Victory New Materials Co (TPE:1340) Cash-to-Debt : 4.18 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Victory New Materials 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. Victory New Materials Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.18.

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, Victory New Materials Co 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 Victory New Materials Co's Cash-to-Debt or its related term are showing as below:

TPE:1340' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.18 Med: 85.33 Max: No Debt
Current: 4.18

During the past 13 years, Victory New Materials Co's highest Cash to Debt Ratio was No Debt. The lowest was 4.18. And the median was 85.33.

TPE:1340's Cash-to-Debt is ranked better than
80.56% of 1034 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs TPE:1340: 4.18

Victory New Materials Co Cash-to-Debt Historical Data

The historical data trend for Victory New Materials 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.

* Premium members only.

Victory New Materials Co Cash-to-Debt Chart

Victory New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

65.41

130.47

No Debt

84.06

4.76

Victory New Materials 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															78.65	44.52	10.26	4.76	4.18

Competitive Comparison of Victory New Materials Co's Cash-to-Debt

For the Footwear & Accessories subindustry, Victory New Materials 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.

Victory New Materials Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Victory New Materials Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Victory New Materials Co's Cash-to-Debt falls into.

Victory New Materials 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.

Victory New Materials 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)
	=	986.915	/	(15.96	+	191.476)
	=	4.76

Victory New Materials 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)
	=	948.39	/	(17.468	+	209.565)
	=	4.18

Victory New Materials Co (TPE:1340) 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.

Victory New Materials Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Victory New Materials Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Victory New Materials Co (TPE:1340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Victory New Materials Ltd Co (TPE:1340) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lianyu Industrial Zone, Qingyang, Fujian Province, Jinjiang, CHN

Website

https://www.vnm.com.tw

Victory New Materials Ltd Co engages in the research and development, manufacture, and sale of new polymer materials used in sports shoe soles and sole materials. Its products include rubber sole, monochrome soles, two-color dual hardness soles, and color dual-density soles. The company also provides rubber foam soles and EVO granules, as well as finished shoes. It generates maximum revenue from a single color and RB soles product.

Victory New Materials Co (TPE:1340) Headlines

No Headlines