Darbond Technology Co (SHSE:688035) Cash-to-Debt : 5.53 (As of Sep. 2024)

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What is Darbond 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. Darbond Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 5.53.

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, Darbond Technology Co 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 Darbond Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:688035' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 5.33 Max: 17.09
Current: 5.53

During the past 6 years, Darbond Technology Co's highest Cash to Debt Ratio was 17.09. The lowest was 0.47. And the median was 5.33.

SHSE:688035's Cash-to-Debt is ranked better than
78.18% of 1549 companies
in the Chemicals industry
Industry Median: 0.7 vs SHSE:688035: 5.53

Darbond Technology Co Cash-to-Debt Historical Data

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

Darbond Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.57

4.67

1.15

14.47

5.62

Darbond Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial													17.09	5.62	3.70	4.72	5.53

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

For the Chemicals subindustry, Darbond 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.

Darbond Technology Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Darbond Technology Co's Cash-to-Debt distribution charts can be found below:

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

Darbond 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.

Darbond 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)
	=	708.681	/	(105.455	+	20.631)
	=	5.62

Darbond Technology Co'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)
	=	672.694	/	(117.596	+	3.991)
	=	5.53

Darbond Technology Co (SHSE:688035) 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.

Darbond Technology Co Cash-to-Debt Related Terms

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Darbond Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Darbond Technology Co Ltd (SHSE:688035) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 3-3, Kaifeng Road, Economic and Technological Development Zone, Shandong Province, Yantai, CHN, 265618

Website

http://www.darbond.com

Darbond Technology Co Ltd is engaged in the research and development of high-end electronic packaging materials. It is mainly engaged in electronic packaging materials, thermal conductive materials, conductive materials, wafer dicing films, thin film and other more than 400 kinds of products.

Executives

Jiang Yun

Core technical personnel

Darbond Technology Co Headlines

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