Drewloong Precision (TPE:4572) Cash-to-Debt : 4.65 (As of Mar. 2024)

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What is Drewloong Precision 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. Drewloong Precision's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.65.

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, Drewloong Precision 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 Drewloong Precision's Cash-to-Debt or its related term are showing as below:

TPE:4572' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.24 Med: 4.66 Max: 10.8
Current: 4.65

During the past 10 years, Drewloong Precision's highest Cash to Debt Ratio was 10.80. The lowest was 3.24. And the median was 4.66.

TPE:4572's Cash-to-Debt is ranked better than
70.8% of 2976 companies
in the Industrial Products industry
Industry Median: 1.23 vs TPE:4572: 4.65

Drewloong Precision Cash-to-Debt Historical Data

The historical data trend for Drewloong Precision'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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Drewloong Precision Cash-to-Debt Chart

Drewloong Precision Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

10.30

9.60

8.02

3.78

4.66

Drewloong Precision 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															4.16	4.44	4.47	4.66	4.65

Competitive Comparison of Drewloong Precision's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Drewloong Precision'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.

Drewloong Precision's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Drewloong Precision's Cash-to-Debt falls into.

Drewloong Precision 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.

Drewloong Precision'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)
	=	936.279	/	(5.885	+	194.963)
	=	4.66

Drewloong Precision'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)
	=	933.459	/	(5.625	+	195.192)
	=	4.65

Drewloong Precision (TPE:4572) 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.

Drewloong Precision Cash-to-Debt Related Terms

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

Drewloong Precision (TPE:4572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Drewloong Precision Inc (TPE:4572) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

166 Bade 2nd Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.drewloong.com.tw

Drewloong Precision Inc is a Taiwan-based company that engages in the provision of precision parts and components internationally. It provides engineering and fabrication services of precision tooling, machined, sheet metal components, surface treatment, and assemblies for aerospace, electronics, automotive, industrial, and other high-tech industries. The company is involved in the fabrication of precision machined components for aerospace, shipbuilding, and industrial applications. Its product and service include fuselages, wings, stabilizers, aircraft sheet metal parts, and other products.

Drewloong Precision (TPE:4572) Headlines

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