Sino Logistics PCL (BKK:SINO) Cash-to-Debt : 2.45 (As of Mar. 2024)

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What is Sino Logistics PCL 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. Sino Logistics PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.45.

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, Sino Logistics PCL 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 Sino Logistics PCL's Cash-to-Debt or its related term are showing as below:

BKK:SINO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.62 Med: 2.63 Max: 6.27
Current: 2.45

During the past 3 years, Sino Logistics PCL's highest Cash to Debt Ratio was 6.27. The lowest was 1.62. And the median was 2.63.

BKK:SINO's Cash-to-Debt is ranked better than
79.75% of 953 companies
in the Transportation industry
Industry Median: 0.49 vs BKK:SINO: 2.45

Sino Logistics PCL Cash-to-Debt Historical Data

The historical data trend for Sino Logistics PCL'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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Sino Logistics PCL Cash-to-Debt Chart

Sino Logistics PCL Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.74

6.27

3.04

Sino Logistics PCL Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				N/A	1.62	2.81	3.04	2.45

Competitive Comparison of Sino Logistics PCL's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Sino Logistics PCL'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.

Sino Logistics PCL's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sino Logistics PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sino Logistics PCL's Cash-to-Debt falls into.

Sino Logistics PCL 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.

Sino Logistics PCL'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)
	=	682.896	/	(84.562	+	140.072)
	=	3.04

Sino Logistics PCL'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)
	=	527.612	/	(84.922	+	130.465)
	=	2.45

Sino Logistics PCL (BKK:SINO) 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.

Sino Logistics PCL Cash-to-Debt Related Terms

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Sino Logistics PCL (BKK:SINO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sino Logistics Corp PCL (BKK:SINO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.sinologistics.co.th

Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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