Shane Global Holding (TPE:8482) Cash-to-Debt : 16.61 (As of Mar. 2024)

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What is Shane Global Holding 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. Shane Global Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.61.

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, Shane Global Holding 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 Shane Global Holding's Cash-to-Debt or its related term are showing as below:

TPE:8482' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.81 Med: 14.98 Max: 30.34
Current: 16.61

During the past 9 years, Shane Global Holding's highest Cash to Debt Ratio was 30.34. The lowest was 3.81. And the median was 14.98.

TPE:8482's Cash-to-Debt is ranked better than
83.21% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs TPE:8482: 16.61

Shane Global Holding Cash-to-Debt Historical Data

The historical data trend for Shane Global Holding'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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Shane Global Holding Cash-to-Debt Chart

Shane Global Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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12.54

17.17

14.53

26.01

14.18

Shane Global Holding 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															20.83	18.16	11.16	14.18	16.61

Competitive Comparison of Shane Global Holding's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Shane Global Holding'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.

Shane Global Holding's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Shane Global Holding's Cash-to-Debt falls into.

Shane Global Holding 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.

Shane Global Holding'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)
	=	812.235	/	(17.499	+	39.785)
	=	14.18

Shane Global Holding'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)
	=	915.588	/	(18.313	+	36.799)
	=	16.61

Shane Global Holding (TPE:8482) 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.

Shane Global Holding Cash-to-Debt Related Terms

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Shane Global Holding (TPE:8482) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shane Global Holding Inc (TPE:8482) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua S.Road, 2nd Floor, No.97, Section 2, Da’an District, Taipei, TWN, 106045

Website

https://www.shaneglobal.com.tw

Shane Global Holding Inc is a holding company. The company along with its holdings is engaged in the research and development, production and sale of indoor and interior furniture. It specializes in the production and sales of sofas, sofa covers, and other leather goods. Its products include sofa, bed and ottoman.

Shane Global Holding (TPE:8482) Headlines

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