Ispire Technology (Ispire Technology) Cash-to-Debt : 9.85 (As of Mar. 2024)

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What is Ispire 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. Ispire Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 9.85.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Ispire Technology could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Ispire Technology's Cash-to-Debt or its related term are showing as below:

ISPR' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.22 Med: 10.67 Max: 214.03
Current: 9.85

During the past 3 years, Ispire Technology's highest Cash to Debt Ratio was 214.03. The lowest was 6.22. And the median was 10.67.

ISPR's Cash-to-Debt is ranked better than
72% of 50 companies
in the Tobacco Products industry
Industry Median: 0.385 vs ISPR: 9.85

Ispire Technology Cash-to-Debt Historical Data

The historical data trend for Ispire 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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Ispire Technology Cash-to-Debt Chart

Ispire Technology Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

178.35

214.03

11.49

Ispire Technology Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial						7.43	11.49	7.59	6.22	9.85

Competitive Comparison of Ispire Technology's Cash-to-Debt

For the Tobacco subindustry, Ispire 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.

Ispire Technology's Cash-to-Debt Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Ispire Technology's Cash-to-Debt distribution charts can be found below:

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

Ispire 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.

Ispire Technology's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	49.434	/	(0.945	+	3.356)
	=	11.49

Ispire Technology's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	39.454	/	(1.276	+	2.731)
	=	9.85

Ispire Technology (NAS:ISPR) 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.

Ispire Technology Cash-to-Debt Related Terms

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Ispire Technology (Ispire Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Ispire Technology Inc (NAS:ISPR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19700 Magellan Drive, Los Angeles, CA, USA, 90502

Website

https://www.ispiretechnology.com

Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products.

Executives

Daniel J. Machock	officer: Chief Financial Officer	19700 MAGELLAN DRIVE, LOS ANGELESC CA 90502
Christopher Robert Burch	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jeffrey Doiron	officer: Chief Revenue Officer	3606 W MAGNOLIA BLVD, BURBANK CA 91505
John Fargis	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Joel Paritz	director	204 MAIN STREET, FORT LEE NJ 07024
Lauren Stower	officer: Chief Impact Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Brent Cox	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Ted Rouhani	officer: Chief Operating Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Michael Xue Wang	officer: CHIEF FINANCIAL OFFICER	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Tuanfang Liu	director, 10 percent owner, officer: CEO and Chairman	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jiangyan Zhu	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Pride Worldwide Investment Ltd	10 percent owner	14 JIANAN ROAD, TANGWEI FUYONG TOWN GUANGDONG PROVINCE, SHENZHEN F4 000000