Nanya New Material Technology Co (SHSE:688519) Cash-to-Debt : 1.67 (As of Sep. 2024)

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What is Nanya New Material 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. Nanya New Material Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.67.

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

SHSE:688519' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 1.2 Max: 16.39
Current: 1.67

During the past 13 years, Nanya New Material Technology Co's highest Cash to Debt Ratio was 16.39. The lowest was 0.20. And the median was 1.20.

SHSE:688519's Cash-to-Debt is ranked better than
53.87% of 2443 companies
in the Hardware industry
Industry Median: 1.31 vs SHSE:688519: 1.67

Nanya New Material Technology Co Cash-to-Debt Historical Data

The historical data trend for Nanya New Material 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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Nanya New Material Technology Co Cash-to-Debt Chart

Nanya New Material Technology Co Annual Data

Trend

Dec10

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.43

11.83

3.63

1.79

1.20

Nanya New Material Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.12	1.20	1.02	1.19	1.67

Competitive Comparison of Nanya New Material Technology Co's Cash-to-Debt

For the Electronic Components subindustry, Nanya New Material 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.

Nanya New Material Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nanya New Material Technology Co's Cash-to-Debt distribution charts can be found below:

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

Nanya New Material 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.

Nanya New Material 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)
	=	536.146	/	(440.283	+	6.231)
	=	1.20

Nanya New Material 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)
	=	571.553	/	(328.532	+	14.202)
	=	1.67

Nanya New Material Technology Co (SHSE:688519) 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.

Nanya New Material Technology Co Cash-to-Debt Related Terms

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Nanya New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanya New Material Technology Co Ltd (SHSE:688519) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 158, Changxiang Road, Nanxiang Town, Jiading District, Shanghai, CHN, 201802

Website

http://www.ccl-china.com

Nanya New Material Technology Co Ltd is engaged in design, development, production and sales of electronic circuit substrates. The company specializes in the production of copper clad foil in China, producing medium and high grade fr-4 epoxy glass fiber cloth copper clad foil laminate, as well as core boards and bonding sheets required for multilayer printed circuit boards. Its products categories include Microwave & RF; High Speed Circuit High Speed Circuit (Very Low Loss); High Speed Circuit (Low Loss); High Speed Circuit(Mid-loss); Automotive; HDI; Halogen-free &Low CTE; Halogen-free &High CTI; Lead Free Compatible; and Conventional. Its products are used in aerospace, automotive electronics, IoT, communication equipment, smart home, industrial control and consumer electronics.

Executives

Chen Xiao Dong	Supervisors
Bao Xin Yang	senior management
Zhang Dong	Directors, senior managers
Geng Hong Bin	Director
Jin Jian Zhong	Supervisors

Nanya New Material Technology Co Headlines

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