Grand Prix International PCL (BKK:GPI) Cash-to-Debt : 76.97 (As of Mar. 2024)

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What is Grand Prix International 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. Grand Prix International PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 76.97.

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, Grand Prix International PCL could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Grand Prix International PCL's Cash-to-Debt or its related term are showing as below:

BKK:GPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.71 Med: 36.72 Max: No Debt
Current: 76.97

During the past 10 years, Grand Prix International PCL's highest Cash to Debt Ratio was No Debt. The lowest was 3.71. And the median was 36.72.

BKK:GPI's Cash-to-Debt is ranked better than
87.68% of 1031 companies
in the Media - Diversified industry
Industry Median: 1.27 vs BKK:GPI: 76.97

Grand Prix International PCL Cash-to-Debt Historical Data

The historical data trend for Grand Prix International 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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Grand Prix International PCL Cash-to-Debt Chart

Grand Prix International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

23.45

25.32

27.91

5.14

Grand Prix International PCL 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															6.49	51.93	12.85	5.14	76.97

Competitive Comparison of Grand Prix International PCL's Cash-to-Debt

For the Advertising Agencies subindustry, Grand Prix International 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.

Grand Prix International PCL's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Grand Prix International PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Grand Prix International PCL's Cash-to-Debt falls into.

Grand Prix International 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.

Grand Prix International PCL'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)
	=	72.532	/	(10.739	+	3.363)
	=	5.14

Grand Prix International PCL'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)
	=	351.508	/	(1.615	+	2.952)
	=	76.97

Grand Prix International PCL (BKK:GPI) 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.

Grand Prix International PCL Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Grand Prix International PCL's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Grand Prix International PCL (BKK:GPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Grand Prix International PCL (BKK:GPI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ladplaklao Road, No. 4/299, Moo 5, Soi Ladplaklao 66, Kwang Anusaovaree, Khet Bangkhen, Bangkok, THA, 10220

Website

https://www.grandprix.co.th

Grand Prix International PCL is a Thailand-based company engaged in Providing space for motor shows, exhibitions, and automotive-related products and marketing promotion services, Advertising media in printing, television, and website, Production and distribution of books, Printing services, and Others. The business operation of the company is divided into segments namely Activities, Media & Publishing, Provide Printing Services, and Other segment. The company derives a majority of its revenue from the Activities segment.