WONIK Materials Co (XKRX:104830) Cash-to-Debt : 1.79 (As of Sep. 2024)

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What is WONIK Materials 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. WONIK Materials Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.79.

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, WONIK Materials 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 WONIK Materials Co's Cash-to-Debt or its related term are showing as below:

XKRX:104830' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 2.47 Max: 81.06
Current: 1.79

During the past 13 years, WONIK Materials Co's highest Cash to Debt Ratio was 81.06. The lowest was 0.27. And the median was 2.47.

XKRX:104830's Cash-to-Debt is ranked better than
67.23% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs XKRX:104830: 1.79

WONIK Materials Co Cash-to-Debt Historical Data

The historical data trend for WONIK Materials 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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WONIK Materials Co Cash-to-Debt Chart

WONIK Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.33

1.95

2.27

0.71

1.88

WONIK Materials 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															2.68	1.88	2.34	2.74	1.79

Competitive Comparison of WONIK Materials Co's Cash-to-Debt

For the Specialty Chemicals subindustry, WONIK Materials 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.

WONIK Materials Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, WONIK Materials Co's Cash-to-Debt distribution charts can be found below:

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

WONIK Materials 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.

WONIK Materials 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)
	=	53053.998	/	(27858.592	+	358.645)
	=	1.88

WONIK Materials 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)
	=	132260.249	/	(67635.392	+	6110.189)
	=	1.79

WONIK Materials Co (XKRX:104830) 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.

WONIK Materials Co Cash-to-Debt Related Terms

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WONIK Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » WONIK Materials Co Ltd (XKRX:104830) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

30, Yangcheong 3-gil, Ochang-eup, Cheongju-si, KOR, 363-883

Website

http://www.wimco.co.kr

WONIK Materials Co Ltd is a Korean company which is engaged in manufacturing and sale of specialty gases for semiconductors. Its products are the pure gas which contains specific impurities and it is used for carrier gas for various analyzers, electric bulb and for research and development purpose; and mixture gas.

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