Thai Cane Paper Public Company Limited (BKK:TCP) Cash-to-Debt : 3.04 (As of Sep. 2013)

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What is Thai Cane Paper Public Company Limited 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. Thai Cane Paper Public Company Limited's cash to debt ratio for the quarter that ended in Sep. 2013 was 3.04.

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, Thai Cane Paper Public Company Limited could pay off its debt using the cash in hand for the quarter that ended in Sep. 2013.

The historical rank and industry rank for Thai Cane Paper Public Company Limited's Cash-to-Debt or its related term are showing as below:

BKK:TCP's Cash-to-Debt is not ranked ^*
in the Forest Products industry.
Industry Median: 0.32
* Ranked among companies with meaningful Cash-to-Debt only.

Thai Cane Paper Public Company Limited Cash-to-Debt Historical Data

The historical data trend for Thai Cane Paper Public Company Limited'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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Thai Cane Paper Public Company Limited Cash-to-Debt Chart

Thai Cane Paper Public Company Limited Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Cash-to-Debt

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0.04

0.14

0.17

0.60

1.51

Thai Cane Paper Public Company Limited Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	1.51	2.05	1.84	3.04

Competitive Comparison of Thai Cane Paper Public Company Limited's Cash-to-Debt

For the Paper & Paper Products subindustry, Thai Cane Paper Public Company Limited'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.

Thai Cane Paper Public Company Limited's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Thai Cane Paper Public Company Limited's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thai Cane Paper Public Company Limited's Cash-to-Debt falls into.

Thai Cane Paper Public Company Limited 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.

Thai Cane Paper Public Company Limited's Cash to Debt Ratio for the fiscal year that ended in Dec. 2012 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)
	=	558.972	/	(208.557	+	161.72)
	=	1.51

Thai Cane Paper Public Company Limited's Cash to Debt Ratio for the quarter that ended in Sep. 2013 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)
	=	652.85	/	(214.61	+	0)
	=	3.04

Thai Cane Paper Public Company Limited (BKK:TCP) 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.

Thai Cane Paper Public Company Limited Cash-to-Debt Related Terms

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Thai Cane Paper Public Company Limited (BKK:TCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Thai Cane Paper Public Company Limited (BKK:TCP) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.thaicane.com

Thai Cane Paper Public Company Limited manufactures and sells kraft paper used in the manufacture of packaging, such as corrugated box, paper cement bags, envelopes and core paper in Thailand. The Company's products are categorized into two groups i.e. kraft liner board which is used in making packaging surfaces and kraft paper which is used for making corrugated medium. The Company offers numerous grade of products to meet the diverse market demand.