Eastern Technical Engineering PCL (BKK:ETE-F) Cash-to-Debt : 0.07 (As of Dec. 2023)

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What is Eastern Technical Engineering PCL 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. Eastern Technical Engineering PCL's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.07.

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, Eastern Technical Engineering PCL 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 Eastern Technical Engineering PCL's Cash-to-Debt or its related term are showing as below:

BKK:ETE-F' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.14
Current: 0.07

During the past 10 years, Eastern Technical Engineering PCL's highest Cash to Debt Ratio was 0.14. The lowest was 0.04. And the median was 0.06.

BKK:ETE-F's Cash-to-Debt is ranked worse than
90.06% of 523 companies
in the Conglomerates industry
Industry Median: 0.48 vs BKK:ETE-F: 0.07

Eastern Technical Engineering PCL Cash-to-Debt Historical Data

The historical data trend for Eastern Technical Engineering PCL'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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Eastern Technical Engineering PCL Cash-to-Debt Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.04

0.07

0.05

0.07

Eastern Technical Engineering PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.06	0.09	0.04	0.07

Competitive Comparison of Eastern Technical Engineering PCL's Cash-to-Debt

For the Conglomerates subindustry, Eastern Technical Engineering PCL'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.

Eastern Technical Engineering PCL's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Eastern Technical Engineering PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eastern Technical Engineering PCL's Cash-to-Debt falls into.

Eastern Technical Engineering PCL 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.

Eastern Technical Engineering PCL'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)
	=	75.052	/	(831.393	+	273.047)
	=	0.07

Eastern Technical Engineering PCL'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)
	=	75.052	/	(831.393	+	273.047)
	=	0.07

Eastern Technical Engineering PCL (BKK:ETE-F) 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.

Eastern Technical Engineering PCL Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Eastern Technical Engineering PCL's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Technical Engineering PCL (BKK:ETE-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE-F) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ETE:Thailand

Address

59 / 21-22 Moo 1, Liang Muang Road, Bang Kung Subdistrict, Mueang Surat Thani District, Surat Thani, Bangkok, THA, 84000

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

Eastern Technical Engineering PCL (BKK:ETE-F) Headlines

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