Bin Chuan Enterprise Co (ROCO:1569) Cash-to-Debt : 0.61 (As of Mar. 2024)

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What is Bin Chuan Enterprise Co 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. Bin Chuan Enterprise Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.61.

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, Bin Chuan Enterprise Co 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 Bin Chuan Enterprise Co's Cash-to-Debt or its related term are showing as below:

ROCO:1569' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.27 Max: 0.63
Current: 0.61

During the past 13 years, Bin Chuan Enterprise Co's highest Cash to Debt Ratio was 0.63. The lowest was 0.11. And the median was 0.27.

ROCO:1569's Cash-to-Debt is ranked worse than
63.8% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs ROCO:1569: 0.61

Bin Chuan Enterprise Co Cash-to-Debt Historical Data

The historical data trend for Bin Chuan Enterprise Co'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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Bin Chuan Enterprise Co Cash-to-Debt Chart

Bin Chuan Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.27

0.22

0.29

0.63

0.56

Bin Chuan Enterprise Co 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															0.51	0.59	0.46	0.56	0.61

Competitive Comparison of Bin Chuan Enterprise Co's Cash-to-Debt

For the Metal Fabrication subindustry, Bin Chuan Enterprise Co'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.

Bin Chuan Enterprise Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bin Chuan Enterprise Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bin Chuan Enterprise Co's Cash-to-Debt falls into.

Bin Chuan Enterprise Co 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.

Bin Chuan Enterprise Co'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)
	=	1186.264	/	(1301.602	+	804.532)
	=	0.56

Bin Chuan Enterprise Co'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)
	=	1244.214	/	(1222.711	+	802.256)
	=	0.61

Bin Chuan Enterprise Co (ROCO:1569) 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.

Bin Chuan Enterprise Co Cash-to-Debt Related Terms

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Bin Chuan Enterprise Co (ROCO:1569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bin Chuan Enterprise Co Ltd (ROCO:1569) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Xingye Road, Dafa Industrial Zone, Datun District, Kaohsiung, TWN, 83162

Website

http://www.hamagawa.com

Bin Chuan Enterprise Co Ltd provides precision sheet metal stamping services. It offers product design, tooling & process development, metal forming, metal finishing & components for notebook, MFP, switching power supply, monitors & others. It provides consumer electronics, including home theaters, surround sound, mold development and DVD components.

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