Golden Insurance Brokers Co (ROCO:6028) Cash-to-Debt : 3.09 (As of Dec. 2023)

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What is Golden Insurance Brokers 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. Golden Insurance Brokers Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.09.

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, Golden Insurance Brokers Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Golden Insurance Brokers Co's Cash-to-Debt or its related term are showing as below:

ROCO:6028' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 2.08 Max: 4.64
Current: 3.09

During the past 10 years, Golden Insurance Brokers Co's highest Cash to Debt Ratio was 4.64. The lowest was 0.86. And the median was 2.08.

ROCO:6028's Cash-to-Debt is ranked better than
57.2% of 479 companies
in the Insurance industry
Industry Median: 1.86 vs ROCO:6028: 3.09

Golden Insurance Brokers Co Cash-to-Debt Historical Data

The historical data trend for Golden Insurance Brokers 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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Golden Insurance Brokers Co Cash-to-Debt Chart

Golden Insurance Brokers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.84

1.50

1.73

2.23

3.09

Golden Insurance Brokers Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											1.73	2.43	2.23	2.39	3.09

Competitive Comparison of Golden Insurance Brokers Co's Cash-to-Debt

For the Insurance Brokers subindustry, Golden Insurance Brokers 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.

Golden Insurance Brokers Co's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Golden Insurance Brokers Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Golden Insurance Brokers Co's Cash-to-Debt falls into.

Golden Insurance Brokers 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.

Golden Insurance Brokers 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)
	=	331.54	/	(50.629	+	56.576)
	=	3.09

Golden Insurance Brokers Co's Cash to Debt Ratio for the quarter 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)
	=	331.54	/	(50.629	+	56.576)
	=	3.09

Golden Insurance Brokers Co (ROCO:6028) 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.

Golden Insurance Brokers Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Golden Insurance Brokers Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Insurance Brokers Co (ROCO:6028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Golden Insurance Brokers Co Ltd (ROCO:6028) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813

Website

http://www.goldennet.com.tw

Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.

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