Cowintech Co (XKRX:282880) Cash-to-Debt : 2.10 (As of Dec. 2023)

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What is Cowintech 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. Cowintech Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.10.

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

XKRX:282880' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 1.69 Max: 813.2
Current: 2.1

During the past 7 years, Cowintech Co's highest Cash to Debt Ratio was 813.20. The lowest was 0.18. And the median was 1.69.

XKRX:282880's Cash-to-Debt is ranked better than
60.33% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs XKRX:282880: 2.10

Cowintech Co Cash-to-Debt Historical Data

The historical data trend for Cowintech 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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Cowintech Co Cash-to-Debt Chart

Cowintech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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813.20

3.11

1.43

1.69

2.10

Cowintech 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															1.69	1.55	1.62	1.59	2.10

Competitive Comparison of Cowintech Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Cowintech 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.

Cowintech Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cowintech Co's Cash-to-Debt distribution charts can be found below:

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

Cowintech 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.

Cowintech 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)
	=	152397.017	/	(34650.714	+	38022.154)
	=	2.10

Cowintech 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)
	=	152397.017	/	(34650.714	+	38022.154)
	=	2.10

Cowintech Co (XKRX:282880) 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.

Cowintech Co Cash-to-Debt Related Terms

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Cowintech Co (XKRX:282880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cowintech Co Ltd (XKRX:282880) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 1593, Seokgok-ri, Lunpo-myeon, Asan Valley East Road 254, Chungcheongnam-do, Asan-si, KOR

Website

http://www.cowintech.com

Cowintech Co Ltd is a South Korea based company engaged in system design business which includes Product consulting, Selection of cost and investment cost, Propose / present automation solution and Initial Design and Layout. It is also focused on Automation equipment, Maintenance and Control system.

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