Kings Metal Fiber Technologies Co (ROCO:6832) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Kings Metal Fiber Technologies 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. Kings Metal Fiber Technologies Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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, Kings Metal Fiber Technologies Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Kings Metal Fiber Technologies Co's Cash-to-Debt or its related term are showing as below:

ROCO:6832' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.33
Current: 0.33

During the past 6 years, Kings Metal Fiber Technologies Co's highest Cash to Debt Ratio was 0.33. The lowest was 0.17. And the median was 0.23.

ROCO:6832's Cash-to-Debt is ranked worse than
57.68% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs ROCO:6832: 0.33

Kings Metal Fiber Technologies Co Cash-to-Debt Historical Data

The historical data trend for Kings Metal Fiber Technologies 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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Kings Metal Fiber Technologies Co Cash-to-Debt Chart

Kings Metal Fiber Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.23

0.20

0.17

0.23

0.33

Kings Metal Fiber Technologies Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.17	0.21	0.23	0.34	0.33

Competitive Comparison of Kings Metal Fiber Technologies Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Kings Metal Fiber Technologies 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.

Kings Metal Fiber Technologies Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kings Metal Fiber Technologies Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kings Metal Fiber Technologies Co's Cash-to-Debt falls into.

Kings Metal Fiber Technologies 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.

Kings Metal Fiber Technologies 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)
	=	129.815	/	(72.582	+	325.41)
	=	0.33

Kings Metal Fiber Technologies 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)
	=	129.815	/	(72.582	+	325.41)
	=	0.33

Kings Metal Fiber Technologies Co (ROCO:6832) 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.

Kings Metal Fiber Technologies Co Cash-to-Debt Related Terms

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Kings Metal Fiber Technologies Co (ROCO:6832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kings Metal Fiber Technologies Co Ltd (ROCO:6832) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linsen N. Road, 8th Floor, No. 426, Zhongshan District, Taipei, TWN, 104

Website

http://www.kingsmetalfiber.com

Kings Metal Fiber Technologies Co Ltd is engaged in the business of advanced textiles. Its customer base ranges from glass manufacturing industries to smart clothing retail markets. By transforming stainless steel fibers into soft and smooth textile constructions, the company provides the ideal buffer material for contacting the hot surfaces of glass during its forming process.

Kings Metal Fiber Technologies Co (ROCO:6832) Headlines

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