Jadard Technology (SHSE:688252) Cash-to-Debt : 294.55 (As of Mar. 2024)

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What is Jadard 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. Jadard Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 294.55.

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

SHSE:688252' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.03 Med: 99.61 Max: 3047.33
Current: 294.55

During the past 6 years, Jadard Technology's highest Cash to Debt Ratio was 3047.33. The lowest was 1.03. And the median was 99.61.

SHSE:688252's Cash-to-Debt is ranked better than
93.76% of 993 companies
in the Semiconductors industry
Industry Median: 1.79 vs SHSE:688252: 294.55

Jadard Technology Cash-to-Debt Historical Data

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

Jadard Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.03

83.83

115.38

26.91

309.21

Jadard Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											1,094.33	3,047.33	312.37	309.21	294.55

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

For the Semiconductors subindustry, Jadard 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.

Jadard Technology's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Jadard 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.

Jadard 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)
	=	1755.714	/	(1.85	+	3.828)
	=	309.21

Jadard Technology'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)
	=	1671.876	/	(1.92	+	3.756)
	=	294.55

Jadard Technology (SHSE:688252) 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.

Jadard Technology Cash-to-Debt Related Terms

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Jadard Technology (SHSE:688252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jadard Technology Inc (SHSE:688252) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 002, Gaoxin South 1st Road, Yuehai Street, Room 901, 9th Floor, Fiyta Technology Building, Nanshan District, Gaoxin District Community, Guangdong Province, Shenzhen, CHN, 518052

Website

http://www.tdytech.com

Jadard Technology Inc is engaged in the research and development, design and sales of integrated single-chip in the field of mobile intelligent terminals.

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