Polaris Uno (XKRX:114630) Cash-to-Debt : 4.20 (As of Mar. 2024)

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What is Polaris Uno 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. Polaris Uno's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.20.

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

XKRX:114630' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.06 Med: 12.7 Max: No Debt
Current: 4.2

During the past 13 years, Polaris Uno's highest Cash to Debt Ratio was No Debt. The lowest was 2.06. And the median was 12.70.

XKRX:114630's Cash-to-Debt is ranked better than
75.44% of 1547 companies
in the Chemicals industry
Industry Median: 0.74 vs XKRX:114630: 4.20

Polaris Uno Cash-to-Debt Historical Data

The historical data trend for Polaris Uno'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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Polaris Uno Cash-to-Debt Chart

Polaris Uno Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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13.16

505.23

2.06

3.78

3.83

Polaris Uno 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															4.46	4.21	4.22	3.83	4.20

Competitive Comparison of Polaris Uno's Cash-to-Debt

For the Specialty Chemicals subindustry, Polaris Uno'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.

Polaris Uno's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Polaris Uno 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.

Polaris Uno'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)
	=	55101.908	/	(14297.271	+	72.808)
	=	3.83

Polaris Uno'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)
	=	21182.421	/	(4977.452	+	63.968)
	=	4.20

Polaris Uno (XKRX:114630) 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.

Polaris Uno Cash-to-Debt Related Terms

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Polaris Uno (XKRX:114630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Polaris Uno Inc (XKRX:114630) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanjusandan 3-ro, 158-15, Bongdong-Eup, Jeollabuk-do, Wanju-gun, KOR, 55321

Website

http://www.unon.co.kr

Polaris Uno Inc manufactures various types of thread used to manufacture wigs. The company operates in the business divisions of Synthetic hair division and Chemicals division. In Synthetic hair division, the company produce fibers for wigs like PVC fibers, heat resistant fibers and special fibers. In the Chemicals division, the company's business is materials-business to supply raw materials like copper clad laminates (CCL) for PCB to produce electronic products. The company is involved in optical monomer business for eyesight-revision plastic lens manufacturing and label adhesive for glass bottles. It offers electronic materials, optical materials and adhesive labels.

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