Smart Radar System (XKRX:424960) Cash-to-Debt : 6.65 (As of Dec. 2023)

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What is Smart Radar System 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. Smart Radar System's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.65.

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, Smart Radar System 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 Smart Radar System's Cash-to-Debt or its related term are showing as below:

XKRX:424960' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.26 Med: 4.12 Max: 6.65
Current: 6.65

During the past 4 years, Smart Radar System's highest Cash to Debt Ratio was 6.65. The lowest was 2.26. And the median was 4.12.

XKRX:424960's Cash-to-Debt is ranked better than
73.96% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs XKRX:424960: 6.65

Smart Radar System Cash-to-Debt Historical Data

The historical data trend for Smart Radar System'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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Smart Radar System Cash-to-Debt Chart

Smart Radar System Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

3.88

4.37

2.26

6.65

Smart Radar System Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	2.26	1.97	6.95	6.65

Competitive Comparison of Smart Radar System's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Smart Radar System'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.

Smart Radar System's Cash-to-Debt Distribution in the Hardware Industry

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

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

Smart Radar System 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.

Smart Radar System'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)
	=	19242.591	/	(2796.568	+	97.288)
	=	6.65

Smart Radar System'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)
	=	19242.591	/	(2796.568	+	97.288)
	=	6.65

Smart Radar System (XKRX:424960) 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.

Smart Radar System Cash-to-Debt Related Terms

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Smart Radar System (XKRX:424960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart Radar System Inc (XKRX:424960) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

925beon-gil, 3F Fine Digital, 41, Seongnam-daero, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13496

Website

https://www.smartradarsystem.com

Smart Radar System Inc is a company developing radar solutions for autonomous cars and industrial applications. They provide RF antenna design, hardware module fabrication, radar signal processing algorithms and software APIs. It offers products such as RETINA-4FN, RETINA-4SN and IRISc-03A which are 4D Imaging Radars, Single chip Radars.

Smart Radar System (XKRX:424960) Headlines

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