Action Electronics Co (TPE:3024) Cash-to-Debt : 0.89 (As of Dec. 2023)

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What is Action Electronics 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. Action Electronics Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.89.

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

TPE:3024' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 0.95 Max: 1.37
Current: 0.89

During the past 13 years, Action Electronics Co's highest Cash to Debt Ratio was 1.37. The lowest was 0.47. And the median was 0.95.

TPE:3024's Cash-to-Debt is ranked worse than
60.2% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs TPE:3024: 0.89

Action Electronics Co Cash-to-Debt Historical Data

The historical data trend for Action Electronics 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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Action Electronics Co Cash-to-Debt Chart

Action Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.17

1.30

1.37

1.02

0.89

Action Electronics Co 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	Get a 7-Day Free Trial															1.02	0.99	1.03	0.99	0.89

Competitive Comparison of Action Electronics Co's Cash-to-Debt

For the Consumer Electronics subindustry, Action Electronics 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.

Action Electronics Co's Cash-to-Debt Distribution in the Hardware Industry

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

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

Action Electronics 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.

Action Electronics Co'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)
	=	1126.734	/	(1029.399	+	241.072)
	=	0.89

Action Electronics Co'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)
	=	1126.734	/	(1029.399	+	241.072)
	=	0.89

Action Electronics Co (TPE:3024) 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.

Action Electronics Co Cash-to-Debt Related Terms

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

Action Electronics Co (TPE:3024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Action Electronics Co Ltd (TPE:3024) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 423-7 Zhengguang Road, 4th Floor, Taoyuan District, Taoyuan City, TWN, 330

Website

http://www.action.com.tw

Action Electronics Co Ltd is engaged in the manufacturing and distribution of electronic products. The company's products include portable multimedia players, LCD digital TV, mobile entertainment device, mobile internet device, and solar application.

Action Electronics Co (TPE:3024) Headlines

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