Yulon Finance (TPE:9941) Cash-to-Debt : 0.03 (As of Mar. 2024)

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What is Yulon Finance 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. Yulon Finance's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.03.

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

TPE:9941' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.08
Current: 0.03

During the past 13 years, Yulon Finance's highest Cash to Debt Ratio was 0.08. The lowest was 0.03. And the median was 0.04.

TPE:9941's Cash-to-Debt is ranked worse than
83.56% of 505 companies
in the Credit Services industry
Industry Median: 0.22 vs TPE:9941: 0.03

Yulon Finance Cash-to-Debt Historical Data

The historical data trend for Yulon Finance'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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Yulon Finance Cash-to-Debt Chart

Yulon Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.04

Yulon Finance 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															0.04	0.04	0.04	0.04	0.03

Competitive Comparison of Yulon Finance's Cash-to-Debt

For the Credit Services subindustry, Yulon Finance'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.

Yulon Finance's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yulon Finance's Cash-to-Debt distribution charts can be found below:

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

Yulon Finance 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.

Yulon Finance'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)
	=	9246.375	/	(230728.08	+	4285.996)
	=	0.04

Yulon Finance'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)
	=	7783.445	/	(227789.187	+	4528.295)
	=	0.03

Yulon Finance (TPE:9941) 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.

Yulon Finance Cash-to-Debt Related Terms

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

Yulon Finance (TPE:9941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yulon Finance Corp (TPE:9941) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9941A.PFD:Taiwan

Address

No. 2, Dunhua South Road, Section 2, 15th Floor, Taipei, TWN

Website

https://www.tac.com.tw

Yulon Finance Corp is mainly focused on purchasing of accounts receivable which are related to products such as new cars and used cars.

Yulon Finance (TPE:9941) Headlines

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