Wave Power Technology (ROCO:6895) Cash-to-Debt : 42.27 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Wave Power 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. Wave Power Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 42.27.

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

ROCO:6895' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 25.91 Max: 191.14
Current: 42.27

During the past 5 years, Wave Power Technology's highest Cash to Debt Ratio was 191.14. The lowest was 0.47. And the median was 25.91.

ROCO:6895's Cash-to-Debt is ranked better than
86.62% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs ROCO:6895: 42.27

Wave Power Technology Cash-to-Debt Historical Data

The historical data trend for Wave Power 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.

* Premium members only.

Wave Power Technology Cash-to-Debt Chart

Wave Power Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

1.00

0.47

191.14

25.91

20.29

Wave Power Technology Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							20.29	16.01	7.34	31.07	42.27

Competitive Comparison of Wave Power Technology's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Wave Power 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.

Wave Power Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wave Power Technology's Cash-to-Debt distribution charts can be found below:

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

Wave Power 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.

Wave Power Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	207.671	/	(10.234	+	0)
	=	20.29

Wave Power 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)
	=	542.584	/	(11.283	+	1.554)
	=	42.27

Wave Power Technology (ROCO:6895) 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.

Wave Power Technology Cash-to-Debt Related Terms

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

Wave Power Technology (ROCO:6895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wave Power Technology Inc (ROCO:6895) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.31, Lane 598, Zhongzheng Road, Miaoli County, Toufen City, TWN, 35151

Website

https://www.wavepower.com.tw

Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.

Wave Power Technology (ROCO:6895) Headlines

No Headlines