Shindo Eng Lab (XKRX:290520) Cash-to-Debt : 56.52 (As of Dec. 2024)

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What is Shindo Eng Lab 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. Shindo Eng Lab's cash to debt ratio for the quarter that ended in Dec. 2024 was 56.52.

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, Shindo Eng Lab could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

XKRX:290520' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 2.67 Max: 56.52
Current: 56.52

During the past 9 years, Shindo Eng Lab's highest Cash to Debt Ratio was 56.52. The lowest was 0.03. And the median was 2.67.

XKRX:290520's Cash-to-Debt is ranked better than
87.23% of 3008 companies
in the Industrial Products industry
Industry Median: 1.25 vs XKRX:290520: 56.52

Shindo Eng Lab Cash-to-Debt Historical Data

The historical data trend for Shindo Eng Lab'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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Shindo Eng Lab Cash-to-Debt Chart

Shindo Eng Lab Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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2.67

3.21

8.98

24.16

56.52

Shindo Eng Lab Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															24.16	206.90	35.19	40.39	56.52

Competitive Comparison of Shindo Eng Lab's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Shindo Eng Lab'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.

Shindo Eng Lab's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shindo Eng Lab's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shindo Eng Lab's Cash-to-Debt falls into.

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Shindo Eng Lab 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.

Shindo Eng Lab's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	43473.97	/	(509.501	+	259.701)
	=	56.52

Shindo Eng Lab's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	43473.97	/	(509.501	+	259.701)
	=	56.52

Shindo Eng Lab (XKRX:290520) 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.

Shindo Eng Lab Cash-to-Debt Related Terms

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Shindo Eng Lab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shindo Eng Lab Ltd (XKRX:290520) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

21 Mayu-ro 238beon-gil, Jeongwang 1, Gyeonggi-do, Siheung-si, KOR

Website

http://www.lcd.co.kr

Shindo Eng Lab Ltd is engaged in manufacturing display equipment with its original magnetic technology. Its product include OLED, LCD, Fuel cells and others. The firm's products are used in Manufacturing Mobile, IT & Display, Automobile, Special Display, and Energy & Vacuum Glass.

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