Silynxcom (Silynxcom) Cash-to-Debt : 1.20 (As of Dec. 2023)

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What is Silynxcom 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. Silynxcom's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.20.

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, Silynxcom could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Silynxcom's Cash-to-Debt or its related term are showing as below:

SYNX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.97 Max: 1.2
Current: 1.2

During the past 3 years, Silynxcom's highest Cash to Debt Ratio was 1.20. The lowest was 0.15. And the median was 0.97.

SYNX's Cash-to-Debt is ranked worse than
52.38% of 2478 companies
in the Hardware industry
Industry Median: 1.32 vs SYNX: 1.20

Silynxcom Cash-to-Debt Historical Data

The historical data trend for Silynxcom'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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Silynxcom Cash-to-Debt Chart

Silynxcom Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.97

0.15

1.20

Silynxcom Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	0.97	N/A	0.15	1.28	1.20

Competitive Comparison of Silynxcom's Cash-to-Debt

For the Communication Equipment subindustry, Silynxcom'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.

Silynxcom's Cash-to-Debt Distribution in the Hardware Industry

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

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

Silynxcom 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.

Silynxcom'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)
	=	0.597	/	(0.439	+	0.059)
	=	1.20

Silynxcom's Cash to Debt Ratio for the quarter 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)
	=	0.597	/	(0.439	+	0.059)
	=	1.20

Silynxcom (AMEX:SYNX) 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.

Silynxcom Cash-to-Debt Related Terms

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Silynxcom (Silynxcom) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silynxcom Ltd (AMEX:SYNX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Yad Ha’Harutzim Street, Netanya, ISR, 4250519

Website

https://www.silynxcom.com

Silynxcom Ltd is engaged in developing, manufacturing, marketing and selling ruggedized Personal Headset Devices as well as other communications accessories, all of which have been battlefield-tested and combat-proven. It specializes in developing the In-Ear Headset device, a subsegment of the Personal Headset Device market. The In-Ear Headset device is used in both in training and operations by the military, law enforcement, and disaster recovery industry professionals. It also develops, market and sell push-to-talk devices, communication controllers, and communication device cables and connectors.

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