Addcn Technology Co (ROCO:5287) Cash-to-Debt : 8.66 (As of Dec. 2023)

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What is Addcn Technology 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. Addcn Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.66.

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

ROCO:5287' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.66 Med: 6404.17 Max: 23266.25
Current: 8.66

During the past 13 years, Addcn Technology Co's highest Cash to Debt Ratio was 23266.25. The lowest was 8.66. And the median was 6404.17.

ROCO:5287's Cash-to-Debt is ranked better than
59.73% of 586 companies
in the Interactive Media industry
Industry Median: 4.69 vs ROCO:5287: 8.66

Addcn Technology Co Cash-to-Debt Historical Data

The historical data trend for Addcn Technology 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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Addcn Technology Co Cash-to-Debt Chart

Addcn Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6,492.36

8,117.29

11.72

12.04

8.66

Addcn Technology Co 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															12.04	11.97	11.55	8.69	8.66

Competitive Comparison of Addcn Technology Co's Cash-to-Debt

For the Internet Content & Information subindustry, Addcn Technology 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.

Addcn Technology Co's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Addcn Technology Co's Cash-to-Debt distribution charts can be found below:

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

Addcn Technology 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.

Addcn Technology 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)
	=	1604.335	/	(13.242	+	172.116)
	=	8.66

Addcn Technology 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)
	=	1604.335	/	(13.242	+	172.116)
	=	8.66

Addcn Technology Co (ROCO:5287) 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.

Addcn Technology Co Cash-to-Debt Related Terms

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Addcn Technology Co (ROCO:5287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Addcn Technology Co Ltd (ROCO:5287) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Section 5, Lane 609, Chugshin Road, 10th Floor,, Sanchong District, New Taipei, TWN, 241

Website

https://www.addcn.com

Addcn Technology Co Ltd operates an Internet trading platform and online apparel retail businesses. The company operates www.8591.com.tw, a game item trading platform; www.591.com.tw, a housing leasing network; www.8891.com.tw, a used car trading network, and an HR channel for small and middle enterprises platform, a part-time job APP platform and a platform for interior design. Geographically, it derives a majority of its revenue from Taiwan.

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