Thai Energy Storage Technology PCL (BKK:3K-BAT) Cash-to-Debt : 1.29 (As of Dec. 2023)

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What is Thai Energy Storage Technology PCL 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. Thai Energy Storage Technology PCL's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.29.

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, Thai Energy Storage Technology PCL 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 Thai Energy Storage Technology PCL's Cash-to-Debt or its related term are showing as below:

BKK:3K-BAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.76 Max: 1.29
Current: 1.29

During the past 5 years, Thai Energy Storage Technology PCL's highest Cash to Debt Ratio was 1.29. The lowest was 0.31. And the median was 0.76.

BKK:3K-BAT's Cash-to-Debt is ranked better than
51.31% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs BKK:3K-BAT: 1.29

Thai Energy Storage Technology PCL Cash-to-Debt Historical Data

The historical data trend for Thai Energy Storage Technology PCL'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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Thai Energy Storage Technology PCL Cash-to-Debt Chart

Thai Energy Storage Technology PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Mar23

Cash-to-Debt

0.31

0.34

0.90

0.70

0.87

Thai Energy Storage Technology PCL Quarterly Data
	Dec18	Jun19	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														0.77	0.87	1.02	1.27	1.29

Competitive Comparison of Thai Energy Storage Technology PCL's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Thai Energy Storage Technology PCL'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.

Thai Energy Storage Technology PCL's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thai Energy Storage Technology PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thai Energy Storage Technology PCL's Cash-to-Debt falls into.

Thai Energy Storage Technology PCL 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.

Thai Energy Storage Technology PCL's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	610.064	/	(263.094	+	442.292)
	=	0.86

Thai Energy Storage Technology PCL'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)
	=	699.814	/	(249.797	+	293.787)
	=	1.29

Thai Energy Storage Technology PCL (BKK:3K-BAT) 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.

Thai Energy Storage Technology PCL Cash-to-Debt Related Terms

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Thai Energy Storage Technology PCL (BKK:3K-BAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thai Energy Storage Technology PCL (BKK:3K-BAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

387 Moo 4, Sukhumvit Road, Mueang Samut Prakan District, Praekasa Sub-District, Samut Prakan, THA, 10280

Website

https://www.3kbattery.com

Thai Energy Storage Technology PCL is engaged in the manufacturing of batteries. It provides Automotive batteries, Motorcycle Battery, Traction Battery, ED Battery, and Lighting batteries among other products. The company's operations are carried on only in Thailand, with an international customer base.

Thai Energy Storage Technology PCL (BKK:3K-BAT) Headlines

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