Trans Global Group (Trans Global Group) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Trans Global Group 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. Trans Global Group's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Trans Global Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

TGGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: No Debt
Current: 0.23

During the past 8 years, Trans Global Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.13.

TGGI's Cash-to-Debt is ranked worse than
67.36% of 481 companies
in the Diversified Financial Services industry
Industry Median: 2.56 vs TGGI: 0.23

Trans Global Group Cash-to-Debt Historical Data

The historical data trend for Trans Global Group'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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Trans Global Group Cash-to-Debt Chart

Trans Global Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec21

Dec22

Cash-to-Debt

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N/A

0.13

Trans Global Group Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.13	0.09	0.23	No Debt

Competitive Comparison of Trans Global Group's Cash-to-Debt

For the Shell Companies subindustry, Trans Global Group'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.

Trans Global Group's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Trans Global Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Trans Global Group's Cash-to-Debt falls into.

Trans Global Group 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.

Trans Global Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.007	/	(0.056	+	0)
	=	0.13

Trans Global Group's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Trans Global Group had no debt ⁽¹⁾.

Trans Global Group (OTCPK:TGGI) 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.

Trans Global Group Cash-to-Debt Related Terms

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