Solomon Systech (International) (HKSE:02878) Cash-to-Debt : 26.20 (As of Dec. 2023)

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What is Solomon Systech (International) 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. Solomon Systech (International)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 26.20.

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, Solomon Systech (International) 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 Solomon Systech (International)'s Cash-to-Debt or its related term are showing as below:

HKSE:02878' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.75 Med: 79.8 Max: 327.12
Current: 26.2

During the past 13 years, Solomon Systech (International)'s highest Cash to Debt Ratio was 327.12. The lowest was 8.75. And the median was 79.80.

HKSE:02878's Cash-to-Debt is ranked better than
80.89% of 994 companies
in the Semiconductors industry
Industry Median: 1.79 vs HKSE:02878: 26.20

Solomon Systech (International) Cash-to-Debt Historical Data

The historical data trend for Solomon Systech (International)'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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Solomon Systech (International) Cash-to-Debt Chart

Solomon Systech (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.75

47.59

9.13

13.33

26.20

Solomon Systech (International) 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															9.13	16.86	13.33	42.56	26.20

Competitive Comparison of Solomon Systech (International)'s Cash-to-Debt

For the Semiconductors subindustry, Solomon Systech (International)'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.

Solomon Systech (International)'s Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solomon Systech (International)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Solomon Systech (International)'s Cash-to-Debt falls into.

Solomon Systech (International) 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.

Solomon Systech (International)'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)
	=	647.128	/	(20.633	+	4.069)
	=	26.20

Solomon Systech (International)'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)
	=	647.128	/	(20.633	+	4.069)
	=	26.20

Solomon Systech (International) (HKSE:02878) 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.

Solomon Systech (International) Cash-to-Debt Related Terms

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

Solomon Systech (International) (HKSE:02878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solomon Systech (International) Ltd (HKSE:02878) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RZF:Germany

Address

No. 3 Science Park East Avenue, 6th Floor, Unit 607–613, Wireless Centre, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.solomon-systech.com

Solomon Systech (International) Ltd, along with its subsidiaries is a semiconductor company specializing in the design, development, and sales of integrated circuit products and system solutions for various applications like smartphones, smart televisions, and other smart devices including consumer electronics products, wearables, portable devices, and industrial appliances. Geographically, the company's business is spread across Taiwan, China, Europe, Japan, Korea, South East Asia, the United States of America, and other regions. Hong Kong generates maximum revenue for the company.

Executives

Huada Semiconductor Co., Ltd	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Dian Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yeh Tsuei Chi	2101 Beneficial owner

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