Niutech Group (NGM:NIUTEC) Cash-to-Debt : 0.11 (As of Sep. 2024)

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What is Niutech Group 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. Niutech Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.11.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Niutech Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NGM:NIUTEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: 0.11

During the past 4 years, Niutech Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

NGM:NIUTEC's Cash-to-Debt is ranked worse than
93.84% of 1007 companies
in the Semiconductors industry
Industry Median: 1.69 vs NGM:NIUTEC: 0.11

Niutech Group Cash-to-Debt Historical Data

The historical data trend for Niutech Group'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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Niutech Group Cash-to-Debt Chart

Niutech Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

2.11

0.82

Niutech Group Quarterly Data
	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											No Debt	0.82	0.09	-	0.11

Competitive Comparison of Niutech Group's Cash-to-Debt

For the Solar subindustry, Niutech Group'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.

Niutech Group's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Niutech Group 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.

Niutech Group'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)
	=	22.897	/	(7.651	+	20.345)
	=	0.82

Niutech Group'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)
	=	4.838	/	(24.262	+	19.424)
	=	0.11

Niutech Group (NGM:NIUTEC) 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.

Niutech Group Cash-to-Debt Related Terms

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Niutech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niutech Group (NGM:NIUTEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Segelbatsvagen 7, Stockholm, SWE, 11264

Website

https://www.niutech.se

Niutech Group sells and installs innovative solutions within green digital infrastructure that accelerate the transition to efficient and fossil-free energy solutions. It offer includes solutions within digital infrastructure, solar energy and electrical installation.

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