Welltend Technology (TPE:3021) Cash-to-Debt : 1.22 (As of Sep. 2024)

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What is Welltend Technology 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. Welltend Technology's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.22.

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, Welltend Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TPE:3021' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: 1.13 Max: 1.54
Current: 1.22

During the past 13 years, Welltend Technology's highest Cash to Debt Ratio was 1.54. The lowest was 0.56. And the median was 1.13.

TPE:3021's Cash-to-Debt is ranked worse than
51.04% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs TPE:3021: 1.22

Welltend Technology Cash-to-Debt Historical Data

The historical data trend for Welltend Technology'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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Welltend Technology Cash-to-Debt Chart

Welltend Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.13

0.83

0.62

0.74

1.17

Welltend Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.07	1.17	1.18	1.29	1.22

Competitive Comparison of Welltend Technology's Cash-to-Debt

For the Computer Hardware subindustry, Welltend Technology'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.

Welltend Technology's Cash-to-Debt Distribution in the Hardware Industry

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

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

Welltend Technology 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.

Welltend Technology'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)
	=	864.209	/	(721.699	+	19.164)
	=	1.17

Welltend Technology's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	997.537	/	(797.473	+	21.66)
	=	1.22

Welltend Technology (TPE:3021) 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.

Welltend Technology Cash-to-Debt Related Terms

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Welltend Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Welltend Technology Corp (TPE:3021) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6F, No.59, Dongxing Road, Taipei, TWN

Website

https://www.welltend.com.tw

Welltend Technology Corp is mainly engaged in the research and development, production and sales of computers, home appliances, automobiles, business-related parts, and components. The Group is divided into two operating segments: Information Service Department and the Wire & Connectors Department. The main business of the Information Service Department is the integrated planning and implementation of information systems and consulting services. The main business of the Wire & Connectors Department is the production and sale of computer peripherals, smart home appliances, communication equipment, and game consoles. The company generates the majority of its revenue from the Wire & Connectors. Geographically the company generates revenue from Thailand, Mailand china, Taiwan, and Philippines.

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