T-Conn Precision (ROCO:6833) Cash-to-Debt : 1.32 (As of Dec. 2023)

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What is T-Conn Precision 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. T-Conn Precision's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.32.

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, T-Conn Precision 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 T-Conn Precision's Cash-to-Debt or its related term are showing as below:

ROCO:6833' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.32 Med: 2.65 Max: 10.28
Current: 1.32

During the past 6 years, T-Conn Precision's highest Cash to Debt Ratio was 10.28. The lowest was 1.32. And the median was 2.65.

ROCO:6833's Cash-to-Debt is ranked better than
51.51% of 2976 companies
in the Industrial Products industry
Industry Median: 1.23 vs ROCO:6833: 1.32

T-Conn Precision Cash-to-Debt Historical Data

The historical data trend for T-Conn Precision'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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T-Conn Precision Cash-to-Debt Chart

T-Conn Precision Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.22

3.94

10.28

2.65

1.32

T-Conn Precision Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				10.28	6.75	2.65	0.54	1.32

Competitive Comparison of T-Conn Precision's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, T-Conn Precision'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.

T-Conn Precision's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, T-Conn Precision's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where T-Conn Precision's Cash-to-Debt falls into.

T-Conn Precision 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.

T-Conn Precision'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)
	=	494.166	/	(362.357	+	11.061)
	=	1.32

T-Conn Precision'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)
	=	494.166	/	(362.357	+	11.061)
	=	1.32

T-Conn Precision (ROCO:6833) 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.

T-Conn Precision Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of T-Conn Precision's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

T-Conn Precision (ROCO:6833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » T-Conn Precision Corp (ROCO:6833) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintai 5th Road, 4th Floor-3, No. 79, Section 1, New Taipei City, TWN, 221

Website

https://www.t-conn.com

T-Conn Precision Corp is a professional connector manufacturer of power connectors for industrial automation, data center, and server and consumer solution. Its general products include Circular Connector, Terminal Block, High Power, Power Connector, DDR, USB, HDMI, Display Port, and RJ Connector.

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