Shine Trend International Multimedia Tec (ROCO:6856) Cash-to-Debt : 71.07 (As of Mar. 2024)

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What is Shine Trend International Multimedia Tec 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. Shine Trend International Multimedia Tec's cash to debt ratio for the quarter that ended in Mar. 2024 was 71.07.

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, Shine Trend International Multimedia Tec 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 Shine Trend International Multimedia Tec's Cash-to-Debt or its related term are showing as below:

ROCO:6856' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.48 Med: 49.65 Max: No Debt
Current: 71.07

During the past 6 years, Shine Trend International Multimedia Tec's highest Cash to Debt Ratio was No Debt. The lowest was 30.48. And the median was 49.65.

ROCO:6856's Cash-to-Debt is ranked better than
87.82% of 1018 companies
in the Media - Diversified industry
Industry Median: 1.25 vs ROCO:6856: 71.07

Shine Trend International Multimedia Tec Cash-to-Debt Historical Data

The historical data trend for Shine Trend International Multimedia Tec'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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Shine Trend International Multimedia Tec Cash-to-Debt Chart

Shine Trend International Multimedia Tec Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

104.92

56.25

45.40

40.71

99.07

Shine Trend International Multimedia Tec Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										42.64	49.55	45.41	99.07	71.07

Competitive Comparison of Shine Trend International Multimedia Tec's Cash-to-Debt

For the Entertainment subindustry, Shine Trend International Multimedia Tec'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.

Shine Trend International Multimedia Tec's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shine Trend International Multimedia Tec's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shine Trend International Multimedia Tec's Cash-to-Debt falls into.

Shine Trend International Multimedia Tec 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.

Shine Trend International Multimedia Tec'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)
	=	734.632	/	(4.126	+	3.289)
	=	99.07

Shine Trend International Multimedia Tec'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)
	=	758.059	/	(5.749	+	4.918)
	=	71.07

Shine Trend International Multimedia Tec (ROCO:6856) 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.

Shine Trend International Multimedia Tec Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shine Trend International Multimedia Tec's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shine Trend International Multimedia Tec (ROCO:6856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shine Trend International Multimedia Tec (ROCO:6856) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Section 1, Guoguang Road, Dali District, Taichung, TWN

Website

https://www.st-media.com.tw

Shine Trend International Multimedia Tec is involved in the entertainment business. The company is focused on the production of programs for television.

Shine Trend International Multimedia Tec (ROCO:6856) Headlines

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