United Microelectronics (MEX:UMC) Cash-to-Debt : 1.20 (As of Sep. 2024)

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What is United Microelectronics 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. United Microelectronics's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.20.

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, United Microelectronics could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

MEX:UMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 1.32 Max: 4.11
Current: 1.2

During the past 13 years, United Microelectronics's highest Cash to Debt Ratio was 4.11. The lowest was 0.72. And the median was 1.32.

MEX:UMC's Cash-to-Debt is ranked worse than
56.31% of 1007 companies
in the Semiconductors industry
Industry Median: 1.69 vs MEX:UMC: 1.20

United Microelectronics Cash-to-Debt Historical Data

The historical data trend for United Microelectronics'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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United Microelectronics Cash-to-Debt Chart

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.50

2.65

3.65

3.92

2.26

United Microelectronics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.72	2.26	2.18	1.88	1.20

Competitive Comparison of United Microelectronics's Cash-to-Debt

For the Semiconductors subindustry, United Microelectronics'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.

United Microelectronics's Cash-to-Debt Distribution in the Semiconductors Industry

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

* The bar in red indicates where United Microelectronics's Cash-to-Debt falls into.

United Microelectronics 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.

United Microelectronics'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)
	=	78692.461	/	(7628.173	+	27219.826)
	=	2.26

United Microelectronics's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	70506.023	/	(19399.357	+	39444.939)
	=	1.20

United Microelectronics (MEX:UMC) 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.

United Microelectronics Cash-to-Debt Related Terms

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United Microelectronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Microelectronics Corp (MEX:UMC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UMC:USA 2303:Taiwan UMCB:Germany UMCB:Germany

Address

No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.umc.com

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2023 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the us, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.