LG Innotek Co (XKRX:011070) Cash-to-Debt : 0.29 (As of Mar. 2024)

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What is LG Innotek 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. LG Innotek Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.29.

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

XKRX:011070' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.31 Max: 0.5
Current: 0.29

During the past 13 years, LG Innotek Co's highest Cash to Debt Ratio was 0.50. The lowest was 0.17. And the median was 0.31.

XKRX:011070's Cash-to-Debt is ranked worse than
83.46% of 2376 companies
in the Hardware industry
Industry Median: 1.335 vs XKRX:011070: 0.29

LG Innotek Co Cash-to-Debt Historical Data

The historical data trend for LG Innotek 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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LG Innotek Co Cash-to-Debt Chart

LG Innotek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.42

0.40

0.38

0.29

0.50

LG Innotek Co Quarterly Data
	Jun19	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															0.27	0.33	0.29	0.50	0.29

Competitive Comparison of LG Innotek Co's Cash-to-Debt

For the Electronic Components subindustry, LG Innotek 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.

LG Innotek Co's Cash-to-Debt Distribution in the Hardware Industry

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

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

LG Innotek 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.

LG Innotek 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)
	=	1390254.312	/	(556519.575	+	2203313.648)
	=	0.50

LG Innotek 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)
	=	870735.09	/	(687332.319	+	2311905.935)
	=	0.29

LG Innotek Co (XKRX:011070) 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.

LG Innotek Co Cash-to-Debt Related Terms

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LG Innotek Co (XKRX:011070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Innotek Co Ltd (XKRX:011070) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

30, Magokjungang, E1/E3, 10-ro, Gangseo-gu, Seoul, KOR, 07796

Website

http://www.lginnotek.com

LG Innotek Co Ltd is a Korea-based company engaged in the manufacturing of materials and components that focuses on mobile, automotive, LED, display, semiconductor and IoT business fields with its core technologies. The company offers mobile products, including camera modules, wireless power chargers, and optical biosensor modules; and automotive products, such as motors and sensors, connectivity, thermoelectric modules, and LED lighting products. It also provides display products, which include photomasks, power modules, digital tuners, and touch panels; semiconductor products consisting of flip chip scale packages, chip on films, wireless modems, routers, and electronic shelf labels.

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