Chokwang Paint (XKRX:004910) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is Chokwang Paint 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. Chokwang Paint's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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

XKRX:004910' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.4
Current: 0.05

During the past 13 years, Chokwang Paint's highest Cash to Debt Ratio was 0.40. The lowest was 0.02. And the median was 0.08.

XKRX:004910's Cash-to-Debt is ranked worse than
93.14% of 1546 companies
in the Chemicals industry
Industry Median: 0.74 vs XKRX:004910: 0.05

Chokwang Paint Cash-to-Debt Historical Data

The historical data trend for Chokwang Paint'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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Chokwang Paint Cash-to-Debt Chart

Chokwang Paint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.06

0.04

0.14

0.10

Chokwang Paint 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															0.12	0.10	0.07	0.10	0.05

Competitive Comparison of Chokwang Paint's Cash-to-Debt

For the Specialty Chemicals subindustry, Chokwang Paint'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.

Chokwang Paint's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chokwang Paint's Cash-to-Debt distribution charts can be found below:

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

Chokwang Paint 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.

Chokwang Paint'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)
	=	13972.491	/	(51417.144	+	88914.041)
	=	0.10

Chokwang Paint'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)
	=	6270.584	/	(41838.263	+	97239.451)
	=	0.05

Chokwang Paint (XKRX:004910) 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.

Chokwang Paint Cash-to-Debt Related Terms

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Chokwang Paint (XKRX:004910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chokwang Paint Ltd (XKRX:004910) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

379-1 Samrak-dong, Sasang-gu, Busan, KOR, 617-070

Website

http://www.chokwangpaint.co.kr

Chokwang Paint Ltd is a South Korean company engaged in manufacturing of general paints and similar products. The products of the company are floor paint, water repellent, residential paint, industrial paint, and carpentry paint.

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