Techtronic Industries Co (HKSE:00669) Cash-to-Debt

: 0.35 (As of Dec. 2023)

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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. Techtronic Industries Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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

HKSE:00669' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 0.81 Max: 1.43
Current: 0.35

During the past 13 years, Techtronic Industries Co's highest Cash to Debt Ratio was 1.43. The lowest was 0.35. And the median was 0.81.

HKSE:00669's Cash-to-Debt is ranked worse than
74.92% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs HKSE:00669: 0.35

Techtronic Industries Co Cash-to-Debt Historical Data

The historical data trend for Techtronic Industries 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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Techtronic Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.83

0.91

0.49

0.37

0.35

Techtronic Industries Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																0.49	0.33	0.37	0.40	0.35

Competitive Comparison

For the Tools & Accessories subindustry, Techtronic Industries 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.

Techtronic Industries Co Cash-to-Debt Distribution

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

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

Techtronic Industries 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.

Techtronic Industries 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)
	=	7648.559	/	(8385.179	+	13786.952)
	=	0.34

Techtronic Industries 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)
	=	7648.559	/	(8385.179	+	13786.952)
	=	0.34

Techtronic Industries Co (HKSE:00669) 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.

Techtronic Industries Co Cash-to-Debt Related Terms

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Techtronic Industries Co (HKSE:00669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techtronic Industries Co Ltd (HKSE:00669) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TTNDY:USA TTNDF:USA TIB1:Germany

Address

51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.ttigroup.com

Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.

Techtronic Industries Co (HKSE:00669) Headlines

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