Far Eastern Department Stores (TPE:2903) Cash-to-Debt : 0.38 (As of Dec. 2023)

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What is Far Eastern Department Stores 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. Far Eastern Department Stores's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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, Far Eastern Department Stores 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 Far Eastern Department Stores's Cash-to-Debt or its related term are showing as below:

TPE:2903' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.38 Max: 0.56
Current: 0.38

During the past 13 years, Far Eastern Department Stores's highest Cash to Debt Ratio was 0.56. The lowest was 0.26. And the median was 0.38.

TPE:2903's Cash-to-Debt is ranked worse than
54.48% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs TPE:2903: 0.38

Far Eastern Department Stores Cash-to-Debt Historical Data

The historical data trend for Far Eastern Department Stores'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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Far Eastern Department Stores Cash-to-Debt Chart

Far Eastern Department Stores Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.30

0.39

0.41

0.38

Far Eastern Department Stores 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															0.41	0.32	0.35	0.36	0.38

Competitive Comparison of Far Eastern Department Stores's Cash-to-Debt

For the Department Stores subindustry, Far Eastern Department Stores'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.

Far Eastern Department Stores's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Far Eastern Department Stores's Cash-to-Debt falls into.

Far Eastern Department Stores 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.

Far Eastern Department Stores'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)
	=	22810.069	/	(16829.534	+	42647.194)
	=	0.38

Far Eastern Department Stores'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)
	=	22810.069	/	(16829.534	+	42647.194)
	=	0.38

Far Eastern Department Stores (TPE:2903) 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.

Far Eastern Department Stores Cash-to-Debt Related Terms

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

Far Eastern Department Stores (TPE:2903) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Far Eastern Department Stores Ltd (TPE:2903) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Xinzhan Road, 18th Floor, Banqiao District, New Taipei, TWN, 220

Website

https://www.feds.com.tw

Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores. The company also operates hypermarkets and shopping malls. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. The company also provides other services, such as vehicle repair and operation of parking lots and gas stations. Most of the company's stores are located in Taiwan.

Far Eastern Department Stores (TPE:2903) Headlines

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