Magnate Technology Co (ROCO:4541) Cash-to-Debt : 0.42 (As of Jun. 2024)

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What is Magnate 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. Magnate Technology Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.42.

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, Magnate Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ROCO:4541' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.39 Max: 0.61
Current: 0.42

During the past 13 years, Magnate Technology Co's highest Cash to Debt Ratio was 0.61. The lowest was 0.15. And the median was 0.39.

ROCO:4541's Cash-to-Debt is ranked worse than
60.77% of 311 companies
in the Aerospace & Defense industry
Industry Median: 0.73 vs ROCO:4541: 0.42

Magnate Technology Co Cash-to-Debt Historical Data

The historical data trend for Magnate 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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Magnate Technology Co Cash-to-Debt Chart

Magnate Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.37

0.39

0.42

0.48

0.44

Magnate Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.45	0.47	0.44	0.42	0.42

Competitive Comparison of Magnate Technology Co's Cash-to-Debt

For the Aerospace & Defense subindustry, Magnate 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.

Magnate Technology Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magnate Technology Co's Cash-to-Debt distribution charts can be found below:

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

Magnate 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.

Magnate Technology Co'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)
	=	890.663	/	(1361.562	+	668.506)
	=	0.44

Magnate Technology Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	882.773	/	(1472.844	+	638.02)
	=	0.42

Magnate Technology Co (ROCO:4541) 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.

Magnate Technology Co Cash-to-Debt Related Terms

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Magnate Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magnate Technology Co Ltd (ROCO:4541) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11, Beiling 2nd Road, Beiling Ville., Lujhu District, Kaohsiung, TWN, 821

Website

http://www.maicl.com

Magnate Technology Co Ltd is a Taiwan-based company operating in the Aerospace & Defense Industry. The company is mainly engaged in the processing or manufacturing and sells aircraft components, mechanical equipment components and general instrument components, and other related products, It also provides aerospace product processing services. It has two operating segments which include the aircraft and Non-aircrafts segment. Geographically it generates the majority of its revenue from Taiwan.

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