Daishin Balance No.16 Special Purpose Acquisition Co (XKRX:457630) Cash-to-Debt : 1.90 (As of Mar. 2024)

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What is Daishin Balance No.16 Special Purpose Acquisition Co 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. Daishin Balance No.16 Special Purpose Acquisition Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.90.

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, Daishin Balance No.16 Special Purpose Acquisition Co 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 Daishin Balance No.16 Special Purpose Acquisition Co's Cash-to-Debt or its related term are showing as below:

XKRX:457630' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.9 Med: 2.02 Max: 2.3
Current: 1.9

During the past 1 years, Daishin Balance No.16 Special Purpose Acquisition Co's highest Cash to Debt Ratio was 2.30. The lowest was 1.90. And the median was 2.02.

XKRX:457630's Cash-to-Debt is ranked worse than
54.49% of 523 companies
in the Diversified Financial Services industry
Industry Median: 5.45 vs XKRX:457630: 1.90

Daishin Balance No.16 Special Purpose Acquisition Co Cash-to-Debt Historical Data

The historical data trend for Daishin Balance No.16 Special Purpose Acquisition Co'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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Daishin Balance No.16 Special Purpose Acquisition Co Cash-to-Debt Chart

Daishin Balance No.16 Special Purpose Acquisition Co Annual Data

Trend

Dec23

Cash-to-Debt

1.98

Daishin Balance No.16 Special Purpose Acquisition Co Quarterly Data
	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	2.30	2.07	1.98	1.90

Competitive Comparison of Daishin Balance No.16 Special Purpose Acquisition Co's Cash-to-Debt

For the Shell Companies subindustry, Daishin Balance No.16 Special Purpose Acquisition Co'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.

Daishin Balance No.16 Special Purpose Acquisition Co's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Daishin Balance No.16 Special Purpose Acquisition Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Daishin Balance No.16 Special Purpose Acquisition Co's Cash-to-Debt falls into.

Daishin Balance No.16 Special Purpose Acquisition Co 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.

Daishin Balance No.16 Special Purpose Acquisition Co'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)
	=	1949.006	/	(0	+	985.848)
	=	1.98

Daishin Balance No.16 Special Purpose Acquisition Co'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)
	=	1911.903	/	(0	+	1005.209)
	=	1.90

Daishin Balance No.16 Special Purpose Acquisition Co (XKRX:457630) 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.

Daishin Balance No.16 Special Purpose Acquisition Co Cash-to-Debt Related Terms

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Daishin Balance No.16 Special Purpose Acquisition Co (XKRX:457630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Daishin Balance No.16 Special Purpose Acquisition Co Ltd (XKRX:457630) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

343 Samil-daero, Daishin Finance Center, Jung-gu, Seoul, KOR

Website

Daishin Balance No.16 Special Purpose Acquisition Co Ltd is a special purpose acquisition company.

Daishin Balance No.16 Special Purpose Acquisition Co (XKRX:457630) Headlines

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