Manho Rope & Wire (XKRX:001080) Cash-to-Debt : 53.67 (As of Mar. 2024)

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What is Manho Rope & Wire 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. Manho Rope & Wire's cash to debt ratio for the quarter that ended in Mar. 2024 was 53.67.

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, Manho Rope & Wire 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 Manho Rope & Wire's Cash-to-Debt or its related term are showing as below:

XKRX:001080' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.79 Med: 59.52 Max: 263.54
Current: 53.67

During the past 13 years, Manho Rope & Wire's highest Cash to Debt Ratio was 263.54. The lowest was 1.79. And the median was 59.52.

XKRX:001080's Cash-to-Debt is not ranked
in the Steel industry.
Industry Median: 0.45 vs XKRX:001080: 53.67

Manho Rope & Wire Cash-to-Debt Historical Data

The historical data trend for Manho Rope & Wire'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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Manho Rope & Wire Cash-to-Debt Chart

Manho Rope & Wire Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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90.92

167.26

169.30

32.60

57.45

Manho Rope & Wire 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															61.56	57.45	54.06	90.58	53.67

Competitive Comparison of Manho Rope & Wire's Cash-to-Debt

For the Steel subindustry, Manho Rope & Wire'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.

Manho Rope & Wire's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Manho Rope & Wire's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Manho Rope & Wire's Cash-to-Debt falls into.

Manho Rope & Wire 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.

Manho Rope & Wire's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	36164.136	/	(530.007	+	99.537)
	=	57.44

Manho Rope & Wire'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)
	=	15213.412	/	(225.455	+	57.988)
	=	53.67

Manho Rope & Wire (XKRX:001080) 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.

Manho Rope & Wire Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Manho Rope & Wire's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Manho Rope & Wire (XKRX:001080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Manho Rope & Wire Ltd (XKRX:001080) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

85-2, 4 Street Joongang-Dong, Joong-ku, Busan, KOR, 618-270

Website

http://www.manhorope.com

Manho Rope & Wire Ltd is a Korea-based company engaged in the manufacturing of ropes. Its products include fiber ropes, wire ropes, stainless wires, stainless cables, hard drawn steel wires, piano wires, pre-stressed concrete (PC) wires, PC strands, elevator ropes, galvanized steel wires for aluminum stranded conductors steel reinforced (ACSR) and others, which are used in shipbuilding, mining, elevator, spring manufacturing, bridge construction and other industries.

Manho Rope & Wire (XKRX:001080) Headlines

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