FIH Mobile (FIH Mobile) Cash-to-Debt : 2.68 (As of Dec. 2023)

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What is FIH Mobile 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. FIH Mobile's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.68.

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, FIH Mobile could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FXCNY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.36 Med: 2.7 Max: 195.08
Current: 2.68

During the past 13 years, FIH Mobile's highest Cash to Debt Ratio was 195.08. The lowest was 1.36. And the median was 2.70.

FXCNY's Cash-to-Debt is ranked better than
62.77% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs FXCNY: 2.68

FIH Mobile Cash-to-Debt Historical Data

The historical data trend for FIH Mobile'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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FIH Mobile Cash-to-Debt Chart

FIH Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.59

1.88

2.16

2.72

2.68

FIH Mobile Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.16	1.62	2.72	1.80	2.68

Competitive Comparison of FIH Mobile's Cash-to-Debt

For the Communication Equipment subindustry, FIH Mobile'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.

FIH Mobile's Cash-to-Debt Distribution in the Hardware Industry

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

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

FIH Mobile 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.

FIH Mobile'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)
	=	1895.666	/	(704.911	+	2.744)
	=	2.68

FIH Mobile'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)
	=	1895.666	/	(704.911	+	2.744)
	=	2.68

FIH Mobile (OTCPK:FXCNY) 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.

FIH Mobile Cash-to-Debt Related Terms

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

FIH Mobile (FIH Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIH Mobile Ltd (OTCPK:FXCNY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FXCNF:USA 02038:Hong Kong FW3:Germany

Address

No.4 Minsheng Street, Tucheng District, New Taipei City, TWN, 236

Website

https://www.fihmb.com

FIH Mobile Ltd is a provider of manufacturing services to the handset and wireless communications industry. The firm's services include product development and design, manufacturing and assembly, and after-sale maintenance and repairs. A majority of the firm's revenue is generated in Asia, with the rest coming from Europe and America region.

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