ASR Microelectronics Co (SHSE:688220) Cash-to-Debt : 30.69 (As of Mar. 2024)

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What is ASR 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. ASR Microelectronics Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 30.69.

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

SHSE:688220' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.97 Med: 89.03 Max: No Debt
Current: 30.69

During the past 7 years, ASR Microelectronics Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.97. And the median was 89.03.

SHSE:688220's Cash-to-Debt is ranked better than
81.77% of 993 companies
in the Semiconductors industry
Industry Median: 1.76 vs SHSE:688220: 30.69

ASR Microelectronics Co Cash-to-Debt Historical Data

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

ASR Microelectronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

14.34

1.05

113.55

93.53

ASR Microelectronics Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial														121.65	93.30	89.03	93.53	30.69

Competitive Comparison of ASR Microelectronics Co's Cash-to-Debt

For the Semiconductors subindustry, ASR 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.

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

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

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

ASR 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.

ASR 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)
	=	4453.094	/	(27.91	+	19.702)
	=	93.53

ASR 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)
	=	4242.408	/	(124.997	+	13.233)
	=	30.69

ASR Microelectronics Co (SHSE:688220) 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.

ASR Microelectronics Co Cash-to-Debt Related Terms

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ASR Microelectronics Co (SHSE:688220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASR Microelectronics Co Ltd (SHSE:688220) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.399 Keyuan Road, 8th Floor, Building 10, Pilot Free Trade Zone (Nominal Floor 9th Floor), Shanghai, CHN, 201203

Website

https://www.asrmicro.com

ASR Microelectronics Co Ltd is engaged in the research and development and technological innovation of wireless communication chips.

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