Acon Optics Communications (ROCO:6820) Cash-to-Debt : 1.28 (As of Dec. 2023)

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What is Acon Optics Communications 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. Acon Optics Communications's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.28.

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, Acon Optics Communications could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ROCO:6820' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 1.28 Max: No Debt
Current: 1.28

During the past 7 years, Acon Optics Communications's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 1.28.

ROCO:6820's Cash-to-Debt is ranked worse than
50.88% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs ROCO:6820: 1.28

Acon Optics Communications Cash-to-Debt Historical Data

The historical data trend for Acon Optics Communications'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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Acon Optics Communications Cash-to-Debt Chart

Acon Optics Communications Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.26

0.36

1.65

1.28

Acon Optics Communications Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.36	0.83	1.65	1.45	1.28

Competitive Comparison of Acon Optics Communications's Cash-to-Debt

For the Communication Equipment subindustry, Acon Optics Communications'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.

Acon Optics Communications's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Acon Optics Communications's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Acon Optics Communications's Cash-to-Debt falls into.

Acon Optics Communications 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.

Acon Optics Communications'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)
	=	171.711	/	(100.157	+	34.277)
	=	1.28

Acon Optics Communications'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)
	=	171.711	/	(100.157	+	34.277)
	=	1.28

Acon Optics Communications (ROCO:6820) 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.

Acon Optics Communications Cash-to-Debt Related Terms

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Acon Optics Communications (ROCO:6820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Acon Optics Communications Inc (ROCO:6820) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 45, Baoxing Road, 5th Floor, No. 4, Alley 9, Xindian District, New Taipei City, TWN, 231

Website

https://www.aconoptics.com

Acon Optics Communications Inc is engaged in manufacturing fiber optic cabling systems. Its products include Connectors, Adapter, patchcords, FTTA Solutions, MPO/MTP Solutions, Data Center Solutions, Accessories, NTT-AT HIREC 100, Reality series-Fiber Optic extender, Speedy series- Fiber Optic and Copper transceivers.

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