GCT (GigaCloud Technology) Cash-to-Debt : 0.52 (As of Sep. 2024)

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What is GigaCloud 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. GigaCloud Technology's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.52.

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, GigaCloud Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

GCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.92 Max: 15.26
Current: 0.52

During the past 5 years, GigaCloud Technology's highest Cash to Debt Ratio was 15.26. The lowest was 0.33. And the median was 0.92.

GCT's Cash-to-Debt is ranked worse than
74.14% of 2796 companies
in the Software industry
Industry Median: 2.33 vs GCT: 0.52

GigaCloud Technology Cash-to-Debt Historical Data

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

GigaCloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

15.26

11.99

0.97

0.46

GigaCloud Technology Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial												1.30	0.46	0.42	0.40	0.52

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

For the Software - Infrastructure subindustry, GigaCloud 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.

GigaCloud Technology's Cash-to-Debt Distribution in the Software Industry

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

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

GigaCloud 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.

GigaCloud 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)
	=	183.283	/	(59.615	+	343.622)
	=	0.45

GigaCloud Technology's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	259.751	/	(84.865	+	419.385)
	=	0.52

GigaCloud Technology (NAS:GCT) 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.

GigaCloud Technology Cash-to-Debt Related Terms

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GigaCloud Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GigaCloud Technology Inc (NAS:GCT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

N/A

Address

4388 Shirley Avenue, El Monte, CA, USA, 91731

Website

https://www.gigacloudtech.com

GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which is referred to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.