Ability Opto-Electronics Technology Co (ROCO:3362) Cash-to-Debt : 0.25 (As of Dec. 2024)

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What is Ability Opto-Electronics Technology Co 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. Ability Opto-Electronics Technology Co's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.25.

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, Ability Opto-Electronics Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Ability Opto-Electronics Technology Co's Cash-to-Debt or its related term are showing as below:

ROCO:3362' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.73 Max: 5.43
Current: 0.25

During the past 13 years, Ability Opto-Electronics Technology Co's highest Cash to Debt Ratio was 5.43. The lowest was 0.25. And the median was 0.73.

ROCO:3362's Cash-to-Debt is ranked worse than
85.84% of 2444 companies
in the Hardware industry
Industry Median: 1.45 vs ROCO:3362: 0.25

Ability Opto-Electronics Technology Co Cash-to-Debt Historical Data

The historical data trend for Ability Opto-Electronics Technology Co'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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Ability Opto-Electronics Technology Co Cash-to-Debt Chart

Ability Opto-Electronics Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.60

0.30

0.42

0.34

0.25

Ability Opto-Electronics Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.33	0.38	0.35	0.25

Competitive Comparison of Ability Opto-Electronics Technology Co's Cash-to-Debt

For the Electronic Components subindustry, Ability Opto-Electronics Technology Co'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.

Ability Opto-Electronics Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ability Opto-Electronics Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ability Opto-Electronics Technology Co's Cash-to-Debt falls into.

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Ability Opto-Electronics Technology Co 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.

Ability Opto-Electronics Technology Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1226.654	/	(2384.553	+	2506.608)
	=	0.25

Ability Opto-Electronics Technology Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1226.654	/	(2384.553	+	2506.608)
	=	0.25

Ability Opto-Electronics Technology Co (ROCO:3362) 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.

Ability Opto-Electronics Technology Co Cash-to-Debt Related Terms

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Ability Opto-Electronics Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ability Opto-Electronics Technology Co Ltd (ROCO:3362) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.33, Keya Road, 2nd Floor, Daya Township, Taichung, TWN, 428

Website

https://www.aoet.com.tw

Ability Opto-Electronics Technology Co Ltd is engaged in the research & development, and manufacturing of professional optical lenses. The company designs and manufactures lenses for scanners, projectors, digital cameras, multi-function printers, mobile phones, digital video recorders, multi-function printers, cell phone cameras, laptops, tablets, IP cameras, monitors, automotive lenses, and others. The reportable segments of the company are; the Optical segment which derives key revenue, and the Electronic components segment. Geographically, it derives maximum revenue from Mainland China and the rest from Taiwan, and other countries.

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