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Photronics (FRA:PQ2) Cash-to-Debt

: 22.26 (As of Jan. 2024)
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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. Photronics's cash to debt ratio for the quarter that ended in Jan. 2024 was 22.26.

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

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

FRA:PQ2' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.14   Med: 4.12   Max: 22.26
Current: 22.26

During the past 13 years, Photronics's highest Cash to Debt Ratio was 22.26. The lowest was 1.14. And the median was 4.12.

FRA:PQ2's Cash-to-Debt is ranked better than
80.22% of 996 companies
in the Semiconductors industry
Industry Median: 1.81 vs FRA:PQ2: 22.26

Photronics Cash-to-Debt Historical Data

The historical data trend for Photronics'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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Photronics Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.92 3.93 2.43 8.21 19.31

Photronics Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.04 14.57 17.81 19.31 22.26

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Photronics'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.


Photronics Cash-to-Debt Distribution

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

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



Photronics 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.

Photronics's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Photronics's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

* 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.


Photronics  (FRA:PQ2) 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.


Photronics Cash-to-Debt Related Terms

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Photronics (FRA:PQ2) Business Description

Traded in Other Exchanges
Address
15 Secor Road, Brookfield, CT, USA, 06804
Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.

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