Far Eastern New Century (TPE:1402) Cash-to-Debt : 0.13 (As of Mar. 2024)

View and export this data going back to 1967. Start your Free Trial

What is Far Eastern New Century 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 New Century's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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 New Century couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Far Eastern New Century's Cash-to-Debt or its related term are showing as below:

TPE:1402' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.28
Current: 0.13

During the past 13 years, Far Eastern New Century's highest Cash to Debt Ratio was 0.28. The lowest was 0.09. And the median was 0.19.

TPE:1402's Cash-to-Debt is ranked worse than
73.54% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs TPE:1402: 0.13

Far Eastern New Century Cash-to-Debt Historical Data

The historical data trend for Far Eastern New Century'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.

* Premium members only.

Far Eastern New Century Cash-to-Debt Chart

Far Eastern New Century Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.23

0.17

0.20

0.16

Far Eastern New Century Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.21	0.09	0.10	0.16	0.13

Competitive Comparison of Far Eastern New Century's Cash-to-Debt

For the Textile Manufacturing subindustry, Far Eastern New Century'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 New Century's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Far Eastern New Century's Cash-to-Debt distribution charts can be found below:

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

Far Eastern New Century 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 New Century'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)
	=	43060.008	/	(61917.538	+	215439.216)
	=	0.16

Far Eastern New Century's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	35768.845	/	(78462.192	+	193093.721)
	=	0.13

Far Eastern New Century (TPE:1402) 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 New Century Cash-to-Debt Related Terms

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

Far Eastern New Century (TPE:1402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Far Eastern New Century Corp (TPE:1402) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207, Tun Hwa South Road, 36th Floor, Taipei Metro Tower, Section 2, Taipei, TWN

Website

https://www.fenc.com

Far Eastern New Century Corp is a Taiwan-based industrial holding company with operations that span Taiwan, China, Vietnam, the United States, and Southeast Asia. The company is organized into a business that includes telecommunication, polyester, textiles, property development, and others. The telecommunication business offers wireless telecommunications and cloud services and sells mobile equipment products. The petrochemical business mainly engages in the production and sales of PTA goods. The polyester business produces and sells various polyester and PET products. The textile business produces finished yarns, fabrics, and clothes. The company generates the majority of its revenue from its polyester segments, and most of its revenue is derived from Taiwan.

Far Eastern New Century (TPE:1402) Headlines

No Headlines