Hangzhou SDIC Microelectronics (SHSE:688130) Cash-to-Debt : 207.84 (As of Mar. 2024)

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What is Hangzhou SDIC Microelectronics 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. Hangzhou SDIC Microelectronics's cash to debt ratio for the quarter that ended in Mar. 2024 was 207.84.

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, Hangzhou SDIC Microelectronics could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Hangzhou SDIC Microelectronics's Cash-to-Debt or its related term are showing as below:

SHSE:688130' s Cash-to-Debt Range Over the Past 10 Years
Min: 23.5 Med: 379.6 Max: No Debt
Current: 207.84

During the past 6 years, Hangzhou SDIC Microelectronics's highest Cash to Debt Ratio was No Debt. The lowest was 23.50. And the median was 379.60.

SHSE:688130's Cash-to-Debt is ranked better than
92.54% of 992 companies
in the Semiconductors industry
Industry Median: 1.765 vs SHSE:688130: 207.84

Hangzhou SDIC Microelectronics Cash-to-Debt Historical Data

The historical data trend for Hangzhou SDIC Microelectronics'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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Hangzhou SDIC Microelectronics Cash-to-Debt Chart

Hangzhou SDIC Microelectronics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

23.50

70.82

361.00

628.94

Hangzhou SDIC Microelectronics Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											398.19	456.55	549.59	628.94	207.84

Competitive Comparison of Hangzhou SDIC Microelectronics's Cash-to-Debt

For the Semiconductors subindustry, Hangzhou SDIC Microelectronics'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.

Hangzhou SDIC Microelectronics's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou SDIC Microelectronics's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hangzhou SDIC Microelectronics's Cash-to-Debt falls into.

Hangzhou SDIC Microelectronics 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.

Hangzhou SDIC Microelectronics'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)
	=	977.373	/	(1.237	+	0.317)
	=	628.94

Hangzhou SDIC Microelectronics's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	972.254	/	(2.665	+	2.013)
	=	207.84

Hangzhou SDIC Microelectronics (SHSE:688130) 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.

Hangzhou SDIC Microelectronics Cash-to-Debt Related Terms

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Hangzhou SDIC Microelectronics (SHSE:688130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou SDIC Microelectronics Inc (SHSE:688130) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 351, Changhe Road, Changhe Street, Room 501, Block A, 5th Floor, Building 4, Binjiang District, Zhejiang Provinc, Hangzhou, CHN, 310052

Website

https://www.sdicmicro.cn

Hangzhou SDIC Microelectronics Inc is engaged in the research and development and sales of high-performance analog and digital-analog hybrid integrated circuits.

Hangzhou SDIC Microelectronics (SHSE:688130) Headlines

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