Hutchinson Technology (Hutchinson Technology) Cash-to-Debt : 0.37 (As of Jun. 2016)

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What is Hutchinson 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. Hutchinson Technology's cash to debt ratio for the quarter that ended in Jun. 2016 was 0.37.

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, Hutchinson Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2016.

The historical rank and industry rank for Hutchinson Technology's Cash-to-Debt or its related term are showing as below:

HTCH's Cash-to-Debt is not ranked ^*
in the Hardware industry.
Industry Median: 1.38
* Ranked among companies with meaningful Cash-to-Debt only.

Hutchinson Technology Cash-to-Debt Historical Data

The historical data trend for Hutchinson 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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Hutchinson Technology Cash-to-Debt Chart

Hutchinson Technology Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Cash-to-Debt

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0.38

0.40

0.31

0.27

0.31

Hutchinson Technology Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Cash-to-Debt	Get a 7-Day Free Trial															0.27	0.31	0.38	0.36	0.37

Competitive Comparison of Hutchinson Technology's Cash-to-Debt

For the Electronic Components subindustry, Hutchinson 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.

Hutchinson Technology's Cash-to-Debt Distribution in the Hardware Industry

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

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

Hutchinson 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.

Hutchinson Technology's Cash to Debt Ratio for the fiscal year 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)
	=	40.419	/	(5.188	+	126.376)
	=	0.31

Hutchinson Technology's Cash to Debt Ratio for the quarter that ended in Jun. 2016 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)
	=	47.761	/	(88.672	+	40.293)
	=	0.37

Hutchinson Technology (NAS:HTCH) 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.

Hutchinson Technology Cash-to-Debt Related Terms

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Hutchinson Technology (Hutchinson Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hutchinson Technology Inc (NAS:HTCH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.htch.com

Hutchinson Technology Inc was incorporated in Minnesota in the year 1965. The Company is a technology manufacturer that creates value by developing solutions to critical customer problems. The Company has one reportable segment namely the Disk Drive Components Division. Its Disk Drive Components Division is a supplier of suspension assemblies for hard disk drives. Its disk drive products are sold through the Company's account management team. Its competitors are Nihon Hatsujo Kabusikigaisha, Magnecomp Precision Technology Public Company Limited, and NAT Peripheral (H.K.) Co., Ltd. As of September 27, 2015, the Company had 216 US patents and 16 foreign patents. The Company's products are classified as medical devices and therefore are subject to governmental regulations.

Executives

Wayne M Fortun	director, other: Chairman of the Board	HUTCHINSON TECHNOLOGY INC, 40 WEST HIGHLAND PARK, HUTCHINSON MN 55350
Martha Goldberg Aronson	director	40 WEST HIGHLAND PARK DRIVE NE, HUTCHINSON MN 55350
Russell Huffer	director	C/O APOGEE ENTERPRISES INC, 7900 XERXES AVE S STE 1000, MINNEAPOLIS MN 55431
Thomas R Verhage	director	6513 CROWN COLONY PLACE #101, NAPLES FL 34108
Philip Soran	director	12982 VALLEY VIEW RD, EDEN PRAIRIE MN 55344
Frank P Russomanno	director	C/O EMRISE CORPORATION, 2530 MERIDIAN PARKWAY, DURHAM NC 27713
William T Monahan	director	IMATION, 1 IMATION PL, OAKDALE MN 55128
Mark A Augusti	director	40 WEST HIGHLAND PARK DRIVE NE, HUTCHINSON MN 55350
Gary Henley	director	5677 AIRLINE ROAD, ARLINGTON TN 38002
Kathleen Skarvan	officer: Senior VP, Pres of DDC Div	40 WEST HIGHLAND PARK DR NE, HUTCHINSON MN 55350
Steve Polacek	officer: Senior VP and CFO	4106 SUNNYSIDE ROAD, EDINA MN 55424
Archibald Jr Cox	director	151 EAST 58TH STREET, #33F, NEW YORK NY 10022