Thai Group Holdings PCL (BKK:TGH) Cash-to-Debt : 2.54 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Thai Group Holdings 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 Group Holdings PCL's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.54.

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 Group Holdings 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 Group Holdings PCL's Cash-to-Debt or its related term are showing as below:

BKK:TGH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 1.24 Max: 2.69
Current: 2.54

During the past 6 years, Thai Group Holdings PCL's highest Cash to Debt Ratio was 2.69. The lowest was 0.30. And the median was 1.24.

BKK:TGH's Cash-to-Debt is ranked better than
54.53% of 486 companies
in the Insurance industry
Industry Median: 1.85 vs BKK:TGH: 2.54

Thai Group Holdings PCL Cash-to-Debt Historical Data

The historical data trend for Thai Group Holdings 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.

* Premium members only.

Thai Group Holdings PCL Cash-to-Debt Chart

Thai Group Holdings PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.30

0.94

1.54

2.69

2.54

Thai Group Holdings PCL Quarterly Data
	Mar19	Jun19	Sep19	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															2.69	2.69	2.59	2.52	2.54

Competitive Comparison of Thai Group Holdings PCL's Cash-to-Debt

For the Insurance - Diversified subindustry, Thai Group Holdings 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 Group Holdings PCL's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Thai Group Holdings PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thai Group Holdings PCL's Cash-to-Debt falls into.

Thai Group Holdings 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 Group Holdings 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)
	=	51015.822	/	(15514.78	+	4570.132)
	=	2.54

Thai Group Holdings 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)
	=	51015.822	/	(15514.78	+	4570.132)
	=	2.54

Thai Group Holdings PCL (BKK:TGH) 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 Group Holdings PCL Cash-to-Debt Related Terms

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

Thai Group Holdings PCL (BKK:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Group Holdings PCL (BKK:TGH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.tgh.co.th

Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the insurance business segment. The company is managed and operates principally in Thailand.