Benchmark Electronics (FRA:BMU) Cash-to-Debt : 0.68 (As of Mar. 2024)

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What is Benchmark Electronics 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. Benchmark Electronics's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.68.

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, Benchmark Electronics couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:BMU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 1.84 Max: 51.22
Current: 0.68

During the past 13 years, Benchmark Electronics's highest Cash to Debt Ratio was 51.22. The lowest was 0.43. And the median was 1.84.

FRA:BMU's Cash-to-Debt is ranked worse than
65.55% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs FRA:BMU: 0.68

Benchmark Electronics Cash-to-Debt Historical Data

The historical data trend for Benchmark Electronics'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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Benchmark Electronics Cash-to-Debt Chart

Benchmark Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.61

1.84

1.23

0.50

0.61

Benchmark Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.43	0.48	0.48	0.61	0.68

Competitive Comparison of Benchmark Electronics's Cash-to-Debt

For the Electronic Components subindustry, Benchmark Electronics'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.

Benchmark Electronics's Cash-to-Debt Distribution in the Hardware Industry

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

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

Benchmark Electronics 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.

Benchmark Electronics'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)
	=	254.368	/	(3.928	+	412.704)
	=	0.61

Benchmark Electronics's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	272.371	/	(4.697	+	395.669)
	=	0.68

Benchmark Electronics (FRA:BMU) 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.

Benchmark Electronics Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Benchmark Electronics's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Benchmark Electronics (FRA:BMU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Benchmark Electronics Inc (FRA:BMU) » Definitions » Cash-to-Debt

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BHE:USA

Address

56 South Rockford Drive, Tempe, AZ, USA, 85288

Website

https://www.bench.com

Benchmark Electronics Inc is engaged in product designing, engineering services, technology solutions, and advanced manufacturing services (electronic manufacturing services (EMS) and precision technology services). It serves various industries, including aerospace & defense (A&D), medical technologies, complex industrials, semiconductor capital equipment, next-generation telecommunications, and high-end computing. Its geographical segments are the Americas, Asia and Europe of which key revenue is derived from the Americas.

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