WT Microelectronics Co (TPE:3036) Cash-to-Debt : 1.17 (As of Mar. 2024)

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What is WT Microelectronics 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. WT Microelectronics Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.17.

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, WT Microelectronics Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TPE:3036' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.14 Max: 1.17
Current: 1.17

During the past 13 years, WT Microelectronics Co's highest Cash to Debt Ratio was 1.17. The lowest was 0.08. And the median was 0.14.

TPE:3036's Cash-to-Debt is ranked worse than
53.46% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs TPE:3036: 1.17

WT Microelectronics Co Cash-to-Debt Historical Data

The historical data trend for WT Microelectronics 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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WT Microelectronics Co Cash-to-Debt Chart

WT Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.16

0.11

0.09

0.71

WT Microelectronics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.16	0.22	0.71	1.17

Competitive Comparison of WT Microelectronics Co's Cash-to-Debt

For the Electronic Components subindustry, WT Microelectronics 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.

WT Microelectronics Co's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where WT Microelectronics Co's Cash-to-Debt falls into.

WT Microelectronics 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.

WT Microelectronics 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)
	=	23895.924	/	(20500.594	+	13122.346)
	=	0.71

WT Microelectronics Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	55971.768	/	(27639.072	+	20192.496)
	=	1.17

WT Microelectronics Co (TPE:3036) 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.

WT Microelectronics Co Cash-to-Debt Related Terms

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WT Microelectronics Co (TPE:3036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » WT Microelectronics Co Ltd (TPE:3036) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3036A.PFD:Taiwan

Address

No. 738, Zhongzheng Road, 235th Floor, Zhonghe District, New Taipei, TWN, 235

Website

https://www.wtmec.com

WT Microelectronics Co Ltd develops and sells electronic and communication components. Supply chain management services are offered to vendors and customers primarily in China, but the company does contract business from other Asia Pacific countries. The majority of revenue is derived from clients in the communication, computing, and consumer markets. The company depends on a host of marketing and sales channels to help deliver value-add technical support, explore component application opportunities, and facilitate product development timelines. WT Microelectronics aims to co-define the product marketing strategy with upstream vendors and reduce the research and development pipeline for downstream clients.

WT Microelectronics Co (TPE:3036) Headlines

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