PlayNitride (TPE:6854) Cash-to-Debt : 29.63 (As of Jun. 2024)

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What is PlayNitride 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. PlayNitride's cash to debt ratio for the quarter that ended in Jun. 2024 was 29.63.

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, PlayNitride could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

TPE:6854' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.29 Med: 15.81 Max: 29.63
Current: 29.63

During the past 5 years, PlayNitride's highest Cash to Debt Ratio was 29.63. The lowest was 11.29. And the median was 15.81.

TPE:6854's Cash-to-Debt is ranked better than
86.58% of 2459 companies
in the Hardware industry
Industry Median: 1.31 vs TPE:6854: 29.63

PlayNitride Cash-to-Debt Historical Data

The historical data trend for PlayNitride'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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PlayNitride Cash-to-Debt Chart

PlayNitride Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

13.33

11.83

19.19

15.89

PlayNitride Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial											14.62	15.72	15.89	27.13	29.63

Competitive Comparison of PlayNitride's Cash-to-Debt

For the Electronic Components subindustry, PlayNitride'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.

PlayNitride's Cash-to-Debt Distribution in the Hardware Industry

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

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

PlayNitride 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.

PlayNitride'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)
	=	958.538	/	(44.611	+	15.702)
	=	15.89

PlayNitride's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1004.748	/	(24.155	+	9.754)
	=	29.63

PlayNitride (TPE:6854) 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.

PlayNitride Cash-to-Debt Related Terms

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PlayNitride Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » PlayNitride Inc (TPE:6854) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.13, Kezhong Road, Zhunan Township, Miaoli County, TWN, 350401

Website

https://www.playnitride.com

PlayNitride Inc is engaged mainly in the research, development, design, manufacture and sale of Micro LEDs, modules, panels, and related products, and the licensing of innovative technologies. The company's geographical presence in Taiwan, Korea and Other countries.

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