Wiselink Co (ROCO:8932) Cash-to-Debt : 0.86 (As of Mar. 2024)

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What is Wiselink 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. Wiselink Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.86.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Wiselink Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

ROCO:8932' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.5 Max: 0.91
Current: 0.86

During the past 13 years, Wiselink Co's highest Cash to Debt Ratio was 0.91. The lowest was 0.33. And the median was 0.50.

ROCO:8932's Cash-to-Debt is ranked better than
61.54% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs ROCO:8932: 0.86

Wiselink Co Cash-to-Debt Historical Data

The historical data trend for Wiselink 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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Wiselink Co Cash-to-Debt Chart

Wiselink Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.54

0.48

0.50

0.67

0.63

Wiselink Co 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															0.65	0.64	0.56	0.63	0.86

Competitive Comparison of Wiselink Co's Cash-to-Debt

For the Apparel Manufacturing subindustry, Wiselink 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.

Wiselink Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wiselink Co's Cash-to-Debt distribution charts can be found below:

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

Wiselink 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.

Wiselink 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)
	=	345.764	/	(391.132	+	155.225)
	=	0.63

Wiselink Co'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)
	=	406.669	/	(283.593	+	192.276)
	=	0.85

Wiselink Co (ROCO:8932) 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.

Wiselink Co Cash-to-Debt Related Terms

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Wiselink Co (ROCO:8932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wiselink Co Ltd (ROCO:8932) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7F, No. 196, Joutz Street, Neihu District, Taipei, TWN, 11493

Website

https://www.maxzip.com.tw

Wiselink Co Ltd, formerly Max Zipper Co Ltd is engaged in the production and sales of zippers in Taiwan. It offers a variety of zippers including nylon zippers, Delrin zippers, invisible zippers, metal zippers, zipper accessories, sliders, and other specialized zippers. The reportable segment of the company includes Taiwan and Mainland. The Taiwan segment and the Mainland segment were mainly engaged in the manufacturing, processing, and trading of pulling products and parts, while the other segments were mainly engaged in professional investment. The majority of revenue is derived from the Taiwan segment.

Wiselink Co (ROCO:8932) Headlines

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