Chien Shing Harbour Service Co (TPE:8367) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is Chien Shing Harbour Service 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. Chien Shing Harbour Service Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

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, Chien Shing Harbour Service 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 Chien Shing Harbour Service Co's Cash-to-Debt or its related term are showing as below:

TPE:8367' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.13 Max: 0.28
Current: 0.1

During the past 11 years, Chien Shing Harbour Service Co's highest Cash to Debt Ratio was 0.28. The lowest was 0.09. And the median was 0.13.

TPE:8367's Cash-to-Debt is ranked worse than
82.88% of 958 companies
in the Transportation industry
Industry Median: 0.48 vs TPE:8367: 0.10

Chien Shing Harbour Service Co Cash-to-Debt Historical Data

The historical data trend for Chien Shing Harbour Service 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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Chien Shing Harbour Service Co Cash-to-Debt Chart

Chien Shing Harbour Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.15

0.26

0.19

0.10

Chien Shing Harbour Service 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															N/A	0.18	0.13	0.10	0.10

Competitive Comparison of Chien Shing Harbour Service Co's Cash-to-Debt

For the Marine Shipping subindustry, Chien Shing Harbour Service 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.

Chien Shing Harbour Service Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chien Shing Harbour Service Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chien Shing Harbour Service Co's Cash-to-Debt falls into.

Chien Shing Harbour Service 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.

Chien Shing Harbour Service 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)
	=	982.748	/	(844.776	+	9534.667)
	=	0.09

Chien Shing Harbour Service 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)
	=	1062.6	/	(1744.75	+	9456.72)
	=	0.09

Chien Shing Harbour Service Co (TPE:8367) 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.

Chien Shing Harbour Service Co Cash-to-Debt Related Terms

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Chien Shing Harbour Service Co (TPE:8367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chien Shing Harbour Service Co Ltd (TPE:8367) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435

Website

https://www.chienshing.com.tw

Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

Chien Shing Harbour Service Co (TPE:8367) Headlines

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