Time Interconnect Technology (HKSE:01729) Cash-to-Debt : 0.11 (As of Sep. 2023)

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What is Time Interconnect 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. Time Interconnect Technology's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.11.

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, Time Interconnect Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:01729' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.32 Max: 20.99
Current: 0.11

During the past 8 years, Time Interconnect Technology's highest Cash to Debt Ratio was 20.99. The lowest was 0.09. And the median was 0.32.

HKSE:01729's Cash-to-Debt is ranked worse than
90.95% of 2994 companies
in the Industrial Products industry
Industry Median: 1.23 vs HKSE:01729: 0.11

Time Interconnect Technology Cash-to-Debt Historical Data

The historical data trend for Time Interconnect 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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Time Interconnect Technology Cash-to-Debt Chart

Time Interconnect Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Cash-to-Debt

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6.73

0.32

0.30

0.15

0.20

Time Interconnect Technology Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial											0.19	0.20	0.45	0.09	0.11

Competitive Comparison of Time Interconnect Technology's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Time Interconnect 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.

Time Interconnect Technology's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Time Interconnect 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.

Time Interconnect Technology's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 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)
	=	220.906	/	(798.731	+	322.267)
	=	0.20

Time Interconnect Technology's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	387.257	/	(2830.671	+	620.743)
	=	0.11

Time Interconnect Technology (HKSE:01729) 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.

Time Interconnect Technology Cash-to-Debt Related Terms

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Time Interconnect Technology (HKSE:01729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Time Interconnect Technology Ltd (HKSE:01729) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

5 Science Park East Avenue, Units 213-221, 2/F, Building 5E, Hong Kong Science Park, Shatin, Hong Kong, HKG

Website

https://www.time-interconnect.com

Time Interconnect Technology Ltd is an investment holding company. The company operates in the manufacture and sales of a wide variety of copper, digital cable products, & optical fiber cable assemblies. The firm is organized into two main operating divisions Cable assembly, Digital cables, and Server. The company generates revenue from the Server segment which includes manufacturing and trading of server products. Geographically, the company derives a majority of its revenue from China and also has a presence in the United States of America; Netherlands; Singapore; Hong Kong, and Other Countries. The company serves Telecommunication and Data Communication; Healthcare and Transportation and Industrial markets.

Executives

Wang Laichun	2201 Interest of corporation controlled by you
Wang Laisheng	2201 Interest of corporation controlled by you
Li Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Li Xun Jing Mi Gong Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Time Interconnect Technology (HKSE:01729) Headlines

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