POET Technologies (STU:RI4A) Cash-to-Debt : 7.50 (As of Mar. 2024)

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What is POET Technologies 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. POET Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.50.

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, POET Technologies 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 POET Technologies's Cash-to-Debt or its related term are showing as below:

STU:RI4A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 5027.28 Max: No Debt
Current: 7.52

During the past 13 years, POET Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was 5027.28.

STU:RI4A's Cash-to-Debt is ranked better than
69.37% of 937 companies
in the Semiconductors industry
Industry Median: 1.88 vs STU:RI4A: 7.52

POET Technologies Cash-to-Debt Historical Data

The historical data trend for POET Technologies'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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POET Technologies Cash-to-Debt Chart

POET Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.43

1.68

54.50

29.94

5.57

POET Technologies 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															40.34	17.57	10.46	5.57	7.50

Competitive Comparison of POET Technologies's Cash-to-Debt

For the Semiconductors subindustry, POET Technologies'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.

POET Technologies's Cash-to-Debt Distribution in the Semiconductors Industry

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

* The bar in red indicates where POET Technologies's Cash-to-Debt falls into.

POET Technologies 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.

POET Technologies'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)
	=	2.768	/	(0.215	+	0.282)
	=	5.57

POET Technologies'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)
	=	3.159	/	(0.186	+	0.235)
	=	7.50

POET Technologies (STU:RI4A) 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.

POET Technologies Cash-to-Debt Related Terms

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POET Technologies (STU:RI4A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » POET Technologies Inc (STU:RI4A) » Definitions » Cash-to-Debt

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POET:USA PTK:Canada

Address

120 Eglinton Avenue East, Suite 1107, Toronto, ON, CAN, M4P 1E2

Website

https://www.poet-technologies.com

POET Technologies Inc offers integration solutions based on the POET Optical Interposer, a novel platform for the seamless integration of electronic and photonic devices into a single module using advanced wafer-level manufacturing techniques and packaging methods. The company operates in a single segment of design, manufacture, and sale of semiconductor products and services for commercial applications. Its products have applications in Data Centers, Telecommunications, the Internet of Things & Industrial Sensing, Automotive LIDAR, and On-Board Optics. Its geographical segments are Asia, the United States, and Canada.

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