Pixon Technologies (ROCO:5248) Cash-to-Debt : 0.82 (As of Jun. 2024)

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What is Pixon Technologies 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. Pixon Technologies's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.82.

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

ROCO:5248' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 5.22 Max: 25.88
Current: 0.82

During the past 13 years, Pixon Technologies's highest Cash to Debt Ratio was 25.88. The lowest was 0.82. And the median was 5.22.

ROCO:5248's Cash-to-Debt is ranked worse than
59.54% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs ROCO:5248: 0.82

Pixon Technologies Cash-to-Debt Historical Data

The historical data trend for Pixon Technologies'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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Pixon Technologies Cash-to-Debt Chart

Pixon Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

5.96

1.82

2.72

1.05

0.91

Pixon Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															4.49	1.05	0.89	0.91	0.82

Competitive Comparison of Pixon Technologies's Cash-to-Debt

For the Electronic Components subindustry, Pixon Technologies'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.

Pixon Technologies's Cash-to-Debt Distribution in the Hardware Industry

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

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

Pixon Technologies 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.

Pixon Technologies'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)
	=	141.22	/	(16.324	+	139.716)
	=	0.91

Pixon Technologies'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)
	=	147.284	/	(21.709	+	157.983)
	=	0.82

Pixon Technologies (ROCO:5248) 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.

Pixon Technologies Cash-to-Debt Related Terms

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Pixon Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pixon Technologies Corp (ROCO:5248) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 52, Minquan Road, 9th Floor, Xindian District, New Taipei City, TWN, 23141

Website

http://www.pixon.com.tw

Pixon Technologies Corp is a Taiwan based company operating in the imaging and optical component industry. Its designs and manufactures color CIS modules, imaging lens arrays, and linear illumination products. The products of the company include linear light guide, CIS module, linear micro lens array, COB chip on board and 3-in-1 module. The entity's product application includes document scanning and printing, fax, photocopiers, MFP multifunction printers, banknote counterfeit machines, lottery, electronic whiteboard, large format textile and paper printing and scanning, and other visual inspection.

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