Mirle Automation Co (TPE:2464) Cash-to-Debt : 0.60 (As of Mar. 2024)

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What is Mirle Automation 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. Mirle Automation Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.60.

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, Mirle Automation Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Mirle Automation Co's Cash-to-Debt or its related term are showing as below:

TPE:2464' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 1.26 Max: 3.9
Current: 0.6

During the past 13 years, Mirle Automation Co's highest Cash to Debt Ratio was 3.90. The lowest was 0.39. And the median was 1.26.

TPE:2464's Cash-to-Debt is ranked worse than
64.28% of 2976 companies
in the Industrial Products industry
Industry Median: 1.23 vs TPE:2464: 0.60

Mirle Automation Co Cash-to-Debt Historical Data

The historical data trend for Mirle Automation 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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Mirle Automation Co Cash-to-Debt Chart

Mirle Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.73

1.66

1.71

0.64

0.39

Mirle Automation 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															0.50	0.56	0.42	0.39	0.60

Competitive Comparison of Mirle Automation Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Mirle Automation 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.

Mirle Automation Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mirle Automation Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mirle Automation Co's Cash-to-Debt falls into.

Mirle Automation 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.

Mirle Automation 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)
	=	1422.073	/	(3115.982	+	525.582)
	=	0.39

Mirle Automation 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)
	=	2092.249	/	(3026.689	+	442.83)
	=	0.60

Mirle Automation Co (TPE:2464) 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.

Mirle Automation Co Cash-to-Debt Related Terms

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Mirle Automation Co (TPE:2464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mirle Automation Co Ltd (TPE:2464) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, R&D Road II, Science Park, Hsinchu, TWN, 30076

Website

https://www.mirle.com.tw

Mirle Automation Co Ltd is one of the leaders in automation system integrators and related product manufacturers. The Corporation is mainly engaged in the business of automation equipment systems and its components various parking facilities, medical equipment and the design, development, production and sale of the automation equipment used in these products, and also provides after-sales services for the products. It is also engaged in the leasing business and develops and sells software and databases that are used in automation equipment. Moreover, the corporation also provides construction planning, installation, consulting, and maintenance services for the above products.

Mirle Automation Co (TPE:2464) Headlines

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