Chosun Refractories Co spin off (XKRX:462520) Cash-to-Debt : 0.24 (As of Sep. 2023)

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What is Chosun Refractories Co spin off 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. Chosun Refractories Co spin off's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.24.

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, Chosun Refractories Co spin off couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Chosun Refractories Co spin off's Cash-to-Debt or its related term are showing as below:

XKRX:462520's Cash-to-Debt is not ranked ^*
in the Building Materials industry.
Industry Median: 0.47
* Ranked among companies with meaningful Cash-to-Debt only.

Chosun Refractories Co spin off Cash-to-Debt Historical Data

The historical data trend for Chosun Refractories Co spin off'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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Chosun Refractories Co spin off Cash-to-Debt Chart

Chosun Refractories Co spin off Annual Data

Trend

Dec23

Cash-to-Debt

0.12

Chosun Refractories Co spin off Semi-Annual Data
	Sep23
Cash-to-Debt	0.24

Competitive Comparison of Chosun Refractories Co spin off's Cash-to-Debt

For the Building Materials subindustry, Chosun Refractories Co spin off'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.

Chosun Refractories Co spin off's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chosun Refractories Co spin off's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chosun Refractories Co spin off's Cash-to-Debt falls into.

Chosun Refractories Co spin off 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.

Chosun Refractories Co spin off'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)
	=	16430.463	/	(141277.24	+	790.793)
	=	0.12

Chosun Refractories Co spin off's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	16019.7	/	(66269.771	+	580.224)
	=	0.24

Chosun Refractories Co spin off (XKRX:462520) 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.

Chosun Refractories Co spin off Cash-to-Debt Related Terms

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Chosun Refractories Co spin off (XKRX:462520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chosun Refractories Co Ltd spin off (XKRX:462520) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

55 Saneop-ro, Jeollanam-do, Taein-dong, Gwangyang-si, KOR

Website

http://www.chosunref.co.kr

Chosun Refractories Co Ltd spin off manufactures general-purpose products and high-functionality products (refractories for continuous casting, special refractories) based on domestic production facilities. Its product offerings comprise Shaped and unshaped refractories, Special alumina bricks, high alumina bricks, casting blocks, castable refractories, metal plating/ shaft alleys for the mortar production refractories industry, technical service for the refractories industry, and manufacturing of industrial furnaces.

Chosun Refractories Co spin off (XKRX:462520) Headlines

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