Taka Jewellery Holdings (SGX:42L) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Taka Jewellery Holdings 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. Taka Jewellery Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Taka Jewellery Holdings 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 Taka Jewellery Holdings's Cash-to-Debt or its related term are showing as below:

SGX:42L' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.41 Max: 1.27
Current: 0.25

During the past 9 years, Taka Jewellery Holdings's highest Cash to Debt Ratio was 1.27. The lowest was 0.17. And the median was 0.41.

SGX:42L's Cash-to-Debt is ranked worse than
63.88% of 1102 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs SGX:42L: 0.25

Taka Jewellery Holdings Cash-to-Debt Historical Data

The historical data trend for Taka Jewellery Holdings'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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Taka Jewellery Holdings Cash-to-Debt Chart

Taka Jewellery Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.29

0.21

0.41

0.23

0.17

Taka Jewellery Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial													0.40	0.23	0.24	0.17	0.25

Competitive Comparison of Taka Jewellery Holdings's Cash-to-Debt

For the Luxury Goods subindustry, Taka Jewellery Holdings'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.

Taka Jewellery Holdings's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Taka Jewellery Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Taka Jewellery Holdings's Cash-to-Debt falls into.

Taka Jewellery Holdings 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.

Taka Jewellery Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	8.389	/	(31.501	+	17.425)
	=	0.17

Taka Jewellery Holdings'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)
	=	14.457	/	(41.076	+	17.115)
	=	0.25

Taka Jewellery Holdings (SGX:42L) 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.

Taka Jewellery Holdings Cash-to-Debt Related Terms

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

Taka Jewellery Holdings (SGX:42L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Taka Jewellery Holdings Ltd (SGX:42L) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Kaki Bukit Place, Eunos Techpark, Singapore, SGP, 416181

Website

http://www.takajewellery.com.sg

Taka Jewellery Holdings Ltd is involved in the design, manufacturing and sale of jewellery in Singapore under the Taka Jewellery brand as well as on a wholesale basis to the markets through active participation in international jewellery exhibitions. The company's segment includes Wholesale and Exhibitions; Retail and Financial Services. It generates maximum revenue from the Retail segment. The Retail segment relates to the sale of jewellery to customers at retail outlets, promotional events and headquarters.

Taka Jewellery Holdings (SGX:42L) Headlines

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