Pan Jit International (TPE:2481) Cash-to-Debt : 0.61 (As of Dec. 2023)

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What is Pan Jit International 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. Pan Jit International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.61.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Pan Jit International couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TPE:2481' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.35 Max: 0.74
Current: 0.61

During the past 13 years, Pan Jit International's highest Cash to Debt Ratio was 0.74. The lowest was 0.10. And the median was 0.35.

TPE:2481's Cash-to-Debt is ranked worse than
72.26% of 995 companies
in the Semiconductors industry
Industry Median: 1.79 vs TPE:2481: 0.61

Pan Jit International Cash-to-Debt Historical Data

The historical data trend for Pan Jit International'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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Pan Jit International Cash-to-Debt Chart

Pan Jit International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.40

0.47

0.74

0.59

0.61

Pan Jit International 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															0.59	0.53	0.51	0.52	0.61

Competitive Comparison of Pan Jit International's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Pan Jit International'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.

Pan Jit International's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Pan Jit International 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.

Pan Jit International'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)
	=	6402.67	/	(3884.178	+	6623.923)
	=	0.61

Pan Jit International'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)
	=	6402.67	/	(3884.178	+	6623.923)
	=	0.61

Pan Jit International (TPE:2481) 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.

Pan Jit International Cash-to-Debt Related Terms

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Pan Jit International (TPE:2481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Pan Jit International Inc (TPE:2481) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24, Gangshan North Road, Gangshan District, Kaohsiung, TWN, 820

Website

https://www.panjit.com.tw

Pan Jit International Inc is engaged in the manufacturing, processing, assembly, and import and export of semiconductors. The company also assembles, trades, and transfers technological advancements of machinery parts, and it also trades resins and paints for semiconductors. The company's product portfolio includes MOSFET, Schottky, SiC Devices, Diode Rectifiers, Protection Devices, Bipolar Junction Transistors, and Bridges.

Pan Jit International (TPE:2481) Headlines

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