V Technology Co (V Technology Co) Cash-to-Debt : 1.08 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is V Technology 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. V Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.08.

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, V Technology Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

VCHYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.04 Med: 1.76 Max: 4.84
Current: 1.12

During the past 13 years, V Technology Co's highest Cash to Debt Ratio was 4.84. The lowest was 1.04. And the median was 1.76.

VCHYF's Cash-to-Debt is ranked worse than
54.26% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs VCHYF: 1.12

V Technology Co Cash-to-Debt Historical Data

The historical data trend for V Technology 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.

* Premium members only.

V Technology Co Cash-to-Debt Chart

V Technology Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

1.04

2.10

2.06

1.46

1.12

V Technology 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															1.46	1.36	1.36	1.08	1.12

Competitive Comparison of V Technology Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, V Technology 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.

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

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

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

V Technology 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.

V Technology Co's Cash to Debt Ratio for the fiscal year 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)
	=	154.16	/	(65.973	+	71.233)
	=	1.12

V Technology Co's Cash to Debt Ratio for the quarter 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)
	=	161.847	/	(71.016	+	78.85)
	=	1.08

V Technology Co (OTCPK:VCHYF) 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.

V Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of V Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

V Technology Co (V Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » V Technology Co Ltd (OTCPK:VCHYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7717:Japan

Address

YBP East Tower 9F, 134 Godo-cho, Hodogaya-ku, Yokohama, JPN, 240-00005

Website

http://www.vtec.co.jp

V Technology Co Ltd is in the business of development, manufacturing marketing and service of the manufacturing system, inspection system, measurement system, macro inspection system and also flat panel display industry. The company is also engaged in development and sales of the systems for solar cell and liquid emitting displays manufacturing. Its products include smart phones, game consoles, inspection system, and laser scriber.

V Technology Co (V Technology Co) Headlines

No Headlines