Suzhou QingYue Optoelectronics Technology Co (SHSE:688496) Cash-to-Debt : 0.80 (As of Sep. 2024)

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What is Suzhou QingYue Optoelectronics 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. Suzhou QingYue Optoelectronics Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.80.

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, Suzhou QingYue Optoelectronics Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Suzhou QingYue Optoelectronics Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:688496' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.86 Max: 4.37
Current: 0.8

During the past 6 years, Suzhou QingYue Optoelectronics Technology Co's highest Cash to Debt Ratio was 4.37. The lowest was 0.20. And the median was 0.86.

SHSE:688496's Cash-to-Debt is ranked worse than
60.86% of 2445 companies
in the Hardware industry
Industry Median: 1.36 vs SHSE:688496: 0.80

Suzhou QingYue Optoelectronics Technology Co Cash-to-Debt Historical Data

The historical data trend for Suzhou QingYue Optoelectronics 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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Suzhou QingYue Optoelectronics Technology Co Cash-to-Debt Chart

Suzhou QingYue Optoelectronics Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.69

0.63

0.28

1.34

1.01

Suzhou QingYue Optoelectronics Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial												0.87	1.01	0.88	0.86	0.80

Competitive Comparison of Suzhou QingYue Optoelectronics Technology Co's Cash-to-Debt

For the Electronic Components subindustry, Suzhou QingYue Optoelectronics 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.

Suzhou QingYue Optoelectronics Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Suzhou QingYue Optoelectronics Technology Co's Cash-to-Debt distribution charts can be found below:

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

Suzhou QingYue Optoelectronics 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.

Suzhou QingYue Optoelectronics 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)
	=	504.208	/	(361.467	+	136.893)
	=	1.01

Suzhou QingYue Optoelectronics 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)
	=	332.239	/	(286.14	+	128.33)
	=	0.80

Suzhou QingYue Optoelectronics Technology Co (SHSE:688496) 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.

Suzhou QingYue Optoelectronics Technology Co Cash-to-Debt Related Terms

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Suzhou QingYue Optoelectronics Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou QingYue Optoelectronics Technology Co Ltd (SHSE:688496) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 188, Chenfeng Road, High-tech Zone, Jiangsu Province, Kunshan, CHN, 215300

Website

http://www.qingyue-tech.com

Suzhou QingYue Optoelectronics Technology Co Ltd is a high-tech enterprise specializing in independent research and development, large-scale production, and marketing of OLED and other display devices. It focuses on new display solutions such as PMOLED, silicon-based OLED, and electronic paper. The products are widely used in smart home, smart wear, industrial control instruments, medical equipment, financial communication and other fields.

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