Wooyang Co (XKRX:103840) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is Wooyang 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. Wooyang Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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

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

XKRX:103840' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.1
Current: 0.05

During the past 7 years, Wooyang Co's highest Cash to Debt Ratio was 0.10. The lowest was 0.00. And the median was 0.03.

XKRX:103840's Cash-to-Debt is ranked worse than
87.81% of 1871 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs XKRX:103840: 0.05

Wooyang Co Cash-to-Debt Historical Data

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

Wooyang Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.07

0.03

Wooyang 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															0.04	0.02	0.07	0.03	0.05

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

For the Packaged Foods subindustry, Wooyang 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.

Wooyang Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wooyang Co's Cash-to-Debt distribution charts can be found below:

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

Wooyang 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.

Wooyang 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)
	=	2224.916	/	(48282.039	+	19984.743)
	=	0.03

Wooyang 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)
	=	3223.622	/	(52211.959	+	16433.248)
	=	0.05

Wooyang Co (XKRX:103840) 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.

Wooyang Co Cash-to-Debt Related Terms

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Wooyang Co (XKRX:103840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wooyang Co Ltd (XKRX:103840) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

357, Jangsan-ro, Chungcheongnam-do, Seocheon, KOR

Website

http://www.foodkorea.com

Wooyang Co Ltd is engaged in food manufacturing activities. It manufactures agroforestry products, canned fruit, quasi-prepared foods, and ready-to-eat foods. The company's customers include manufacturing distributors such as CJ CheilJedang and Pulmuone Foods, and food franchise companies such as Starbucks, Idiya, and Hallis. It is specialized in frozen processed foods such as hot dogs and agricultural products. Its business is divided into product import, material processing, and finished product production. The company distributes its products through a franchise, retail, and export.

Wooyang Co (XKRX:103840) Headlines

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