Lagis Enterprise Co (ROCO:6730) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Lagis Enterprise 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. Lagis Enterprise Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

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

ROCO:6730' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 9.02 Max: 41.06
Current: 0.51

During the past 8 years, Lagis Enterprise Co's highest Cash to Debt Ratio was 41.06. The lowest was 0.51. And the median was 9.02.

ROCO:6730's Cash-to-Debt is ranked worse than
73.05% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.87 vs ROCO:6730: 0.51

Lagis Enterprise Co Cash-to-Debt Historical Data

The historical data trend for Lagis Enterprise 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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Lagis Enterprise Co Cash-to-Debt Chart

Lagis Enterprise Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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37.73

41.06

14.88

14.23

0.51

Lagis Enterprise Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									14.88	17.52	14.23	1.61	0.51

Competitive Comparison of Lagis Enterprise Co's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Lagis Enterprise 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.

Lagis Enterprise Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Lagis Enterprise Co's Cash-to-Debt distribution charts can be found below:

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

Lagis Enterprise 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.

Lagis Enterprise 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)
	=	89.864	/	(22.659	+	155.001)
	=	0.51

Lagis Enterprise 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)
	=	89.864	/	(22.659	+	155.001)
	=	0.51

Lagis Enterprise Co (ROCO:6730) 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.

Lagis Enterprise Co Cash-to-Debt Related Terms

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Lagis Enterprise Co (ROCO:6730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lagis Enterprise Co Ltd (ROCO:6730) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.29, Gong 1st Road, Dajia District, Taichung, TWN, 43767

Website

https://www.lagis.com.tw

Lagis Enterprise Co Ltd is a medical device development company that designs, patents, and markets medical devices for the laparoscopic and endoscopic surgical markets. Its product portfolio includes Access, Endo Devices, Specimen Retrieval products, Suction Irrigation systems, Training systems, and accessories.

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