Pax Global Technology (HKSE:00327) Cash-to-Debt : 30.18 (As of Jun. 2024)

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What is Pax Global 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. Pax Global Technology's cash to debt ratio for the quarter that ended in Jun. 2024 was 30.18.

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, Pax Global Technology could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:00327' s Cash-to-Debt Range Over the Past 10 Years
Min: 24.98 Med: 45.46 Max: No Debt
Current: 30.18

During the past 13 years, Pax Global Technology's highest Cash to Debt Ratio was No Debt. The lowest was 24.98. And the median was 45.46.

HKSE:00327's Cash-to-Debt is ranked better than
84.5% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs HKSE:00327: 30.18

Pax Global Technology Cash-to-Debt Historical Data

The historical data trend for Pax Global 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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Pax Global Technology Cash-to-Debt Chart

Pax Global Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

28.45

31.23

30.46

37.13

26.98

Pax Global Technology Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															30.28	37.13	35.32	26.98	30.18

Competitive Comparison of Pax Global Technology's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Pax Global 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.

Pax Global Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pax Global Technology's Cash-to-Debt distribution charts can be found below:

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

Pax Global 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.

Pax Global 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)
	=	2919.452	/	(23.89	+	84.325)
	=	26.98

Pax Global Technology's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	2978.855	/	(20.084	+	78.609)
	=	30.18

Pax Global Technology (HKSE:00327) 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.

Pax Global Technology Cash-to-Debt Related Terms

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Pax Global Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pax Global Technology Ltd (HKSE:00327) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PXGYF:USA P8X:Germany

Address

30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.paxglobal.com.hk

Pax Global Technology Ltd sells a variety of electronic payment devices. The company's products can be organized into three categories based on product type. The E-payment terminals, which generate the majority of revenue, are wireless handheld devices that enable users to pay through the swipe or insert of a credit or debit card. The E-payment terminals are used by restaurants and retailers. The consumer-activated devices are used to support a variety of connection options for the E-payment terminals. Contactless devices enable users to pay without having to swipe or insert a card.

Executives

Hi Sun Technology (china) Limited	2101 Beneficial owner
Brandes Investment Partners, L.p.	2102 Investment manager
Fmr Llc	2201 Interest of corporation controlled by you

Pax Global Technology Headlines

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