Triangle Tyre Co (SHSE:601163) Cash-to-Debt : 1.52 (As of Sep. 2023)

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What is Triangle Tyre 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. Triangle Tyre Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.52.

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, Triangle Tyre Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

SHSE:601163' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 1.78 Max: 5.68
Current: 1.52

During the past 13 years, Triangle Tyre Co's highest Cash to Debt Ratio was 5.68. The lowest was 0.62. And the median was 1.78.

SHSE:601163's Cash-to-Debt is ranked better than
68.5% of 1292 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs SHSE:601163: 1.52

Triangle Tyre Co Cash-to-Debt Historical Data

The historical data trend for Triangle Tyre 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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Triangle Tyre Co Cash-to-Debt Chart

Triangle Tyre Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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3.99

5.68

2.19

1.25

1.88

Triangle Tyre Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.60	1.88	1.85	1.52	1.52

Competitive Comparison of Triangle Tyre Co's Cash-to-Debt

For the Auto Parts subindustry, Triangle Tyre 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.

Triangle Tyre Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Triangle Tyre Co's Cash-to-Debt distribution charts can be found below:

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

Triangle Tyre 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.

Triangle Tyre Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	2741.132	/	(1254.469	+	206.461)
	=	1.88

Triangle Tyre Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	2001.137	/	(958.053	+	358.01)
	=	1.52

Triangle Tyre Co (SHSE:601163) 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.

Triangle Tyre Co Cash-to-Debt Related Terms

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Triangle Tyre Co (SHSE:601163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Triangle Tyre Co Ltd (SHSE:601163) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

56 Middle Qingdao Road, Shandong Province, Weihai, CHN, 264200

Website

http://www.triangle.com.cn

Triangle Tyre Co Ltd is a tire manufacturing company. Its range of products covers commercial tires, passenger tires, bias OTR tires, radial OTR tires, jumbo OTR tires and others. It holds enormous foreign and Chinese patent portfolio and plays the key role in setting national and professional tire industry standards. Further, it has built a global partnership with various brands such as Caterpillar, Terex, Doosan, Hyundai and Volvo and others. Geographically, its presence is seen in both Chinese and international market.

Triangle Tyre Co (SHSE:601163) Headlines

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