Elite Semiconductor Microelectronics Tech (TPE:3006) Cash-to-Debt : 1.14 (As of Dec. 2024)

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What is Elite Semiconductor Microelectronics Tech 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. Elite Semiconductor Microelectronics Tech's cash to debt ratio for the quarter that ended in Dec. 2024 was 1.14.

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, Elite Semiconductor Microelectronics Tech could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

TPE:3006' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.1 Med: 5.19 Max: 12064.18
Current: 1.14

During the past 13 years, Elite Semiconductor Microelectronics Tech's highest Cash to Debt Ratio was 12064.18. The lowest was 1.10. And the median was 5.19.

TPE:3006's Cash-to-Debt is ranked worse than
57.58% of 1009 companies
in the Semiconductors industry
Industry Median: 1.83 vs TPE:3006: 1.14

Elite Semiconductor Microelectronics Tech Cash-to-Debt Historical Data

The historical data trend for Elite Semiconductor Microelectronics Tech'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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Elite Semiconductor Microelectronics Tech Cash-to-Debt Chart

Elite Semiconductor Microelectronics Tech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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2.61

5.77

1.28

1.10

1.14

Elite Semiconductor Microelectronics Tech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															1.10	1.20	1.22	1.06	1.14

Competitive Comparison of Elite Semiconductor Microelectronics Tech's Cash-to-Debt

For the Semiconductors subindustry, Elite Semiconductor Microelectronics Tech'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.

Elite Semiconductor Microelectronics Tech's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Elite Semiconductor Microelectronics Tech's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Elite Semiconductor Microelectronics Tech's Cash-to-Debt falls into.

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Elite Semiconductor Microelectronics Tech 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.

Elite Semiconductor Microelectronics Tech's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	4487.663	/	(1854.457	+	2099.506)
	=	1.13

Elite Semiconductor Microelectronics Tech's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	4487.663	/	(1854.457	+	2099.506)
	=	1.13

Elite Semiconductor Microelectronics Tech (TPE:3006) 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.

Elite Semiconductor Microelectronics Tech Cash-to-Debt Related Terms

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Elite Semiconductor Microelectronics Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Elite Semiconductor Microelectronics Tech Inc (TPE:3006) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

Number 23, Industry E. Road IV, Science-Base Park, Hsinchu, TWN, 30077

Website

https://www.esmt.com.tw

Elite Semiconductor Microelectronics Tech Inc is a Taiwan-based company engaged in the design of memory-integrated circuit boards. The company generates part of its revenue domestically, with the majority of revenue earned in the Asia region outside Taiwan. The company designs, manufactures, markets, and produces dynamic random-access memory, static random-access memory, and flash memory. Products are used in applications such as personal computer storage, portable electronic devices, communication devices, mobile phones, and servers.

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