Pine Technology Holdings (FRA:PNY) Cash-to-Debt : 57.91 (As of Dec. 2023)

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What is Pine Technology Holdings 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. Pine Technology Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 57.91.

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, Pine Technology Holdings 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 Pine Technology Holdings's Cash-to-Debt or its related term are showing as below:

FRA:PNY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.59 Max: 57.91
Current: 57.91

During the past 13 years, Pine Technology Holdings's highest Cash to Debt Ratio was 57.91. The lowest was 0.14. And the median was 0.59.

FRA:PNY's Cash-to-Debt is ranked better than
89.52% of 2472 companies
in the Hardware industry
Industry Median: 1.36 vs FRA:PNY: 57.91

Pine Technology Holdings Cash-to-Debt Historical Data

The historical data trend for Pine Technology Holdings'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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Pine Technology Holdings Cash-to-Debt Chart

Pine Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.75

2.97

2.68

13.47

31.08

Pine Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															4.29	13.47	21.99	31.08	57.91

Competitive Comparison of Pine Technology Holdings's Cash-to-Debt

For the Computer Hardware subindustry, Pine Technology Holdings'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.

Pine Technology Holdings's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pine Technology Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Pine Technology Holdings's Cash-to-Debt falls into.

Pine Technology Holdings 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.

Pine Technology Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	11.561	/	(0.216	+	0.156)
	=	31.08

Pine Technology Holdings'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)
	=	10.771	/	(0.186	+	0)
	=	57.91

Pine Technology Holdings (FRA:PNY) 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.

Pine Technology Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Pine Technology Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Pine Technology Holdings (FRA:PNY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pine Technology Holdings Ltd (FRA:PNY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

01079:Hong Kong PNY:Germany

Address

88–98 Des Voeux Road Central, Unit B, 12th Floor, Central 88, Central, Hong Kong, HKG

Website

http://www.pinegroup.com

Pine Technology Holdings Ltd is engaged in the design, manufacturing, and distribution of personal computer (PC) based products. The company operates its business in various segments that include Group's Brand Product; Other brand products; Money lending service; Trading business; and Computer software and hardware and system development. The Company generates majority of its revenue from Sales of plastic products through trading business. It exports its product to Canada, the United States of America, Asia, and other regions.