SY Steel Tech (XKRX:365330) Cash-to-Debt : 0.77 (As of Jun. 2024)

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What is SY Steel Tech 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. SY Steel Tech's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.77.

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, SY Steel Tech couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XKRX:365330' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 0.65 Max: 1.64
Current: 0.77

During the past 9 years, SY Steel Tech's highest Cash to Debt Ratio was 1.64. The lowest was 0.47. And the median was 0.65.

XKRX:365330's Cash-to-Debt is ranked better than
66.08% of 628 companies
in the Steel industry
Industry Median: 0.385 vs XKRX:365330: 0.77

SY Steel Tech Cash-to-Debt Historical Data

The historical data trend for SY Steel Tech'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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SY Steel Tech Cash-to-Debt Chart

SY Steel Tech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.37

0.44

0.20

0.47

1.64

SY Steel Tech Quarterly Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	N/A	0.47	0.53	1.64	0.77

Competitive Comparison of SY Steel Tech's Cash-to-Debt

For the Steel subindustry, SY Steel Tech'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.

SY Steel Tech's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, SY Steel Tech's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where SY Steel Tech's Cash-to-Debt falls into.

SY Steel Tech 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.

SY Steel Tech'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)
	=	27019.707	/	(6772.658	+	9660.328)
	=	1.64

SY Steel Tech's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	18024.656	/	(13068.643	+	10500.641)
	=	0.76

SY Steel Tech (XKRX:365330) 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.

SY Steel Tech Cash-to-Debt Related Terms

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SY Steel Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SY Steel Tech Inc (XKRX:365330) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

154 Segogae-ro, Eomjeong-myeon, Chungju-si, Chungcheongbuk-do, KOR

Website

https://www.systeeltech.com

SY Steel Tech Inc is engaged in manufacturing of metal processing business; excluding machinery and furniture. The Company processes steels and other products.

SY Steel Tech Headlines

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