Great Microwave Technology Co (SHSE:688270) Cash-to-Debt : 1,284.47 (As of Mar. 2024)

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What is Great Microwave 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. Great Microwave Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1,284.47.

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

SHSE:688270' s Cash-to-Debt Range Over the Past 10 Years
Min: 146.26 Med: 6376.7 Max: No Debt
Current: 1284.47

During the past 6 years, Great Microwave Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 146.26. And the median was 6376.70.

SHSE:688270's Cash-to-Debt is ranked better than
96.45% of 985 companies
in the Semiconductors industry
Industry Median: 1.84 vs SHSE:688270: 1284.47

Great Microwave Technology Co Cash-to-Debt Historical Data

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

Great Microwave Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

146.26

No Debt

2,460.80

2,087.92

Great Microwave Technology Co Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial													2,368.05	1,451.24	2,077.29	2,087.92	1,284.47

Competitive Comparison of Great Microwave Technology Co's Cash-to-Debt

For the Semiconductors subindustry, Great Microwave 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.

Great Microwave Technology Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Great Microwave Technology Co's Cash-to-Debt distribution charts can be found below:

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

Great Microwave 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.

Great Microwave 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)
	=	1593.084	/	(0.551	+	0.212)
	=	2,087.92

Great Microwave Technology Co'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)
	=	1518.238	/	(0.547	+	0.635)
	=	1,284.47

Great Microwave Technology Co (SHSE:688270) 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.

Great Microwave Technology Co Cash-to-Debt Related Terms

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Great Microwave Technology Co (SHSE:688270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Great Microwave Technology Co Ltd (SHSE:688270) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Xiyuan 3rd Road, Room 502, Building 5, Sandun Town, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

http://www.greatmicrowave.com

Great Microwave Technology Co Ltd is engaged in the research and development, production and sales of integrated circuit chips and microsystems.

Executives

Li Guo Ru	Core technical personnel
Yu Fa Xin	Director, core technical staff

Great Microwave Technology Co (SHSE:688270) Headlines

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