Fortior Technology (Shenzhen) Co (SHSE:688279) Cash-to-Debt : 62.46 (As of Mar. 2024)

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What is Fortior Technology (Shenzhen) 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. Fortior Technology (Shenzhen) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 62.46.

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, Fortior Technology (Shenzhen) 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 Fortior Technology (Shenzhen) Co's Cash-to-Debt or its related term are showing as below:

SHSE:688279' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.86 Med: 62.81 Max: 369.86
Current: 62.46

During the past 6 years, Fortior Technology (Shenzhen) Co's highest Cash to Debt Ratio was 369.86. The lowest was 3.86. And the median was 62.81.

SHSE:688279's Cash-to-Debt is ranked better than
86.27% of 969 companies
in the Semiconductors industry
Industry Median: 1.81 vs SHSE:688279: 62.46

Fortior Technology (Shenzhen) Co Cash-to-Debt Historical Data

The historical data trend for Fortior Technology (Shenzhen) 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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Fortior Technology (Shenzhen) Co Cash-to-Debt Chart

Fortior Technology (Shenzhen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.56

18.73

100.56

215.60

57.04

Fortior Technology (Shenzhen) 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												74.29	63.16	50.49	57.04	62.46

Competitive Comparison of Fortior Technology (Shenzhen) Co's Cash-to-Debt

For the Semiconductors subindustry, Fortior Technology (Shenzhen) 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.

Fortior Technology (Shenzhen) Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Fortior Technology (Shenzhen) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fortior Technology (Shenzhen) Co's Cash-to-Debt falls into.

Fortior Technology (Shenzhen) 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.

Fortior Technology (Shenzhen) 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)
	=	1679.261	/	(25.721	+	3.717)
	=	57.04

Fortior Technology (Shenzhen) 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)
	=	1607.456	/	(22.933	+	2.803)
	=	62.46

Fortior Technology (Shenzhen) Co (SHSE:688279) 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.

Fortior Technology (Shenzhen) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Fortior Technology (Shenzhen) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortior Technology (Shenzhen) Co (SHSE:688279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Fortior Technology (Shenzhen) Co Ltd (SHSE:688279) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Kejizhong 2 Road, Room 203, Building 11, Shenzhen Software Park (Phase 2), High-tech Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.fortiortech.com

Fortior Technology (Shenzhen) Co Ltd is engaged in the research and development, design and sales of special chips for BLDC motor drive control.

Fortior Technology (Shenzhen) Co (SHSE:688279) Headlines

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