Ite Tech (TPE:3014) Cash-to-Debt : 48.61 (As of Dec. 2024)

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What is Ite 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. Ite Tech's cash to debt ratio for the quarter that ended in Dec. 2024 was 48.61.

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, Ite 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 Ite Tech's Cash-to-Debt or its related term are showing as below:

TPE:3014' s Cash-to-Debt Range Over the Past 10 Years
Min: 27.5 Med: 46.54 Max: No Debt
Current: 48.61

During the past 13 years, Ite Tech's highest Cash to Debt Ratio was No Debt. The lowest was 27.50. And the median was 46.54.

TPE:3014's Cash-to-Debt is ranked better than
84.44% of 1009 companies
in the Semiconductors industry
Industry Median: 1.83 vs TPE:3014: 48.61

Ite Tech Cash-to-Debt Historical Data

The historical data trend for Ite 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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Ite Tech Cash-to-Debt Chart

Ite Tech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

Get a 7-Day Free Trial

32.88

37.43

27.99

44.47

48.61

Ite 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															44.47	52.04	56.65	40.77	48.61

Competitive Comparison of Ite Tech's Cash-to-Debt

For the Semiconductors subindustry, Ite 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.

Ite Tech's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

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Ite 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.

Ite 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)
	=	4268.896	/	(7.758	+	80.059)
	=	48.61

Ite 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)
	=	4268.896	/	(7.758	+	80.059)
	=	48.61

Ite Tech (TPE:3014) 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.

Ite Tech Cash-to-Debt Related Terms

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Ite Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ite Tech Inc (TPE:3014) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 13, Innovation Road I, 3rd Floor, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.ite.com.tw

Ite Tech Inc is a fabless integrated circuit (IC) design house. The company principally develops, manufactures, and markets integrated circuits. Its product offerings include Super I/O control (SIO) ICs for desktop computers, embedded control (EC) ICs for notebook computers, high-speed audio-video interface related ICs, system on a chip (SoC) and other customized application chips.

Ite Tech Headlines

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