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LightPath TechnologiesLPTH +2.63%44 Cash-to-Debt is 4.88 as of Mar. 2026, which is 771% above its 10-year median of 0.56. GuruFocus rates LPTH with a GF Score™ of 44/100 and a GF Value™ of $2.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,489 Hardware companies, LightPath Technologies ranks better than 70.19% 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. LightPath Technologies's cash to debt ratio for the quarter that ended in Mar. 2026 was 4.88.
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, LightPath Technologiescould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for LightPath Technologies's Cash-to-Debt or its related term are showing as below:
LPTH'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.56 Max: 11.56
Current: 4.88
During the past 13 years, LightPath Technologies's highest Cash to Debt Ratio was 11.56. The lowest was 0.26. And the median was 0.56.
LPTH's Cash-to-Debt is ranked better than 70.19% of 2489
companies
in the Hardware industry
Industry Median: 1.38
vs LPTH: 4.88
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.
LightPath Technologies Cash-to-Debt Related Terms
LightPath Technologies Cash-to-Debt Historical Data
* 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.
For the Electronic Components subindustry, LightPath Technologies'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.
LightPath Technologies Cash-to-Debt vs Hardware Industry
For the Hardware industry and Technology sector, LightPath Technologies's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where LightPath Technologies'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.
LightPath Technologies (LPTH) has a Cash-to-Debt of 4.88 as of Mar. 2026. This is 771% above median its historical median of 0.56. Over the past decade, LightPath Technologies' Cash-to-Debt has ranged from 0.26 to 11.56. According to the industry distribution chart, LightPath Technologies ranks #742 out of 2489 companies in the Hardware industry, placing it in the top 29.8%.
Is LightPath Technologies' Cash-to-Debt too high?
LightPath Technologies' current Cash-to-Debt of 4.88 is 771% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 11.56. The Hardware industry median Cash-to-Debt is 1.38. LightPath Technologies' value of 4.88 is 253.6% above this industry median. Based on the distribution chart, LightPath Technologies ranks #742 out of 2489 companies in the Hardware industry, which is above the industry midpoint. Overall, LightPath Technologies has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightPath Technologies' Cash-to-Debt compare to KOPN and MEI?
According to the Hardware industry distribution chart, LightPath Technologies ranks #742 out of 2489 companies for Cash-to-Debt. This puts LightPath Technologies in the upper half of its industry. The industry median Cash-to-Debt is 1.38. LightPath Technologies' value of 4.88 is 253.6% above this benchmark. Historically, LightPath Technologies' own Cash-to-Debt has ranged from 0.26 to 11.56 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.38, LightPath Technologies has consistently been above 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 2,489 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. LightPath Technologies's current Cash-to-Debt of 4.88 is 253.6% above 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. LightPath Technologies's current Cash-to-Debt is 4.88, which is 771% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightPath Technologies stock overvalued right now?
Based on GuruFocus' analysis, LightPath Technologies (LPTH) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.50, compared to a current price of $12.90 — trading 416% above its estimated fair value. The current Cash-to-Debt is 4.88, which is 771% above median its 10-year median of 0.56 and 253.6% above the Hardware industry median of 1.38. LightPath Technologies' overall GF Score™ is 44/100 with 3 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 LightPath Technologies (LPTH), the current Cash-to-Debt is 4.88 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 LightPath Technologies (LPTH) Overvalued in 2026?
Based on GuruFocus' analysis, LightPath Technologies stock appears to be overvalued.
The current stock price of $12.90 is trading 416% above its estimated GF Value™ of $2.50.
GuruFocus considers LightPath Technologies to be Significantly Overvalued.
Key valuation signals for LPTH:
Cash-to-Debt: 4.88 (771% above median its 10-year median of 0.56)
GF Value™: $2.50 vs. price of $12.90 (416% above fair value)
Industry Position: 253.6% above the Hardware median (#742 of 2489)
No single metric tells the full story. See the LPTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LightPath Technologies Inc manufactures, distributes, and integrates proprietary optical components and assemblies. It develops optical solutions for traditional optics and communications markets. The company's products include precision molded optics and infrared products, serving markets such as distribution, laser, industrial, instrumentation, telecommunications, and defense. Its products are categorized as infrared components, visible components, assemblies and modules, and engineering services. G5 Infrared's revenue mainly comes from infrared components and assemblies.
44GF Score
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