Cicor Technologies (XSWX:CICN) Cash-to-Debt : 0.57 (As of Dec. 2023)

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What is Cicor Technologies 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. Cicor Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.57.

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, Cicor Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XSWX:CICN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 0.57 Max: 0.76
Current: 0.57

During the past 13 years, Cicor Technologies's highest Cash to Debt Ratio was 0.76. The lowest was 0.45. And the median was 0.57.

XSWX:CICN's Cash-to-Debt is ranked worse than
70.18% of 2337 companies
in the Hardware industry
Industry Median: 1.34 vs XSWX:CICN: 0.57

Cicor Technologies Cash-to-Debt Historical Data

The historical data trend for Cicor Technologies'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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Cicor Technologies Cash-to-Debt Chart

Cicor Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.67

0.76

0.53

0.63

0.57

Cicor Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.53	No Debt	0.63	No Debt	0.57

Competitive Comparison of Cicor Technologies's Cash-to-Debt

For the Electronic Components subindustry, Cicor Technologies'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.

Cicor Technologies's Cash-to-Debt Distribution in the Hardware Industry

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

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

Cicor Technologies 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.

Cicor Technologies'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)
	=	57.851	/	(16.707	+	84.628)
	=	0.57

Cicor Technologies'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)
	=	57.851	/	(16.707	+	84.628)
	=	0.57

Cicor Technologies (XSWX:CICN) 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.

Cicor Technologies Cash-to-Debt Related Terms

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

Cicor Technologies (XSWX:CICN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cicor Technologies Ltd (XSWX:CICN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CICNz:UK

Address

c/o Cicor Management AG, Gebenloostrasse 15, Bronschhofen, CHE, 9552

Website

https://www.cicor.com

Cicor Technologies Ltd is engaged in the manufacturing of printed circuit boards, high-density interconnect, thin and thick film, radio frequency boards, quick turn prototypes, micro-assembly, packaging, and outsourcing of electronic modules and component groups. The company's products are used by medical technology, automotive, semiconductor, aerospace and defense, telecommunications, and watch industries. The business operates through segments are Electronic Manufacturing Services (EMS), and Advanced Substrates (AS). The Electronic Manufacturing Services segment generates maximum revenue for the company.

Cicor Technologies (XSWX:CICN) Headlines

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