GCL Technology Holdings (HKSE:03800) Cash-to-Debt : 0.55 (As of Dec. 2023)

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What is GCL Technology Holdings 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. GCL Technology Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.55.

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

HKSE:03800' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.2 Max: 0.57
Current: 0.55

During the past 13 years, GCL Technology Holdings's highest Cash to Debt Ratio was 0.57. The lowest was 0.04. And the median was 0.20.

HKSE:03800's Cash-to-Debt is ranked worse than
73.92% of 993 companies
in the Semiconductors industry
Industry Median: 1.81 vs HKSE:03800: 0.55

GCL Technology Holdings Cash-to-Debt Historical Data

The historical data trend for GCL Technology Holdings'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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GCL Technology Holdings Cash-to-Debt Chart

GCL Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.06

0.57

0.51

0.55

GCL Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.57	0.57	0.51	0.49	0.55

Competitive Comparison of GCL Technology Holdings's Cash-to-Debt

For the Solar subindustry, GCL Technology Holdings'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.

GCL Technology Holdings's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

GCL Technology Holdings 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.

GCL Technology Holdings'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)
	=	9316.3	/	(5983.672	+	10967.263)
	=	0.55

GCL Technology Holdings'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)
	=	9316.3	/	(5983.672	+	10967.263)
	=	0.55

GCL Technology Holdings (HKSE:03800) 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.

GCL Technology Holdings Cash-to-Debt Related Terms

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GCL Technology Holdings (HKSE:03800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL Technology Holdings Ltd (HKSE:03800) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GCPEF:USA 3GY:Germany

Address

1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.gcltech.com

GCL Technology Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sales of polysilicon and wafers for the solar industry; and the sales of electricity, development, investment, management and operation of solar projects. The company operates in two reportable segments Solar material business which mainly manufactures and sales of polysilicon and wafer to companies operating in the solar industry, and the Solar farm business which manages and operates solar farms located in the USA and the PRC. The majority of revenue is derived from the Solar material business segment.

GCL Technology Holdings (HKSE:03800) Headlines

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