FLTCF (Filtronic) Cash-to-Debt : 2.45 (As of Nov. 2024)

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What is Filtronic 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. Filtronic's cash to debt ratio for the quarter that ended in Nov. 2024 was 2.45.

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, Filtronic could pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.

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

FLTCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 2.01 Max: No Debt
Current: 2.45

During the past 13 years, Filtronic's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 2.01.

FLTCF's Cash-to-Debt is ranked better than
60.01% of 2443 companies
in the Hardware industry
Industry Median: 1.37 vs FLTCF: 2.45

Filtronic Cash-to-Debt Historical Data

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

Filtronic Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash-to-Debt

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0.71

1.35

2.20

1.13

2.39

Filtronic Semi-Annual Data
	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial															1.46	1.13	1.43	2.39	2.45

Competitive Comparison of Filtronic's Cash-to-Debt

For the Communication Equipment subindustry, Filtronic'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.

Filtronic's Cash-to-Debt Distribution in the Hardware Industry

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

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

Filtronic 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.

Filtronic's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	9.121	/	(1.131	+	2.681)
	=	2.39

Filtronic's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	9.177	/	(0.931	+	2.82)
	=	2.45

Filtronic (OTCPK:FLTCF) 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.

Filtronic Cash-to-Debt Related Terms

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Filtronic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Filtronic PLC (OTCPK:FLTCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FTC:UK FTI:Germany

Address

Thomas Wright Way, Plexus 1, NETPark, Sedgefield, Durham, GBR, TS21 3FD

Website

https://www.filtronic.com

Filtronic PLC designs and manufactures a broad range of customized RF, microwave, and millimeter-wave components and subsystems. Its products are used in mobile wireless communication equipment, point-to-point communication systems, and adjacent defense sectors. Its customer base includes international original equipment manufacturers as well as a wide range of mobile phone network operators. It has operations in the United Kingdom, Europe, Americas, and the Rest of the world.

Filtronic Headlines

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