Arctech Solar Holding Co (SHSE:688408) Cash-to-Debt : 1.94 (As of Mar. 2024)

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What is Arctech Solar Holding Co 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. Arctech Solar Holding Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.94.

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, Arctech Solar Holding Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Arctech Solar Holding Co's Cash-to-Debt or its related term are showing as below:

SHSE:688408' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 6.33 Max: 37.65
Current: 1.94

During the past 8 years, Arctech Solar Holding Co's highest Cash to Debt Ratio was 37.65. The lowest was 0.94. And the median was 6.33.

SHSE:688408's Cash-to-Debt is ranked better than
51.41% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs SHSE:688408: 1.94

Arctech Solar Holding Co Cash-to-Debt Historical Data

The historical data trend for Arctech Solar Holding Co'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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Arctech Solar Holding Co Cash-to-Debt Chart

Arctech Solar Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.61

37.65

10.29

3.95

3.27

Arctech Solar Holding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.59	3.38	3.53	3.27	1.94

Competitive Comparison of Arctech Solar Holding Co's Cash-to-Debt

For the Solar subindustry, Arctech Solar Holding Co'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.

Arctech Solar Holding Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Arctech Solar Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Arctech Solar Holding Co's Cash-to-Debt falls into.

Arctech Solar Holding Co 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.

Arctech Solar Holding Co'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)
	=	2473.605	/	(608.233	+	147.329)
	=	3.27

Arctech Solar Holding Co'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)
	=	1857.108	/	(791.39	+	165.117)
	=	1.94

Arctech Solar Holding Co (SHSE:688408) 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.

Arctech Solar Holding Co Cash-to-Debt Related Terms

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Arctech Solar Holding Co (SHSE:688408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Arctech Solar Holding Co Ltd (SHSE:688408) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331

Website

http://www.arctechsolar.in

Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.

Arctech Solar Holding Co (SHSE:688408) Headlines

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