AXT (AXTI) Cash-to-Debt : 0.72 (As of Dec. 2023)

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What is AXT 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. AXT's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.72.

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

AXTI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 5002.75 Max: No Debt
Current: 0.72

During the past 13 years, AXT's highest Cash to Debt Ratio was No Debt. The lowest was 0.72. And the median was 5002.75.

AXTI's Cash-to-Debt is ranked worse than
68.67% of 996 companies
in the Semiconductors industry
Industry Median: 1.81 vs AXTI: 0.72

AXT Cash-to-Debt Historical Data

The historical data trend for AXT'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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AXT Cash-to-Debt Chart

AXT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.15

5.51

2.55

0.91

0.72

AXT 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															0.91	0.78	0.79	0.67	0.72

Competitive Comparison of AXT's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, AXT'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.

AXT's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

AXT 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.

AXT'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)
	=	39.892	/	(53.379	+	2.351)
	=	0.72

AXT'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)
	=	39.892	/	(53.379	+	2.351)
	=	0.72

AXT (NAS:AXTI) 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.

AXT Cash-to-Debt Related Terms

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AXT (AXTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AXT Inc (NAS:AXTI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AHV:Germany

Address

4281 Technology Drive, Fremont, CA, USA, 94538

Website

http://www.axt.com

AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

Executives

Russell Christine	director	17165 PINE STREET, LOS GATOS CA 95032
Gary L Fischer	officer: Vice President, CFO & Corp Sec	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Morris S Young	director, officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Jesse Chen	director	18975 MONTE VISTA DR, SARATOGA CA 95070
David C Chang	director	C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Ni-pixel	director	4699 OLD IRONSIDE DRIVE, SUITE 300, SANTA CLARA CA 95054
Robert G Ochrym	officer: VP Business Development	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Wilson Weicheng Lin	officer: Chief Operating Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Leonard J Leblanc	director
Davis Zhang	officer: President, JV Operations	AXT, INC 4281, TECHNOLOGY DRIVE, FREMONT CA 94538
Hong Q Hou	officer: Chief Operating Officer
Nai-yu Pai	director	2065 ACADIA CT, CUPERTINO CA 94014
Raymond Anthony Low	officer: Chief Financial Officer	25 SHADOW TREE CT, DANVILLE CA 94506
John J Cerilli	officer: VP Global Sales & Marketing	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Yin Philip C S	officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538