The historical data trend for Taiwan Shin Kong Security 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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Taiwan Shin Kong Security Co Cash-to-Debt Chart

Taiwan Shin Kong Security Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.26

2.85

2.96

2.63

Taiwan Shin Kong Security 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															2.47	2.63	2.67	2.99	2.72

Competitive Comparison of Taiwan Shin Kong Security Co's Cash-to-Debt

For the Security & Protection Services subindustry, Taiwan Shin Kong Security 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.

Taiwan Shin Kong Security Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Taiwan Shin Kong Security Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Taiwan Shin Kong Security Co's Cash-to-Debt falls into.

Taiwan Shin Kong Security 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.

Taiwan Shin Kong Security 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)
	=	8030.186	/	(2779.165	+	279.789)
	=	2.63

Taiwan Shin Kong Security 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)
	=	8395.947	/	(2831.752	+	258.583)
	=	2.72

Taiwan Shin Kong Security Co (TPE:9925) 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.

Taiwan Shin Kong Security Co Cash-to-Debt Related Terms

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Taiwan Shin Kong Security Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Taiwan Shin Kong Security Co Ltd (TPE:9925) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128, Xing\'ai Road, Neihu District, Taipei, TWN

Website

https://www.sks.com.tw

Taiwan Shin Kong Security Co Ltd is a Taiwanese security systems provider. It is engaged in the design, sale, rental, installation, maintenance, repair, and inspection of fire prevention, burglary prevention, and fire protection apparatus, as well as the import and export of these products and the operation and investment of such businesses. The reportable segments of the company are the electronic services business, cash-in-transit business, stationed security business, and others. The majority of its revenue is generated from the electronic services segment which provides electronic security services.

Taiwan Shin Kong Security Co Headlines

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