Delton Technology (Guangzhou) (SZSE:001389) Cash-to-Debt : 3.03 (As of Mar. 2024)

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What is Delton Technology (Guangzhou) 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. Delton Technology (Guangzhou)'s cash to debt ratio for the quarter that ended in Mar. 2024 was 3.03.

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, Delton Technology (Guangzhou) 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 Delton Technology (Guangzhou)'s Cash-to-Debt or its related term are showing as below:

SZSE:001389' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 1.2 Max: 3.03
Current: 3.03

During the past 7 years, Delton Technology (Guangzhou)'s highest Cash to Debt Ratio was 3.03. The lowest was 0.68. And the median was 1.20.

SZSE:001389's Cash-to-Debt is ranked better than
64.77% of 2472 companies
in the Hardware industry
Industry Median: 1.365 vs SZSE:001389: 3.03

Delton Technology (Guangzhou) Cash-to-Debt Historical Data

The historical data trend for Delton Technology (Guangzhou)'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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Delton Technology (Guangzhou) Cash-to-Debt Chart

Delton Technology (Guangzhou) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.73

1.85

0.71

0.93

1.12

Delton Technology (Guangzhou) Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										N/A	0.68	N/A	1.12	3.03

Competitive Comparison of Delton Technology (Guangzhou)'s Cash-to-Debt

For the Electronic Components subindustry, Delton Technology (Guangzhou)'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.

Delton Technology (Guangzhou)'s Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Delton Technology (Guangzhou)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Delton Technology (Guangzhou)'s Cash-to-Debt falls into.

Delton Technology (Guangzhou) 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.

Delton Technology (Guangzhou)'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)
	=	431.268	/	(162.227	+	222.478)
	=	1.12

Delton Technology (Guangzhou)'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)
	=	1215.023	/	(115.948	+	285.325)
	=	3.03

Delton Technology (Guangzhou) (SZSE:001389) 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.

Delton Technology (Guangzhou) Cash-to-Debt Related Terms

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Delton Technology (Guangzhou) (SZSE:001389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Delton Technology (Guangzhou) Inc (SZSE:001389) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Baoying South Road, Guangzhou Free Trade Zone, Guangdong Province, Guangzhou, CHN, 510730

Website

http://www.delton.com.cn

Delton Technology (Guangzhou) Inc is engaged in research & development, production and sales of printed circuit boards. Its products are mainly used in data center, cloud computing, industrial Internet, artificial intelligence, 5G communication, automotive electronics, security and printing and other terminal fields.

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