Enjet Co (XKRX:419080) Cash-to-Debt : 91.16 (As of Dec. 2023)

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What is Enjet 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. Enjet Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 91.16.

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, Enjet Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XKRX:419080' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: 47.7 Max: 139.33
Current: 91.16

During the past 4 years, Enjet Co's highest Cash to Debt Ratio was 139.33. The lowest was 1.16. And the median was 47.70.

XKRX:419080's Cash-to-Debt is ranked better than
91.34% of 2472 companies
in the Hardware industry
Industry Median: 1.365 vs XKRX:419080: 91.16

Enjet Co Cash-to-Debt Historical Data

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

Enjet Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.16

4.23

139.33

91.16

Enjet Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				139.33	173.52	175.98	105.49	91.16

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

For the Computer Hardware subindustry, Enjet 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.

Enjet Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Enjet Co's Cash-to-Debt distribution charts can be found below:

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

Enjet 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.

Enjet 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)
	=	37589.701	/	(144.34	+	267.996)
	=	91.16

Enjet 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)
	=	37589.701	/	(144.34	+	267.996)
	=	91.16

Enjet Co (XKRX:419080) 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.

Enjet Co Cash-to-Debt Related Terms

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Enjet Co (XKRX:419080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Enjet Co Ltd (XKRX:419080) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.45, Saneop-ro 92beon-gil, Gwonseon-gu, Gyeonggi-do, Suwon-si, KOR, 16643

Website

http://www.enjet.co.kr

Enjet Co Ltd produces and sells nanojet printers/coaters to help develop various industries such as smartphones, displays, semiconductors, glass, camera modules, bio, and materials industries. The firm produces printers, coaters, and other products.

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