Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Cash-to-Debt : 3.71 (As of Sep. 2015)

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What is Global-Tech Advanced Innovations 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. Global-Tech Advanced Innovations's cash to debt ratio for the quarter that ended in Sep. 2015 was 3.71.

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, Global-Tech Advanced Innovations could pay off its debt using the cash in hand for the quarter that ended in Sep. 2015.

The historical rank and industry rank for Global-Tech Advanced Innovations's Cash-to-Debt or its related term are showing as below:

GAI's Cash-to-Debt is not ranked ^*
in the Semiconductors industry.
Industry Median: 1.76
* Ranked among companies with meaningful Cash-to-Debt only.

Global-Tech Advanced Innovations Cash-to-Debt Historical Data

The historical data trend for Global-Tech Advanced Innovations'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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Global-Tech Advanced Innovations Cash-to-Debt Chart

Global-Tech Advanced Innovations Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Cash-to-Debt

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1.53

10.45

6.71

3.28

2.14

Global-Tech Advanced Innovations Semi-Annual Data
	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Mar09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15
Cash-to-Debt	Get a 7-Day Free Trial															14.18	3.28	3.55	2.14	3.71

Competitive Comparison of Global-Tech Advanced Innovations's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations's Cash-to-Debt Distribution in the Semiconductors Industry

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

* The bar in red indicates where Global-Tech Advanced Innovations's Cash-to-Debt falls into.

Global-Tech Advanced Innovations 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.

Global-Tech Advanced Innovations's Cash to Debt Ratio for the fiscal year that ended in Mar. 2015 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)
	=	14.502	/	(6.78	+	0)
	=	2.14

Global-Tech Advanced Innovations's Cash to Debt Ratio for the quarter that ended in Sep. 2015 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)
	=	28.669	/	(7.72	+	0)
	=	3.71

Global-Tech Advanced Innovations (NAS:GAI) 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.

Global-Tech Advanced Innovations Cash-to-Debt Related Terms

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Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global-Tech Advanced Innovations Inc (NAS:GAI) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.global-webpage.com

Global-Tech Advanced Innovations Inc was organized as an international business company under the laws of the British Virgin Islands on May 2, 1991 and became a publicly traded entity on April 7, 1998. The Company was an exporter of small electrical appliances to North American and European markets. The Company produces complementary metal oxide semiconductor camera modules for sale to cellular phone manufacturers. The Company also comprises immaterial product lines and development programs. It continues to acquire new technologies in an effort to expand its capabilities in manufacturing finished products and components. Its patents are registered in various jurisdictions, including the United States, the United Kingdom, China and France. It competes with established companies in Hong Kong and China, a number of which have substantially greater technical, financial and marketing resources. Competition for contract manufacturing products is based on unit price, product quality and availability and service. Its operations and assets in China are subject to significant political, economic, legal and other uncertainties.

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