Everdisplay Optronics Shanghai Co (SHSE:688538) Cash-to-Debt : 0.14 (As of Mar. 2024)

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What is Everdisplay Optronics Shanghai 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. Everdisplay Optronics Shanghai Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.14.

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, Everdisplay Optronics Shanghai Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Everdisplay Optronics Shanghai Co's Cash-to-Debt or its related term are showing as below:

SHSE:688538' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.25 Max: 0.95
Current: 0.14

During the past 7 years, Everdisplay Optronics Shanghai Co's highest Cash to Debt Ratio was 0.95. The lowest was 0.11. And the median was 0.25.

SHSE:688538's Cash-to-Debt is ranked worse than
92.34% of 2376 companies
in the Hardware industry
Industry Median: 1.335 vs SHSE:688538: 0.14

Everdisplay Optronics Shanghai Co Cash-to-Debt Historical Data

The historical data trend for Everdisplay Optronics Shanghai 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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Everdisplay Optronics Shanghai Co Cash-to-Debt Chart

Everdisplay Optronics Shanghai Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.11

0.58

0.26

0.14

Everdisplay Optronics Shanghai Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.18	0.17	0.14	0.14

Competitive Comparison of Everdisplay Optronics Shanghai Co's Cash-to-Debt

For the Electronic Components subindustry, Everdisplay Optronics Shanghai 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.

Everdisplay Optronics Shanghai Co's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Everdisplay Optronics Shanghai Co's Cash-to-Debt falls into.

Everdisplay Optronics Shanghai 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.

Everdisplay Optronics Shanghai 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)
	=	1937.134	/	(1756.437	+	12443.558)
	=	0.14

Everdisplay Optronics Shanghai Co'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)
	=	2058.731	/	(1905.567	+	12673.91)
	=	0.14

Everdisplay Optronics Shanghai Co (SHSE:688538) 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.

Everdisplay Optronics Shanghai Co Cash-to-Debt Related Terms

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Everdisplay Optronics Shanghai Co (SHSE:688538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Everdisplay Optronics Shanghai Co Ltd (SHSE:688538) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1568, Jiugong Road, Jinshan Industrial Zone, Shanghai, CHN, 201506

Website

https://www.everdisplay.com

Everdisplay Optronics Shanghai Co Ltd is engaged in the research and development, production and sales of small and medium-sized AMOLED semiconductor display panels.

Executives

Zhang Bin	senior management
Liu Hui Ran	Directors, senior managers
Liang Xiao	senior management
Li Feng Ling	senior management
Chen Zhi Hong	senior management
Fu Wen Biao	Director

Everdisplay Optronics Shanghai Co (SHSE:688538) Headlines

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