Zhejiang Crystal-OpTech Co (SZSE:002273) Cash-to-Debt : 14.83 (As of Dec. 2023)

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What is Zhejiang Crystal-OpTech 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. Zhejiang Crystal-OpTech Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.83.

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, Zhejiang Crystal-OpTech Co 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 Zhejiang Crystal-OpTech Co's Cash-to-Debt or its related term are showing as below:

SZSE:002273' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 10.48 Max: No Debt
Current: 14.83

During the past 13 years, Zhejiang Crystal-OpTech Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.44. And the median was 10.48.

SZSE:002273's Cash-to-Debt is ranked better than
81.34% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs SZSE:002273: 14.83

Zhejiang Crystal-OpTech Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Crystal-OpTech 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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Zhejiang Crystal-OpTech Co Cash-to-Debt Chart

Zhejiang Crystal-OpTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.91

6.14

28.17

15.82

14.83

Zhejiang Crystal-OpTech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															15.82	14.80	12.20	12.22	14.83

Competitive Comparison of Zhejiang Crystal-OpTech Co's Cash-to-Debt

For the Electronic Components subindustry, Zhejiang Crystal-OpTech 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.

Zhejiang Crystal-OpTech Co's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Zhejiang Crystal-OpTech Co's Cash-to-Debt falls into.

Zhejiang Crystal-OpTech 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.

Zhejiang Crystal-OpTech 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)
	=	2420.841	/	(138.31	+	24.934)
	=	14.83

Zhejiang Crystal-OpTech Co'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)
	=	2420.841	/	(138.31	+	24.934)
	=	14.83

Zhejiang Crystal-OpTech Co (SZSE:002273) 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.

Zhejiang Crystal-OpTech Co Cash-to-Debt Related Terms

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Zhejiang Crystal-OpTech Co (SZSE:002273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Crystal-OpTech Co Ltd (SZSE:002273) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower A5, Xingxing Electronic Industrial Zone, Jiaojiang District, Zhejiang, Taizhou, CHN, 318015

Website

http://www.crystal-optech.com

Zhejiang Crystal-OpTech Co Ltd is a China-based high-tech company. It is engaged in the research, development, manufacture, and sale of optoelectronic components. The main products of the company are applied to the digital camera, mobile phone camera, security monitoring camera, computer camera and other digital camera lenses, semiconductor illumination, micro projector, smart glasses, road traffic mark and safety protection. The company has the precise optical cold working technology, super-hard material optical process technology, precise optical film, semiconductor process, coating, and embedding core technologies.

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