Niche-Tech Semiconductor Materials (HKSE:08490) Cash-to-Debt : 0.25 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Niche-Tech Semiconductor Materials 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. Niche-Tech Semiconductor Materials's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Niche-Tech Semiconductor Materials couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Niche-Tech Semiconductor Materials's Cash-to-Debt or its related term are showing as below:

HKSE:08490' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.63 Max: 1.24
Current: 0.25

During the past 9 years, Niche-Tech Semiconductor Materials's highest Cash to Debt Ratio was 1.24. The lowest was 0.05. And the median was 0.63.

HKSE:08490's Cash-to-Debt is ranked worse than
87.31% of 993 companies
in the Semiconductors industry
Industry Median: 1.79 vs HKSE:08490: 0.25

Niche-Tech Semiconductor Materials Cash-to-Debt Historical Data

The historical data trend for Niche-Tech Semiconductor Materials'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.

* Premium members only.

Niche-Tech Semiconductor Materials Cash-to-Debt Chart

Niche-Tech Semiconductor Materials Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.79

1.24

0.63

0.87

0.25

Niche-Tech Semiconductor Materials Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.87	N/A	0.44	N/A	0.25

Competitive Comparison of Niche-Tech Semiconductor Materials's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Niche-Tech Semiconductor Materials'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.

Niche-Tech Semiconductor Materials's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Niche-Tech Semiconductor Materials's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Niche-Tech Semiconductor Materials's Cash-to-Debt falls into.

Niche-Tech Semiconductor Materials 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.

Niche-Tech Semiconductor Materials'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)
	=	26.968	/	(87.385	+	22.626)
	=	0.25

Niche-Tech Semiconductor Materials'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)
	=	26.968	/	(87.385	+	22.626)
	=	0.25

Niche-Tech Semiconductor Materials (HKSE:08490) 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.

Niche-Tech Semiconductor Materials Cash-to-Debt Related Terms

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

Niche-Tech Semiconductor Materials (HKSE:08490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niche-Tech Semiconductor Materials Ltd (HKSE:08490) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 208, 2nd Floor, Lakeside 1, Phase Two, Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong, HKG

Website

https://www.nichetech.com.hk

Niche-Tech Semiconductor Materials Ltd is a semiconductor packaging materials manufacturer. Its products are divided into Bonding Wires, Encapsulants, and Others. Bonding wires include developing, manufacturing, and supply of fine and ultra-fine Bonding Wires such as gold, gold alloy, silver alloy, aluminum, silicone aluminum, copper, copper alloy, and palladium-coated copper. Other products mainly include solder wire, solder bar, solder paste, and bonding tools for PCB application, and Encapsulant includes high-purity liquid glob-top epoxy for COB applications and others. The company generates a majority of its revenue from Bonding wires, and geographically from the People's Republic of China.

Niche-Tech Semiconductor Materials (HKSE:08490) Headlines

No Headlines