Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ispaceIPCEF -2.13%49 Cash-to-Debt is 1.01 as of Mar. 2026, which is 6% below its 10-year median of 1.08. GuruFocus rates IPCEF with a GF Score™ of 49/100 and a GF Value™ of $5.41 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,490 Hardware companies, ispace ranks worse than 56.51% on this metric.
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. ispace's cash to debt ratio for the quarter that ended in Mar. 2026 was 1.01.
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, ispacecould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for ispace's Cash-to-Debt or its related term are showing as below:
IPCEF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 1.08 Max: 18.54
Current: 1.01
During the past 6 years, ispace's highest Cash to Debt Ratio was 18.54. The lowest was 0.50. And the median was 1.08.
IPCEF's Cash-to-Debt is ranked worse than 56.51% of 2490
companies
in the Hardware industry
Industry Median: 1.38
vs IPCEF: 1.01
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.
ispace Cash-to-Debt Related Terms
ispace Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for ispace'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.
IPCEF vs DELL, ANET, SNDK: Cash-to-Debt Comparison
For the Computer Hardware subindustry, ispace'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.
ispace Cash-to-Debt vs Hardware Industry
For the Hardware industry and Technology sector, ispace's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ispace's Cash-to-Debt falls into.
* 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.
ispace (IPCEF) has a Cash-to-Debt of 1.01 as of Mar. 2026. This is near median its historical median of 1.08. Over the past decade, ispace's Cash-to-Debt has ranged from 0.50 to 18.54. According to the industry distribution chart, ispace ranks #1407 out of 2490 companies in the Hardware industry, placing it in the top 56.5%.
Is ispace's Cash-to-Debt too high?
ispace's current Cash-to-Debt of 1.01 is near median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 18.54. The Hardware industry median Cash-to-Debt is 1.38. ispace's value of 1.01 is 26.8% below this industry median. Based on the distribution chart, ispace ranks #1407 out of 2490 companies in the Hardware industry, which is below the industry midpoint. Overall, ispace has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ispace's Cash-to-Debt compare to DELL and ANET?
According to the Hardware industry distribution chart, ispace ranks #1407 out of 2490 companies for Cash-to-Debt. This places ispace in the lower half of its industry. The industry median Cash-to-Debt is 1.38. ispace's value of 1.01 is 26.8% below this benchmark. Historically, ispace's own Cash-to-Debt has ranged from 0.50 to 18.54 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.38, ispace has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Hardware company?
The median Cash-to-Debt among Hardware companies is 1.38, based on 2,490 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ispace's current Cash-to-Debt of 1.01 is 26.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median Cash-to-Debt is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ispace's current Cash-to-Debt is 1.01, which is near median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ispace stock overvalued right now?
Based on GuruFocus' analysis, ispace (IPCEF) is currently considered Possible Value Trap. The stock's GF Value™ is $5.41, compared to a current price of $2.30 — trading 57.5% below its estimated fair value. The current Cash-to-Debt is 1.01, which is near median its 10-year median of 1.08 and 26.8% below the Hardware industry median of 1.38. ispace's overall GF Score™ is 49/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For ispace (IPCEF), the current Cash-to-Debt is 1.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ispace (IPCEF) Overvalued in 2026?
Based on GuruFocus' analysis, ispace stock appears to be undervalued.
The current stock price of $2.30 is trading 57.5% below its estimated GF Value™ of $5.41.
GuruFocus considers ispace to be Possible Value Trap.
Key valuation signals for IPCEF:
Cash-to-Debt: 1.01 (near median its 10-year median of 1.08)
GF Value™: $5.41 vs. price of $2.30 (57.5% below fair value)
Industry Position: 26.8% below the Hardware median (#1407 of 2490)
No single metric tells the full story. See the IPCEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ispace inc is a private lunar robotic exploration company that is developing micro-robotic technology to provide a low-cost and frequent transportation service. It has developed a small lander (lunar lander) and a lunar exploration rover (lunar rover) for the purpose of providing frequent and low-cost transportation services to the moon.
49GF Score
Get the complete analysis for IPCEF
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IPCEF has been successfully added to your 
