Rayitek Hi-Tech Film Co (SHSE:688323) Cash-to-Debt : 0.11 (As of Mar. 2025)

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What is Rayitek Hi-Tech Film Co 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. Rayitek Hi-Tech Film Co's cash to debt ratio for the quarter that ended in Mar. 2025 was 0.11.

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, Rayitek Hi-Tech Film Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

The historical rank and industry rank for Rayitek Hi-Tech Film Co's Cash-to-Debt or its related term are showing as below:

SHSE:688323' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.16 Max: 0.62
Current: 0.11

During the past 8 years, Rayitek Hi-Tech Film Co's highest Cash to Debt Ratio was 0.62. The lowest was 0.06. And the median was 0.16.

SHSE:688323's Cash-to-Debt is ranked worse than
94.06% of 2440 companies
in the Hardware industry
Industry Median: 1.465 vs SHSE:688323: 0.11

Rayitek Hi-Tech Film Co Cash-to-Debt Historical Data

The historical data trend for Rayitek Hi-Tech Film Co'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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Rayitek Hi-Tech Film Co Cash-to-Debt Chart

Rayitek Hi-Tech Film Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.16

0.30

0.25

0.07

0.12

Rayitek Hi-Tech Film Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.06	0.08	0.12	0.11

Competitive Comparison of Rayitek Hi-Tech Film Co's Cash-to-Debt

For the Electronic Components subindustry, Rayitek Hi-Tech Film Co'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.

Rayitek Hi-Tech Film Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rayitek Hi-Tech Film Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rayitek Hi-Tech Film Co's Cash-to-Debt falls into.

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Rayitek Hi-Tech Film Co 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.

Rayitek Hi-Tech Film Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 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)
	=	152.212	/	(233.762	+	1062.688)
	=	0.12

Rayitek Hi-Tech Film Co's Cash to Debt Ratio for the quarter that ended in Mar. 2025 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)
	=	141.329	/	(358.49	+	949.575)
	=	0.11

Rayitek Hi-Tech Film Co (SHSE:688323) 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.

Rayitek Hi-Tech Film Co Cash-to-Debt Related Terms

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Rayitek Hi-Tech Film Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huamei Industrial Park, Songgang Subdistrict Office, Baoan District, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

Executives

Xu Fei	Core technical personnel
Yu Feng	Director

Rayitek Hi-Tech Film Co Headlines

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