Solidion Technology (Solidion Technology) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Solidion 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. Solidion Technology's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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

STI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 4.37 Max: No Debt
Current: 0.01

During the past 3 years, Solidion Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 4.37.

STI's Cash-to-Debt is ranked worse than
99.07% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs STI: 0.01

Solidion Technology Cash-to-Debt Historical Data

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

Solidion Technology Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

4.37

0.01

Solidion Technology Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	No Debt	4.37	0.01

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

For the Electrical Equipment & Parts subindustry, Solidion 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.

Solidion Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solidion Technology's Cash-to-Debt distribution charts can be found below:

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

Solidion 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.

Solidion 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)
	=	0.02	/	(2.203	+	0)
	=	0.01

Solidion Technology'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)
	=	0.02	/	(2.203	+	0)
	=	0.01

Solidion Technology (NAS:STI) 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.

Solidion Technology Cash-to-Debt Related Terms

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Solidion Technology (Solidion Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solidion Technology Inc (NAS:STI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1240 McCook Avenue, Dayton, OH, USA, 45404

Website

Solidion Technology Inc is engaged in researching, developing and manufacturing battery materials and and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. It is recognized as a global IP leader in both the high-capacity anode and the high-energy solid-state battery.

Solidion Technology (Solidion Technology) Headlines

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