Ferrotec (An Hui) Technology Development Co (SZSE:301297) Cash-to-Debt : 72.79 (As of Jun. 2024)

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What is Ferrotec (An Hui) Technology Development 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. Ferrotec (An Hui) Technology Development Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 72.79.

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, Ferrotec (An Hui) Technology Development Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Ferrotec (An Hui) Technology Development Co's Cash-to-Debt or its related term are showing as below:

SZSE:301297' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 13.52 Max: 87.89
Current: 72.79

During the past 6 years, Ferrotec (An Hui) Technology Development Co's highest Cash to Debt Ratio was 87.89. The lowest was 0.30. And the median was 13.52.

SZSE:301297's Cash-to-Debt is ranked better than
87.92% of 1002 companies
in the Semiconductors industry
Industry Median: 1.7 vs SZSE:301297: 72.79

Ferrotec (An Hui) Technology Development Co Cash-to-Debt Historical Data

The historical data trend for Ferrotec (An Hui) Technology Development 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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Ferrotec (An Hui) Technology Development Co Cash-to-Debt Chart

Ferrotec (An Hui) Technology Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

34.37

1.27

7.39

87.89

Ferrotec (An Hui) Technology Development Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial											11.30	15.75	87.89	65.29	72.79

Competitive Comparison of Ferrotec (An Hui) Technology Development Co's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Ferrotec (An Hui) Technology Development 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.

Ferrotec (An Hui) Technology Development Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ferrotec (An Hui) Technology Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ferrotec (An Hui) Technology Development Co's Cash-to-Debt falls into.

Ferrotec (An Hui) Technology Development 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.

Ferrotec (An Hui) Technology Development 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)
	=	592.36	/	(3.416	+	3.324)
	=	87.89

Ferrotec (An Hui) Technology Development Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	615.696	/	(4.46	+	3.999)
	=	72.79

Ferrotec (An Hui) Technology Development Co (SZSE:301297) 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.

Ferrotec (An Hui) Technology Development Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ferrotec (An Hui) Technology Development Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ferrotec (An Hui) Technology Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ferrotec (An Hui) Technology Development Co Ltd (SZSE:301297) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 18, Nanhai Road, Jinqiao Economic Development Zone, Shun'an Town, Yi'an District, Anhui Province, Tongling, CHN, 244151

Website

http://www.ftvas.com

Ferrotec (An Hui) Technology Development Co Ltd is a precision cleaning service provider for equipment in the field of semiconductors, focusing on providing one-stop equipment precision cleaning for manufacturers in the two major fields of semiconductors and display panels services, providing integrated cleaning and regeneration solutions for customers' production equipment pollution control.

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