AP Memory Technology (TPE:6531) Cash-to-Debt : 76.98 (As of Mar. 2024)

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What is AP Memory Technology 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. AP Memory Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 76.98.

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

TPE:6531' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.03 Med: 20.85 Max: No Debt
Current: 76.98

During the past 11 years, AP Memory Technology's highest Cash to Debt Ratio was No Debt. The lowest was 1.03. And the median was 20.85.

TPE:6531's Cash-to-Debt is ranked better than
88.22% of 993 companies
in the Semiconductors industry
Industry Median: 1.79 vs TPE:6531: 76.98

AP Memory Technology Cash-to-Debt Historical Data

The historical data trend for AP Memory Technology'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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AP Memory Technology Cash-to-Debt Chart

AP Memory Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.92

9.42

27.44

128.54

26.40

AP Memory Technology 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															163.25	186.82	244.32	26.40	76.98

Competitive Comparison of AP Memory Technology's Cash-to-Debt

For the Semiconductors subindustry, AP Memory Technology'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.

AP Memory Technology's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, AP Memory Technology's Cash-to-Debt distribution charts can be found below:

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

AP Memory Technology 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.

AP Memory Technology'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)
	=	8867.035	/	(325.917	+	9.94)
	=	26.40

AP Memory Technology'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)
	=	9346.24	/	(112.525	+	8.885)
	=	76.98

AP Memory Technology (TPE:6531) 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.

AP Memory Technology Cash-to-Debt Related Terms

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

AP Memory Technology (TPE:6531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AP Memory Technology Corp (TPE:6531) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Taiyuan 1st Street, 10th Floor-1, Hsinchu County, Zhubei, TWN, 30288

Website

https://www.apmemory.com

AP Memory Technology Corp is a memory IC design company. The company is engaged in manufacturing and developing mobile DRAM based specialty memory products for mobile, wearable, and Internet of Things devices. Its products include PSRAM and IOT RAM, Low power DRAM, and applications include Internet of things, connectives and mobile.

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