GEM Services (TPE:6525) Cash-to-Debt : 67.46 (As of Mar. 2024)

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What is GEM Services 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. GEM Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 67.46.

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

TPE:6525' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.61 Med: 56.21 Max: No Debt
Current: 67.46

During the past 11 years, GEM Services's highest Cash to Debt Ratio was No Debt. The lowest was 9.61. And the median was 56.21.

TPE:6525's Cash-to-Debt is ranked better than
87.6% of 992 companies
in the Semiconductors industry
Industry Median: 1.775 vs TPE:6525: 67.46

GEM Services Cash-to-Debt Historical Data

The historical data trend for GEM Services'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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GEM Services Cash-to-Debt Chart

GEM Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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39.15

60.22

17.84

29.08

47.68

GEM Services 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															33.64	30.73	32.82	47.68	67.46

Competitive Comparison of GEM Services's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, GEM Services'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.

GEM Services's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

GEM Services 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.

GEM Services'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)
	=	1731.493	/	(30.832	+	5.481)
	=	47.68

GEM Services'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)
	=	2007.565	/	(24.713	+	5.046)
	=	67.46

GEM Services (TPE:6525) 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.

GEM Services Cash-to-Debt Related Terms

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GEM Services (TPE:6525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GEM Services Inc (TPE:6525) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Harbour Place, PO Box 472, 2nd Floor, Grand Cayman, CYM, 1106

Website

https://www.gemservices.com

GEM Services Inc is a power semiconductor packaging and testing services provider. Its products are used in consumer electronics, communication devices, computing, industrial and automotive applications. The company's portfolio of services covers packaging development, wafer processing, assembling services, electrical tests, logistic services, and reliability testing. Geographically company mainly operates in two regions that are Taiwan and China where it generates the majority of its revenue from Taiwan.

GEM Services (TPE:6525) Headlines

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