SMA Solar Technology AG (LTS:0NIF) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is SMA Solar Technology AG 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. SMA Solar Technology AG's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, SMA Solar Technology AG could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

LTS:0NIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.75 Med: 19.16 Max: No Debt
Current: No Debt

During the past 13 years, SMA Solar Technology AG's highest Cash to Debt Ratio was No Debt. The lowest was 3.75. And the median was 19.16.

LTS:0NIF's Cash-to-Debt is ranked better than
99.89% of 934 companies
in the Semiconductors industry
Industry Median: 1.885 vs LTS:0NIF: No Debt

SMA Solar Technology AG Cash-to-Debt Historical Data

The historical data trend for SMA Solar Technology AG'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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SMA Solar Technology AG Cash-to-Debt Chart

SMA Solar Technology AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

SMA Solar Technology AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of SMA Solar Technology AG's Cash-to-Debt

For the Solar subindustry, SMA Solar Technology AG'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.

SMA Solar Technology AG's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SMA Solar Technology AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where SMA Solar Technology AG's Cash-to-Debt falls into.

SMA Solar Technology AG 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.

SMA Solar Technology AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

SMA Solar Technology AG had no debt ⁽¹⁾.

SMA Solar Technology AG's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

SMA Solar Technology AG had no debt ⁽¹⁾.

SMA Solar Technology AG (LTS:0NIF) 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.

SMA Solar Technology AG Cash-to-Debt Related Terms

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SMA Solar Technology AG (LTS:0NIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMA Solar Technology AG (LTS:0NIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMTGY:USA SMTGF:USA 1S:Italy S92d:UK S92:Germany S92:Austria

Address

Sonnenallee 1, Niestetal, DEU, 34266

Website

https://www.sma.de

SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.

SMA Solar Technology AG (LTS:0NIF) Headlines

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SMA Solar Technology AG (LTS:0NIF) Cash-to-Debt : No Debt (1) (As of Mar. 2024)