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TRSG (Tungray Technologies) Cash-to-Debt : 4.14 (As of Dec. 2023)


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What is Tungray Technologies 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. Tungray Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.14.

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, Tungray Technologies 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 Tungray Technologies's Cash-to-Debt or its related term are showing as below:

TRSG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.31   Med: 2.86   Max: 4.14
Current: 4.14

During the past 4 years, Tungray Technologies's highest Cash to Debt Ratio was 4.14. The lowest was 1.31. And the median was 2.86.

TRSG's Cash-to-Debt is ranked better than
69.53% of 2987 companies
in the Industrial Products industry
Industry Median: 1.21 vs TRSG: 4.14

Tungray Technologies Cash-to-Debt Historical Data

The historical data trend for Tungray Technologies'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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Tungray Technologies Cash-to-Debt Chart

Tungray Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
1.31 2.23 3.48 4.14

Tungray Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial 2.23 2.52 3.48 3.77 4.14

Competitive Comparison of Tungray Technologies's Cash-to-Debt

For the Metal Fabrication subindustry, Tungray Technologies'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.

Tungray Technologies's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's Cash-to-Debt distribution charts can be found below:

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


Tungray Technologies 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.

Tungray Technologies'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)
=10.802 / (0.309 + 2.301)
=4.14

Tungray Technologies'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)
=10.802 / (0.309 + 2.301)
=4.14

* 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.

Tungray Technologies  (NAS:TRSG) 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.

Tungray Technologies Cash-to-Debt Related Terms

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Tungray Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933
Website
https://www.tungray.tech
Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. It predominantly generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment. Geographically, the company generates a majority of its revenue from Singapore and the rest from China.