Great Giant Fibre Garment Co (ROCO:4441) Cash-to-Debt : 32.63 (As of Dec. 2023)

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What is Great Giant Fibre Garment 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. Great Giant Fibre Garment Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 32.63.

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, Great Giant Fibre Garment Co 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 Great Giant Fibre Garment Co's Cash-to-Debt or its related term are showing as below:

ROCO:4441' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 1.63 Max: 32.63
Current: 32.63

During the past 6 years, Great Giant Fibre Garment Co's highest Cash to Debt Ratio was 32.63. The lowest was 0.67. And the median was 1.63.

ROCO:4441's Cash-to-Debt is ranked better than
91.05% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs ROCO:4441: 32.63

Great Giant Fibre Garment Co Cash-to-Debt Historical Data

The historical data trend for Great Giant Fibre Garment 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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Great Giant Fibre Garment Co Cash-to-Debt Chart

Great Giant Fibre Garment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.91

1.42

1.85

6.50

32.63

Great Giant Fibre Garment Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					1.85	3.69	6.50	16.49	32.63

Competitive Comparison of Great Giant Fibre Garment Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Great Giant Fibre Garment 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.

Great Giant Fibre Garment Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Great Giant Fibre Garment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Great Giant Fibre Garment Co's Cash-to-Debt falls into.

Great Giant Fibre Garment 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.

Great Giant Fibre Garment 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)
	=	2960.178	/	(35.549	+	55.174)
	=	32.63

Great Giant Fibre Garment Co'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)
	=	2960.178	/	(35.549	+	55.174)
	=	32.63

Great Giant Fibre Garment Co (ROCO:4441) 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.

Great Giant Fibre Garment Co Cash-to-Debt Related Terms

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Great Giant Fibre Garment Co (ROCO:4441) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Great Giant Fibre Garment Co Ltd (ROCO:4441) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 73, Fuxing North Road, 4th Floor, Songshan District, Taipei, TWN

Website

https://www.greatg.com.tw

Great Giant Fibre Garment Co Ltd operates in a textile mill industry. It offers garment designing and manufacturing services.

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