poLight ASA (OSL:PLT) Cash-to-Debt : 280.16 (As of Sep. 2024)

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What is poLight ASA 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. poLight ASA's cash to debt ratio for the quarter that ended in Sep. 2024 was 280.16.

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, poLight ASA 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 poLight ASA's Cash-to-Debt or its related term are showing as below:

OSL:PLT' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.28 Med: 40.25 Max: 280.16
Current: 280.16

During the past 10 years, poLight ASA's highest Cash to Debt Ratio was 280.16. The lowest was 10.28. And the median was 40.25.

OSL:PLT's Cash-to-Debt is ranked better than
94.43% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs OSL:PLT: 280.16

poLight ASA Cash-to-Debt Historical Data

The historical data trend for poLight ASA'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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poLight ASA Cash-to-Debt Chart

poLight ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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36.03

72.84

32.07

20.38

36.26

poLight ASA 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															40.25	36.26	35.39	83.01	280.16

Competitive Comparison of poLight ASA's Cash-to-Debt

For the Electronic Components subindustry, poLight ASA'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.

poLight ASA's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, poLight ASA's Cash-to-Debt distribution charts can be found below:

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

poLight ASA 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.

poLight ASA'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)
	=	113.602	/	(1.182	+	1.951)
	=	36.26

poLight ASA'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)
	=	180.141	/	(0.26	+	0.383)
	=	280.16

poLight ASA (OSL:PLT) 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.

poLight ASA Cash-to-Debt Related Terms

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poLight ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » poLight ASA (OSL:PLT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3OL0:Germany

Address

Innlaget 5, Skoppum, NOR, N-3185

Website

https://www.polight.com

poLight ASA provides photographic lenses used in cameras for smartphones, wearables such as watches and glasses, and industrial applications including medical and retail. The company specializes in optics, polymers, micro-electromechanical systems technology, and image application and processing. Its products include Driver ASIC and TLens. Its geographical segments are the United States, Asia, and Europe.

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