Fortune Oriental Co (TPE:2491) Cash-to-Debt : 16.51 (As of Mar. 2024)

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What is Fortune Oriental 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. Fortune Oriental Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.51.

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, Fortune Oriental 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 Fortune Oriental Co's Cash-to-Debt or its related term are showing as below:

TPE:2491' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 90.1
Current: 16.51

During the past 13 years, Fortune Oriental Co's highest Cash to Debt Ratio was 90.10. The lowest was 0.01. And the median was 0.04.

TPE:2491's Cash-to-Debt is ranked better than
82.97% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs TPE:2491: 16.51

Fortune Oriental Co Cash-to-Debt Historical Data

The historical data trend for Fortune Oriental 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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Fortune Oriental Co Cash-to-Debt Chart

Fortune Oriental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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75.60

56.26

61.99

25.54

14.74

Fortune Oriental 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															29.58	34.80	12.75	14.74	16.51

Competitive Comparison of Fortune Oriental Co's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Fortune Oriental 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.

Fortune Oriental Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fortune Oriental Co's Cash-to-Debt distribution charts can be found below:

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

Fortune Oriental 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.

Fortune Oriental 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)
	=	793.571	/	(22.461	+	31.378)
	=	14.74

Fortune Oriental 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)
	=	839.048	/	(21.706	+	29.127)
	=	16.51

Fortune Oriental Co (TPE:2491) 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.

Fortune Oriental Co Cash-to-Debt Related Terms

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Fortune Oriental Co (TPE:2491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Fortune Oriental Co Ltd (TPE:2491) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng Road, No. 6, Lane 54, Xindian District, Taoyuan, TWN, 231041

Website

https://www.focl.com.tw

Fortune Oriental Co Ltd is principally engaged in the manufacturing and distribution of lighting applications and the distribution and reselling of electronic components. It also imports and export trade of products multimedia information products. Its segments include Electronics multimedia, Investment, Optoelectronic, and others. It generates the majority of its revenue from Investment segment.

Fortune Oriental Co (TPE:2491) Headlines

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