Advantest (Advantest) Cash-to-Debt

: 0.84 (As of Dec. 2023)

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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. Advantest's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.84.

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

ATEYY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84 Med: 2.51 Max: No Debt
Current: 0.84

During the past 13 years, Advantest's highest Cash to Debt Ratio was No Debt. The lowest was 0.84. And the median was 2.51.

ATEYY's Cash-to-Debt is ranked worse than
65.49% of 994 companies
in the Semiconductors industry
Industry Median: 1.82 vs ATEYY: 0.84

Advantest Cash-to-Debt Historical Data

The historical data trend for Advantest'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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Advantest Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

No Debt

11.31

12.59

2.68

1.68

Advantest Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																1.40	1.68	1.10	1.08	0.84

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Advantest'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.

Advantest Cash-to-Debt Distribution

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

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

Advantest 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.

Advantest'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)
	=	639.939	/	(134.247	+	246.139)
	=	1.68

Advantest'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)
	=	525.88	/	(408.83	+	216.174)
	=	0.84

Advantest (OTCPK:ATEYY) 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.

Advantest Cash-to-Debt Related Terms

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

Advantest (Advantest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advantest Corp (OTCPK:ATEYY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ADTTF:USA 6857:Japan VAN:Germany

Address

1-6-2, Marunouchi, Shin-Marunouchi Center Building, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.advantest.co.jp

Advantest Corp is a Japan-based company that manufactures and distributes semiconductor test systems and mechatronic products for applications in testing and measurement, healthcare, nanotechnology and other end markets. The firm's product portfolio includes integrated circuit test systems, e-beam lithography, scanning electron microscopy metrology, solid state drive test systems, terahertz spectroscopy, and other electronic measuring instruments. The firm has operations in Japan, the United States, Europe, Singapore, China, Taiwan, and Korea.

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