Halcyon Technology PCL (BKK:HTECH) Cash-to-Debt : 2.25 (As of Mar. 2024)

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What is Halcyon 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. Halcyon Technology PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.25.

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

BKK:HTECH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 0.97 Max: 2.88
Current: 2.25

During the past 13 years, Halcyon Technology PCL's highest Cash to Debt Ratio was 2.88. The lowest was 0.44. And the median was 0.97.

BKK:HTECH's Cash-to-Debt is ranked better than
61.09% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs BKK:HTECH: 2.25

Halcyon Technology PCL Cash-to-Debt Historical Data

The historical data trend for Halcyon 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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Halcyon Technology PCL Cash-to-Debt Chart

Halcyon Technology PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.88

1.02

1.45

1.75

2.12

Halcyon Technology 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															1.74	1.77	1.96	2.12	2.25

Competitive Comparison of Halcyon Technology PCL's Cash-to-Debt

For the Tools & Accessories subindustry, Halcyon 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.

Halcyon Technology PCL's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Halcyon 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.

Halcyon Technology 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)
	=	414.3	/	(60.106	+	135.76)
	=	2.12

Halcyon Technology 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)
	=	426.956	/	(60.418	+	129.49)
	=	2.25

Halcyon Technology PCL (BKK:HTECH) 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.

Halcyon Technology PCL Cash-to-Debt Related Terms

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

Halcyon Technology PCL (BKK:HTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Halcyon Technology PCL (BKK:HTECH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi 6, Serithai Road, 41 Moo 14 Bangchan Industrial Estate, Minburi, Bangkok, THA, 10510

Website

http://www.halcyon.co.th

Halcyon Technology PCL is engaged in the production and selling of cutting tools, jig and fixtures, and custom metallic devices. The company specializes in the design and manufacture of polycrystalline diamond (PCD) cutting tools required by high-precision works. Its product portfolio includes products like PCD boring tools, PCD end mill tools, PCD inserts, PCD brazing tools, PCD reamers, PCD hollow tools, PCD drills, and carbide cutting tools. It operates in three segments, Manufacturing and selling of customized cutting tools which is the prime revenue-driving segment; Importing and selling of cutting tools; and Manufacturing and selling of high-precision metal fabricated products.

Halcyon Technology PCL (BKK:HTECH) Headlines

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