Suzhou Novosense Microelectronics Co (SHSE:688052) Cash-to-Debt : 6.42 (As of Mar. 2024)

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What is Suzhou Novosense Microelectronics 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. Suzhou Novosense Microelectronics Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.42.

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, Suzhou Novosense Microelectronics Co 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 Suzhou Novosense Microelectronics Co's Cash-to-Debt or its related term are showing as below:

SHSE:688052' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 7.4 Max: 126.55
Current: 6.42

During the past 6 years, Suzhou Novosense Microelectronics Co's highest Cash to Debt Ratio was 126.55. The lowest was 0.26. And the median was 7.40.

SHSE:688052's Cash-to-Debt is ranked better than
68.65% of 992 companies
in the Semiconductors industry
Industry Median: 1.765 vs SHSE:688052: 6.42

Suzhou Novosense Microelectronics Co Cash-to-Debt Historical Data

The historical data trend for Suzhou Novosense Microelectronics 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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Suzhou Novosense Microelectronics Co Cash-to-Debt Chart

Suzhou Novosense Microelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

8.04

2.00

0.64

93.57

6.49

Suzhou Novosense Microelectronics Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												126.55	14.04	11.21	6.49	6.42

Competitive Comparison of Suzhou Novosense Microelectronics Co's Cash-to-Debt

For the Semiconductors subindustry, Suzhou Novosense Microelectronics 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.

Suzhou Novosense Microelectronics Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Suzhou Novosense Microelectronics Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Suzhou Novosense Microelectronics Co's Cash-to-Debt falls into.

Suzhou Novosense Microelectronics 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.

Suzhou Novosense Microelectronics 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)
	=	4000.831	/	(279.655	+	336.541)
	=	6.49

Suzhou Novosense Microelectronics 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)
	=	3943.269	/	(276.716	+	337.209)
	=	6.42

Suzhou Novosense Microelectronics Co (SHSE:688052) 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.

Suzhou Novosense Microelectronics Co Cash-to-Debt Related Terms

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Suzhou Novosense Microelectronics Co (SHSE:688052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Novosense Microelectronics Co Ltd (SHSE:688052) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Jinji Lake Avenue, C1-501, Artificial Intelligence Industrial Park, Industrial Park, Jiangsu Province, Suzhou, CHN, 215000

Website

https://www.novosns.com

Suzhou Novosense Microelectronics Co Ltd is focused on the research and development and sales of high-performance, high-reliability analog integrated circuits.

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