Seah Steel (XKRX:306200) Cash-to-Debt : 0.98 (As of Dec. 2023)

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What is Seah Steel 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. Seah Steel's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.98.

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, Seah Steel couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Seah Steel's Cash-to-Debt or its related term are showing as below:

XKRX:306200' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.48 Max: 0.99
Current: 0.98

During the past 6 years, Seah Steel's highest Cash to Debt Ratio was 0.99. The lowest was 0.11. And the median was 0.48.

XKRX:306200's Cash-to-Debt is ranked better than
70.08% of 615 companies
in the Steel industry
Industry Median: 0.43 vs XKRX:306200: 0.98

Seah Steel Cash-to-Debt Historical Data

The historical data trend for Seah Steel'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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Seah Steel Cash-to-Debt Chart

Seah Steel Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.35

0.61

0.99

0.98

Seah Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.99	1.04	0.86	0.92	0.98

Competitive Comparison of Seah Steel's Cash-to-Debt

For the Steel subindustry, Seah Steel'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.

Seah Steel's Cash-to-Debt Distribution in the Steel Industry

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

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

Seah Steel 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.

Seah Steel'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)
	=	231857.086	/	(155093.221	+	81762.277)
	=	0.98

Seah Steel's Cash to Debt Ratio for the quarter 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)
	=	231857.086	/	(155093.221	+	81762.277)
	=	0.98

Seah Steel (XKRX:306200) 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.

Seah Steel Cash-to-Debt Related Terms

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

Seah Steel (XKRX:306200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Seah Steel Corp (XKRX:306200) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

45, Yanghwa-ro, Mapo-gu, Seah Tower, 25/26/27th Floor, Seoul, KOR, 04036

Website

http://www.seahsteel.co.kr

Seah Steel Corp is a Korean based company operates in the steel sector. The business activity of the group includes manufacturing of steel products such as carbon steel pipe, stainless steel pipe, titanium tube, galvanized color steel sheet and others. These products are used in wide range of areas such as oil refining, nuclear power plants, LNG vessels, marine plants and others. Geographically, the activities are carried out through the region of Korea and it derives revenue through the sale of products.

Seah Steel (XKRX:306200) Headlines

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