Kuei Tien Cultural & Creative Entertainment (ROCO:4806) Cash-to-Debt : 4.87 (As of Mar. 2024)

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What is Kuei Tien Cultural & Creative Entertainment 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. Kuei Tien Cultural & Creative Entertainment's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.87.

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, Kuei Tien Cultural & Creative Entertainment 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 Kuei Tien Cultural & Creative Entertainment's Cash-to-Debt or its related term are showing as below:

ROCO:4806' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 4.89
Current: 4.87

During the past 12 years, Kuei Tien Cultural & Creative Entertainment's highest Cash to Debt Ratio was 4.89. The lowest was 0.00. And the median was 0.09.

ROCO:4806's Cash-to-Debt is ranked better than
68.46% of 1040 companies
in the Media - Diversified industry
Industry Median: 1.28 vs ROCO:4806: 4.87

Kuei Tien Cultural & Creative Entertainment Cash-to-Debt Historical Data

The historical data trend for Kuei Tien Cultural & Creative Entertainment'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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Kuei Tien Cultural & Creative Entertainment Cash-to-Debt Chart

Kuei Tien Cultural & Creative Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.11

0.07

0.03

4.89

Kuei Tien Cultural & Creative Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.08	0.70	4.89	4.87

Competitive Comparison of Kuei Tien Cultural & Creative Entertainment's Cash-to-Debt

For the Entertainment subindustry, Kuei Tien Cultural & Creative Entertainment'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.

Kuei Tien Cultural & Creative Entertainment's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kuei Tien Cultural & Creative Entertainment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kuei Tien Cultural & Creative Entertainment's Cash-to-Debt falls into.

Kuei Tien Cultural & Creative Entertainment 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.

Kuei Tien Cultural & Creative Entertainment'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)
	=	663.631	/	(18.941	+	116.894)
	=	4.89

Kuei Tien Cultural & Creative Entertainment'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)
	=	624.347	/	(12.546	+	115.545)
	=	4.87

Kuei Tien Cultural & Creative Entertainment (ROCO:4806) 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.

Kuei Tien Cultural & Creative Entertainment Cash-to-Debt Related Terms

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Kuei Tien Cultural & Creative Entertainment (ROCO:4806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kuei Tien Cultural & Creative Entertainment (ROCO:4806) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 176, Sing'ai Road, 4th Floor, Neihu District, Taipei, TWN

Website

http://www.shec.com.tw

Shenghua Entertainment Communication Co Ltd is a media and entertainment company. The Company is engaged in the production and marketing of TV drama, development of the TV market, and improvement of program production. Its main business projects include television program production and scriptwriting, film production, distribution and investment, and performing arts activity brokerage.

Kuei Tien Cultural & Creative Entertainment (ROCO:4806) Headlines

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