China Resources Microelectronics (SHSE:688396) Cash-to-Debt : 8.77 (As of Mar. 2024)

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What is China Resources 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. China Resources Microelectronics's cash to debt ratio for the quarter that ended in Mar. 2024 was 8.77.

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, China Resources 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 China Resources Microelectronics's Cash-to-Debt or its related term are showing as below:

SHSE:688396' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 5.36 Max: 12.32
Current: 8.77

During the past 8 years, China Resources Microelectronics's highest Cash to Debt Ratio was 12.32. The lowest was 0.63. And the median was 5.36.

SHSE:688396's Cash-to-Debt is ranked better than
72.45% of 991 companies
in the Semiconductors industry
Industry Median: 1.78 vs SHSE:688396: 8.77

China Resources Microelectronics Cash-to-Debt Historical Data

The historical data trend for China Resources 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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China Resources Microelectronics Cash-to-Debt Chart

China Resources Microelectronics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.62

4.78

10.89

12.30

11.01

China Resources Microelectronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															8.25	7.33	5.36	11.01	8.77

Competitive Comparison of China Resources Microelectronics's Cash-to-Debt

For the Semiconductors subindustry, China Resources 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.

China Resources Microelectronics's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

China Resources 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.

China Resources 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)
	=	11798.529	/	(87.744	+	983.949)
	=	11.01

China Resources 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)
	=	9027.843	/	(956.722	+	72.851)
	=	8.77

China Resources Microelectronics (SHSE:688396) 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.

China Resources Microelectronics Cash-to-Debt Related Terms

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China Resources Microelectronics (SHSE:688396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Resources Microelectronics Ltd (SHSE:688396) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14, Liangxi Road, Jiangsu Province, Wuxi, CHN, 214061

Website

https://www.crmicro.com

China Resources Microelectronics Ltd is engaged in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as provides manufacturing services such as open wafer manufacturing, packaging, and testing. The company's product portfolio includes power components, MOSFET, IGBT, BJT and DIODES, Power IC, Power modules, Smart sensors, and intelligent controls.

Executives

Zhang Sen	Core technical personnel
You Yong	Core technical personnel
Wu Quan Qing	Core technical personnel
Luo Xian Cai	Core technical personnel
Ding Dong Min	Core technical personnel
Duan Jun	senior management
Li Hong	Directors, senior managers, core technical personn
Wu Jian Zhong	Core technical personnel
Xia Zhang Feng	Core technical personnel
Ma Wei Qing	Senior management, core technical personnel
Zhuang Heng Qian	senior management
Chun Yu Jiang Min	Core technical personnel
Wu Guo Yi	Directors, senior managers
Zheng Chen Yan	Core technical personnel
Li Ge	senior management

China Resources Microelectronics (SHSE:688396) Headlines

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