Lat Co (XKRX:311060) Cash-to-Debt : 0.26 (As of Dec. 2023)

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What is Lat 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. Lat Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.26.

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, Lat Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XKRX:311060' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.34 Max: 0.37
Current: 0.26

During the past 3 years, Lat Co's highest Cash to Debt Ratio was 0.37. The lowest was 0.26. And the median was 0.34.

XKRX:311060's Cash-to-Debt is ranked worse than
80.41% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs XKRX:311060: 0.26

Lat Co Cash-to-Debt Historical Data

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

Lat Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.37

0.34

0.26

Lat Co Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.37	0.34	0.26

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

For the Specialty Industrial Machinery subindustry, Lat 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.

Lat Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Lat 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.

Lat 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)
	=	3455.661	/	(5194.258	+	8010.878)
	=	0.26

Lat Co's Cash to Debt Ratio for the quarter 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)
	=	3455.661	/	(5194.258	+	8010.878)
	=	0.26

Lat Co (XKRX:311060) 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.

Lat Co Cash-to-Debt Related Terms

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Lat Co (XKRX:311060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lat Co Ltd (XKRX:311060) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

766-2 Gosaek-dong, Gwonseon-gu, Pyeong-dong, Gyeonggi-do, 1433-100, Suwon, KOR, 16643

Website

http://www.latplasma.com

Lat Co Ltd is a Korean company which operates in the vacuum equipment industry. It manufactures semiconductor and display equipment, while its products offerings include Vacuum deposition equipment, Heat treatment devices, etching devices, fusion compound devices, and other devices. It offers products for industries including solar cells (MEMS, PACKAGE, PCB), displays (AMOLED, LCD), and renewable energy (crystalline, thin film solar cells).

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