Dongkuk Steel Mill Co spin off (XKRX:460860) Cash-to-Debt : 0.30 (As of Mar. 2024)

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What is Dongkuk Steel Mill Co spin off 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. Dongkuk Steel Mill Co spin off's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.30.

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, Dongkuk Steel Mill Co spin off 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 Dongkuk Steel Mill Co spin off's Cash-to-Debt or its related term are showing as below:

XKRX:460860' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.29 Max: 0.4
Current: 0.3

During the past 1 years, Dongkuk Steel Mill Co spin off's highest Cash to Debt Ratio was 0.40. The lowest was 0.22. And the median was 0.29.

XKRX:460860's Cash-to-Debt is ranked worse than
57.19% of 577 companies
in the Steel industry
Industry Median: 0.44 vs XKRX:460860: 0.30

Dongkuk Steel Mill Co spin off Cash-to-Debt Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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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Dongkuk Steel Mill Co spin off Cash-to-Debt Chart

Dongkuk Steel Mill Co spin off Annual Data

Trend

Dec23

Cash-to-Debt

0.40

Dongkuk Steel Mill Co spin off Quarterly Data
	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	0.22	0.28	0.40	0.30

Competitive Comparison of Dongkuk Steel Mill Co spin off's Cash-to-Debt

For the Steel subindustry, Dongkuk Steel Mill Co spin off'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.

Dongkuk Steel Mill Co spin off's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Dongkuk Steel Mill Co spin off's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dongkuk Steel Mill Co spin off's Cash-to-Debt falls into.

Dongkuk Steel Mill Co spin off 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.

Dongkuk Steel Mill Co spin off'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)
	=	434773.398	/	(983830.8	+	104118.604)
	=	0.40

Dongkuk Steel Mill Co spin off'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)
	=	307159.367	/	(921373.107	+	97004.23)
	=	0.30

Dongkuk Steel Mill Co spin off (XKRX:460860) 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.

Dongkuk Steel Mill Co spin off Cash-to-Debt Related Terms

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Dongkuk Steel Mill Co spin off (XKRX:460860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dongkuk Steel Mill Co Ltd spin off (XKRX:460860) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR

Website

https://www.dongkuk.com

Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

Dongkuk Steel Mill Co spin off (XKRX:460860) Headlines

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