Pangaea Connectivity Technology (HKSE:01473) Cash-to-Debt : 0.29 (As of Sep. 2023)

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What is Pangaea Connectivity Technology 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. Pangaea Connectivity Technology's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.29.

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, Pangaea Connectivity Technology 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 Pangaea Connectivity Technology's Cash-to-Debt or its related term are showing as below:

HKSE:01473' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.28 Max: 0.56
Current: 0.29

During the past 6 years, Pangaea Connectivity Technology's highest Cash to Debt Ratio was 0.56. The lowest was 0.10. And the median was 0.28.

HKSE:01473's Cash-to-Debt is ranked worse than
83.85% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs HKSE:01473: 0.29

Pangaea Connectivity Technology Cash-to-Debt Historical Data

The historical data trend for Pangaea Connectivity Technology'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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Pangaea Connectivity Technology Cash-to-Debt Chart

Pangaea Connectivity Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.10

0.13

0.56

0.40

0.20

Pangaea Connectivity Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					0.40	0.40	0.28	0.20	0.29

Competitive Comparison of Pangaea Connectivity Technology's Cash-to-Debt

For the Communication Equipment subindustry, Pangaea Connectivity Technology'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.

Pangaea Connectivity Technology's Cash-to-Debt Distribution in the Hardware Industry

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

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

Pangaea Connectivity Technology 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.

Pangaea Connectivity Technology'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)
	=	73.939	/	(364.593	+	0.416)
	=	0.20

Pangaea Connectivity Technology'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)
	=	94.657	/	(322.411	+	5.896)
	=	0.29

Pangaea Connectivity Technology (HKSE:01473) 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.

Pangaea Connectivity Technology Cash-to-Debt Related Terms

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

Pangaea Connectivity Technology (HKSE:01473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pangaea Connectivity Technology Ltd (HKSE:01473) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Johnston Road, Rooms 902-6, 9th Floor, Tai Yau Building, Wanchai, Hong Kong, HKG

Website

http://www.pangaea.com.hk

Pangaea Connectivity Technology Ltd is involved in the telecom and datacom connectivity industry. It offers connectivity products covering wireless microwave networks, optical networks from access to metro to regional and long haul, and data center and commercial networks for cellular, fixed, personal and private usage. The company is principally engaged in import and export of connectivity products which are used in telecom and datacom connectivity industry. The company also offers a broad portfolio of WiFi and IoT products.

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