SIM Technology Group (HKSE:02000) Cash-to-Debt : 20.38 (As of Dec. 2023)

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What is SIM Technology Group 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. SIM Technology Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 20.38.

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

HKSE:02000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.83 Med: 6.45 Max: 20.38
Current: 20.38

During the past 13 years, SIM Technology Group's highest Cash to Debt Ratio was 20.38. The lowest was 0.83. And the median was 6.45.

HKSE:02000's Cash-to-Debt is ranked better than
83.83% of 2474 companies
in the Hardware industry
Industry Median: 1.34 vs HKSE:02000: 20.38

SIM Technology Group Cash-to-Debt Historical Data

The historical data trend for SIM Technology Group'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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SIM Technology Group Cash-to-Debt Chart

SIM Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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10.68

13.79

12.05

1.43

20.38

SIM Technology Group 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															12.05	3.39	1.43	1.84	20.38

Competitive Comparison of SIM Technology Group's Cash-to-Debt

For the Communication Equipment subindustry, SIM Technology Group'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.

SIM Technology Group's Cash-to-Debt Distribution in the Hardware Industry

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

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

SIM Technology Group 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.

SIM Technology Group'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)
	=	768.366	/	(35.509	+	2.194)
	=	20.38

SIM Technology Group'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)
	=	768.366	/	(35.509	+	2.194)
	=	20.38

SIM Technology Group (HKSE:02000) 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.

SIM Technology Group Cash-to-Debt Related Terms

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SIM Technology Group (HKSE:02000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SIM Technology Group Ltd (HKSE:02000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SIMTF:USA 912000:Taiwan

Address

No. 633 Jinzhong Road, Building A, SIM Technology Building, Changning District, Shanghai, CHN, 200335

Website

http://www.sim.com

SIM Technology Group Ltd is a mobile communication and Internet of Things developer. It operates its business through segments that are Handsets and Internet of things terminals business (Handsets and IOT terminals business), Electronic manufacturing services business, Internet of things system and O2O business, and Property management. Handsets and the internet of Things terminals business segment generate the revenue. The group derives revenue from the PRC, Europe, the U.S, Hong Kong, and other Asian countries.

Executives

Wong Cho Tung	2101 Beneficial owner
Yeung Man Ying	2101 Beneficial owner
Info Dynasty Group Limited	2101 Beneficial owner
Intellipower Investments Limited	2101 Beneficial owner

SIM Technology Group (HKSE:02000) Headlines

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