Chia Hsin Cement (TPE:1103) Cash-to-Debt : 0.87 (As of Sep. 2023)

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What is Chia Hsin Cement 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. Chia Hsin Cement's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.87.

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, Chia Hsin Cement couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Chia Hsin Cement's Cash-to-Debt or its related term are showing as below:

TPE:1103' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: 0.92 Max: 1.27
Current: 0.87

During the past 13 years, Chia Hsin Cement's highest Cash to Debt Ratio was 1.27. The lowest was 0.78. And the median was 0.92.

TPE:1103's Cash-to-Debt is ranked better than
62.83% of 382 companies
in the Building Materials industry
Industry Median: 0.46 vs TPE:1103: 0.87

Chia Hsin Cement Cash-to-Debt Historical Data

The historical data trend for Chia Hsin Cement'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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Chia Hsin Cement Cash-to-Debt Chart

Chia Hsin Cement Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

1.20

0.93

0.88

0.92

0.83

Chia Hsin Cement Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.84	0.83	0.86	0.88	0.87

Competitive Comparison of Chia Hsin Cement's Cash-to-Debt

For the Building Materials subindustry, Chia Hsin Cement'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.

Chia Hsin Cement's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chia Hsin Cement's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chia Hsin Cement's Cash-to-Debt falls into.

Chia Hsin Cement 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.

Chia Hsin Cement's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	9817.987	/	(2875.447	+	8954.112)
	=	0.83

Chia Hsin Cement's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	9992.483	/	(3085.196	+	8429.401)
	=	0.87

Chia Hsin Cement (TPE:1103) 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.

Chia Hsin Cement Cash-to-Debt Related Terms

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Chia Hsin Cement (TPE:1103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chia Hsin Cement Corp (TPE:1103) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, Jiaxin Building, No. 96, Section 2, Zhongshan District, Taipei, TWN, 10449

Website

https://www.chcgroup.com.tw

Chia Hsin Cement Corp is a Taiwan-based company that operates through given segments. Its cement segment, which accounts for the majority of the company's revenue, manufactures and distributes cement and clinker in Taiwan and mainland China markets, and owns a minority stake in Taiwan-based cement and clinker maker TCC International. Its real estate segment engages in the leasing of a number of commercial buildings in Taiwan. Its Warehousing and storage segment engages in loading and unloading coal, sands, and other bulk cargo in the Port of Taipei and the Hospitality and catering services segment is in charge of catering and room service in the hotel and the maternal and child care center. The company also operates a hotel in Rome, Italy.

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