Hold-Key Electric Wire & Cable Co (TPE:1618) Cash-to-Debt : 1.27 (As of Mar. 2024)

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What is Hold-Key Electric Wire & Cable 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. Hold-Key Electric Wire & Cable Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.27.

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, Hold-Key Electric Wire & Cable Co 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 Hold-Key Electric Wire & Cable Co's Cash-to-Debt or its related term are showing as below:

TPE:1618' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 50.77 Max: 39574.89
Current: 1.27

During the past 13 years, Hold-Key Electric Wire & Cable Co's highest Cash to Debt Ratio was 39574.89. The lowest was 0.72. And the median was 50.77.

TPE:1618's Cash-to-Debt is ranked worse than
51.15% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs TPE:1618: 1.27

Hold-Key Electric Wire & Cable Co Cash-to-Debt Historical Data

The historical data trend for Hold-Key Electric Wire & Cable 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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Hold-Key Electric Wire & Cable Co Cash-to-Debt Chart

Hold-Key Electric Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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36.00

104.71

35.59

2.79

0.72

Hold-Key Electric Wire & Cable 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															1.93	1.67	1.78	0.72	1.27

Competitive Comparison of Hold-Key Electric Wire & Cable Co's Cash-to-Debt

For the Electronics & Computer Distribution subindustry, Hold-Key Electric Wire & Cable 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.

Hold-Key Electric Wire & Cable Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hold-Key Electric Wire & Cable Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hold-Key Electric Wire & Cable Co's Cash-to-Debt falls into.

Hold-Key Electric Wire & Cable 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.

Hold-Key Electric Wire & Cable 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)
	=	399.684	/	(550.792	+	3.656)
	=	0.72

Hold-Key Electric Wire & Cable 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)
	=	547.96	/	(429.938	+	2.807)
	=	1.27

Hold-Key Electric Wire & Cable Co (TPE:1618) 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.

Hold-Key Electric Wire & Cable Co Cash-to-Debt Related Terms

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Hold-Key Electric Wire & Cable Co (TPE:1618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hold-Key Electric Wire & Cable Co Ltd (TPE:1618) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing South Road, 3rd Floor, No. 36-9, Section 1, Zhongshan District, Taipei City, TWN, 104

Website

https://www.hold-key.com.tw

Hold-Key Electric Wire & Cable Co Ltd is engaged in the manufacture and sells XLPE power cables, electric cables, aluminum cables, rubber cables, communication cables, fiber optic cables, LAN cables, cable accessories, etc., and is also engaged in the import and export of the aforementioned products and lease of properties. The company has two operating segments; the Wires and Cables Segment, and the Others Segment. The Group mainly operates in Taiwan, Europe, USA, and Asia. it derives a majority of its revenue from Taiwan.

Hold-Key Electric Wire & Cable Co (TPE:1618) Headlines

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