Cheng Uei Precision Industry Co (TPE:2392) Cash-to-Debt : 0.41 (As of Dec. 2023)

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What is Cheng Uei Precision Industry 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. Cheng Uei Precision Industry Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.41.

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, Cheng Uei Precision Industry Co 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 Cheng Uei Precision Industry Co's Cash-to-Debt or its related term are showing as below:

TPE:2392' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.44 Max: 0.71
Current: 0.41

During the past 13 years, Cheng Uei Precision Industry Co's highest Cash to Debt Ratio was 0.71. The lowest was 0.40. And the median was 0.44.

TPE:2392's Cash-to-Debt is ranked worse than
77.72% of 2469 companies
in the Hardware industry
Industry Median: 1.35 vs TPE:2392: 0.41

Cheng Uei Precision Industry Co Cash-to-Debt Historical Data

The historical data trend for Cheng Uei Precision Industry 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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Cheng Uei Precision Industry Co Cash-to-Debt Chart

Cheng Uei Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.45

0.71

0.45

0.41

Cheng Uei Precision Industry Co 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															0.41	0.41	0.38	0.39	0.41

Competitive Comparison of Cheng Uei Precision Industry Co's Cash-to-Debt

For the Electronic Components subindustry, Cheng Uei Precision Industry 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.

Cheng Uei Precision Industry Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cheng Uei Precision Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cheng Uei Precision Industry Co's Cash-to-Debt falls into.

Cheng Uei Precision Industry 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.

Cheng Uei Precision Industry 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)
	=	17768.141	/	(17716.651	+	25967.978)
	=	0.41

Cheng Uei Precision Industry Co'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)
	=	17768.141	/	(17716.651	+	25967.978)
	=	0.41

Cheng Uei Precision Industry Co (TPE:2392) 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.

Cheng Uei Precision Industry Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Cheng Uei Precision Industry Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Cheng Uei Precision Industry Co (TPE:2392) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cheng Uei Precision Industry Co Ltd (TPE:2392) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18, Zhongshan Road, Tucheng District, Taipei, TWN

Website

http://www.foxlink.com

Cheng Uei Precision Industry Co Ltd is a technology company that designs, manufactures, and sells connectors, power management devices, cable assemblies, and battery packs. Its main clients are producers of communications devices, computers, and consumer electronics. Its product portfolio consists of cables, connectors, accessories, battery packs, power modules, wireless and Bluetooth products, camera modules, audio products, wearable devices, and gaming products. The company is based in Taiwan but provides its services worldwide.

Cheng Uei Precision Industry Co (TPE:2392) Headlines

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