Tech-Top Engineering Co (ROCO:6750) Cash-to-Debt : 1.36 (As of Dec. 2023)

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What is Tech-Top Engineering 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. Tech-Top Engineering Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.36.

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

ROCO:6750' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.76 Med: 0.99 Max: 1.36
Current: 1.36

During the past 7 years, Tech-Top Engineering Co's highest Cash to Debt Ratio was 1.36. The lowest was 0.76. And the median was 0.99.

ROCO:6750's Cash-to-Debt is ranked better than
64.54% of 1633 companies
in the Construction industry
Industry Median: 0.61 vs ROCO:6750: 1.36

Tech-Top Engineering Co Cash-to-Debt Historical Data

The historical data trend for Tech-Top Engineering 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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Tech-Top Engineering Co Cash-to-Debt Chart

Tech-Top Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.00

0.99

0.83

0.87

1.36

Tech-Top Engineering Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.83	0.80	0.87	0.83	1.36

Competitive Comparison of Tech-Top Engineering Co's Cash-to-Debt

For the Engineering & Construction subindustry, Tech-Top Engineering 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.

Tech-Top Engineering Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tech-Top Engineering Co's Cash-to-Debt distribution charts can be found below:

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

Tech-Top Engineering 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.

Tech-Top Engineering 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)
	=	610.004	/	(201.356	+	248.057)
	=	1.36

Tech-Top Engineering 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)
	=	610.004	/	(201.356	+	248.057)
	=	1.36

Tech-Top Engineering Co (ROCO:6750) 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.

Tech-Top Engineering Co Cash-to-Debt Related Terms

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Tech-Top Engineering Co (ROCO:6750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tech-Top Engineering Co Ltd (ROCO:6750) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN

Website

http://www.tech-top-eng.com

Tech-Top Engineering Co Ltd is an engineering company that provides services for cleanroom setup, water, and electrical supply system, fire control system, air conditioning, and laboratory facility. The company also provides PV and BIPV design, planning and construction.

Tech-Top Engineering Co (ROCO:6750) Headlines

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