Lotus Technology (Lotus Technology) Cash-to-Debt : 0.45 (As of Dec. 2023)

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What is Lotus 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. Lotus Technology's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

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

LOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 1.12 Max: 2.44
Current: 0.45

During the past 3 years, Lotus Technology's highest Cash to Debt Ratio was 2.44. The lowest was 0.45. And the median was 1.12.

LOT's Cash-to-Debt is ranked worse than
54.98% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs LOT: 0.45

Lotus Technology Cash-to-Debt Historical Data

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

Lotus Technology Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

2.44

1.12

0.45

Lotus Technology Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	2.44	N/A	1.12	0.54	0.45

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

For the Auto Manufacturers subindustry, Lotus 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.

Lotus Technology's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lotus Technology's Cash-to-Debt distribution charts can be found below:

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

Lotus 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.

Lotus Technology'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)
	=	418.941	/	(680.737	+	261.306)
	=	0.44

Lotus Technology'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)
	=	418.941	/	(680.737	+	261.306)
	=	0.44

Lotus Technology (NAS:LOT) 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.

Lotus Technology Cash-to-Debt Related Terms

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Lotus Technology (Lotus Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5EP:Germany

Address

No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120

Website

https://www.group-lotus.com

Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

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