Neo Cremar Co (XKRX:311390) Cash-to-Debt : 2.08 (As of Sep. 2024)

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What is Neo Cremar 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. Neo Cremar Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.08.

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

XKRX:311390' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.23 Med: 2.22 Max: 21.19
Current: 2.08

During the past 7 years, Neo Cremar Co's highest Cash to Debt Ratio was 21.19. The lowest was 1.23. And the median was 2.22.

XKRX:311390's Cash-to-Debt is ranked better than
68.97% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs XKRX:311390: 2.08

Neo Cremar Co Cash-to-Debt Historical Data

The historical data trend for Neo Cremar 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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Neo Cremar Co Cash-to-Debt Chart

Neo Cremar Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.00

2.01

2.22

5.17

19.81

Neo Cremar 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															21.19	19.81	6.66	6.04	2.08

Competitive Comparison of Neo Cremar Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Neo Cremar 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.

Neo Cremar Co's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Neo Cremar 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.

Neo Cremar 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)
	=	30076.114	/	(356.914	+	1161.055)
	=	19.81

Neo Cremar 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)
	=	35678.997	/	(11041.528	+	6148.572)
	=	2.08

Neo Cremar Co (XKRX:311390) 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.

Neo Cremar Co Cash-to-Debt Related Terms

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Neo Cremar Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neo Cremar Co Ltd (XKRX:311390) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Beobwon-ro, 11-gil, Songpa-gu, A-714, Hyundai Knowledge Center, Seoul, KOR, 05836

Website

http://www.cremar.co.kr

Neo Cremar Co Ltd is a South Korea based company engaged in supplying ingredients of functional foods. It is involved in the selling of products such as Galactooligosaccharide which has prebiotics effect and skin-improving effect and Palatinose which deters rise in blood sugar. Some of its other products include Neotide, Cyclodextrin syrup, Water-soluble curcumin, and Duoligo.

Neo Cremar Co Headlines

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