Formosa Taffeta Co (TPE:1434) Cash-to-Debt : 0.40 (As of Dec. 2023)

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What is Formosa Taffeta 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. Formosa Taffeta Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

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

TPE:1434' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.43 Max: 0.62
Current: 0.4

During the past 13 years, Formosa Taffeta Co's highest Cash to Debt Ratio was 0.62. The lowest was 0.33. And the median was 0.43.

TPE:1434's Cash-to-Debt is ranked worse than
52.89% of 1038 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs TPE:1434: 0.40

Formosa Taffeta Co Cash-to-Debt Historical Data

The historical data trend for Formosa Taffeta 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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Formosa Taffeta Co Cash-to-Debt Chart

Formosa Taffeta Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.41

0.33

0.35

0.45

0.40

Formosa Taffeta 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															0.45	0.45	0.48	0.40	0.40

Competitive Comparison of Formosa Taffeta Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Formosa Taffeta 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.

Formosa Taffeta Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Formosa Taffeta Co's Cash-to-Debt distribution charts can be found below:

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

Formosa Taffeta 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.

Formosa Taffeta 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)
	=	5466.956	/	(2652.398	+	11161.491)
	=	0.40

Formosa Taffeta 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)
	=	5466.956	/	(2652.398	+	11161.491)
	=	0.40

Formosa Taffeta Co (TPE:1434) 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.

Formosa Taffeta Co Cash-to-Debt Related Terms

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Formosa Taffeta Co (TPE:1434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The company's business segments include first business segment, which is primarily involved in production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which primarily produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segment. The first business segment and the cord fabric segment jointly contribute more than half of the company's total revenue.

Formosa Taffeta Co (TPE:1434) Headlines

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