Planar Systems (FRA:PL4) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2015)

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What is Planar Systems 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. Planar Systems's cash to debt ratio for the quarter that ended in Jun. 2015 was No Debt ⁽¹⁾.

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, Planar Systems could pay off its debt using the cash in hand for the quarter that ended in Jun. 2015.

(1) 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.

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

FRA:PL4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 8.25 Max: No Debt
Current: No Debt

During the past 13 years, Planar Systems's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was 8.25.

FRA:PL4's Cash-to-Debt is not ranked
in the Hardware industry.
Industry Median: 1.34 vs FRA:PL4: No Debt

Planar Systems Cash-to-Debt Historical Data

The historical data trend for Planar Systems'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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Planar Systems Cash-to-Debt Chart

Planar Systems Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Cash-to-Debt

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8,064.67

No Debt

17.88

10.38

33.14

Planar Systems Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Cash-to-Debt	Get a 7-Day Free Trial															26.00	33.14	92.29	383.39	No Debt

Competitive Comparison of Planar Systems's Cash-to-Debt

For the Electronic Components subindustry, Planar Systems'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.

Planar Systems's Cash-to-Debt Distribution in the Hardware Industry

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

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

Planar Systems 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.

Planar Systems's Cash to Debt Ratio for the fiscal year that ended in Sep. 2014 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)
	=	10.141	/	(0.306	+	0)
	=	33.14

Planar Systems's Cash to Debt Ratio for the quarter that ended in Jun. 2015 is calculated as:

Planar Systems had no debt ⁽¹⁾.

Planar Systems (FRA:PL4) 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.

Planar Systems Cash-to-Debt Related Terms

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

Planar Systems (FRA:PL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planar Systems Inc (FRA:PL4) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.planar.com

Planar Systems Inc was incorporated on April 27, 1983. The Company is a provider of specialty display products, solutions, and services for customers in a number of end-market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. The Company capitalizes on its strong supply chain, logistics, and distribution relationships to sell a variety of mainly LCD based displays to the United States marketplace. The Company offers High-End Home Display which offers various high-performance home theater front-projection systems, video processing equipment, large-format thin displays, and accessories, that aims at the high-end home market and certain commercial installations The Company employs sales professionals in many countries around the world and sells both directly to end users and through reseller channels.The Company's direct competitors are numerous and diverse. In display systems including AMLCD components sourced from manufacturers, Planar's value-added specialty display products compete against those of NEC, Acer, Viewsonic, Dell and others in the IT market. The Company's operations are subject to environmental and various other regulations in each of the jurisdictions in which it conducts business.

Planar Systems (FRA:PL4) Headlines

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Planar Systems (FRA:PL4) Cash-to-Debt : No Debt (1) (As of Jun. 2015)