Tronics Microsystems (XPAR:ALTRO) Cash-to-Debt : 0.49 (As of Sep. 2023)

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What is Tronics Microsystems 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. Tronics Microsystems's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.49.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tronics Microsystems couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XPAR:ALTRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 2.48
Current: 0.49

During the past 11 years, Tronics Microsystems's highest Cash to Debt Ratio was 2.48. The lowest was 0.01. And the median was 0.16.

XPAR:ALTRO's Cash-to-Debt is ranked worse than
75.5% of 992 companies
in the Semiconductors industry
Industry Median: 1.765 vs XPAR:ALTRO: 0.49

Tronics Microsystems Cash-to-Debt Historical Data

The historical data trend for Tronics Microsystems'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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Tronics Microsystems Cash-to-Debt Chart

Tronics Microsystems Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.07

0.16

0.08

0.06

0.01

Tronics Microsystems Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.06	0.04	0.01	0.49

Competitive Comparison of Tronics Microsystems's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Tronics Microsystems'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.

Tronics Microsystems's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Tronics Microsystems 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.

Tronics Microsystems's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.137	/	(18.584	+	1.164)
	=	0.01

Tronics Microsystems's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	13.534	/	(26.908	+	0.97)
	=	0.49

Tronics Microsystems (XPAR:ALTRO) 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.

Tronics Microsystems Cash-to-Debt Related Terms

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Tronics Microsystems (XPAR:ALTRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tronics Microsystems (XPAR:ALTRO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

98 rue du Pré de l’Horme, Crolles, Cedex, FRA, 38926

Website

http://www.tronicsgroup.com

Tronics Microsystems is a MEMS manufacturer. The company manufactures accelerometers, gyroscopes, micropumps, pressure sensors, switches, biodetectors, and other MEMS, as well as providing MEMS foundry and wafer fab manufacturing solutions. The products of the company are used in the aviation sector, medical sector, and oil & gas sector.

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