Luster LightTech Co (SHSE:688400) Cash-to-Debt : 12.55 (As of Mar. 2024)

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What is Luster LightTech 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. Luster LightTech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 12.55.

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

SHSE:688400' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.48 Med: 10.48 Max: 67.35
Current: 12.55

During the past 6 years, Luster LightTech Co's highest Cash to Debt Ratio was 67.35. The lowest was 1.48. And the median was 10.48.

SHSE:688400's Cash-to-Debt is ranked better than
78.87% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs SHSE:688400: 12.55

Luster LightTech Co Cash-to-Debt Historical Data

The historical data trend for Luster LightTech 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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Luster LightTech Co Cash-to-Debt Chart

Luster LightTech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.82

8.41

2.24

24.87

22.09

Luster LightTech Co 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											27.69	67.35	47.88	22.09	12.55

Competitive Comparison of Luster LightTech Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Luster LightTech 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.

Luster LightTech Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Luster LightTech Co's Cash-to-Debt distribution charts can be found below:

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

Luster LightTech 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.

Luster LightTech 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)
	=	2155.318	/	(30.841	+	66.737)
	=	22.09

Luster LightTech 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)
	=	2076.642	/	(73.741	+	91.776)
	=	12.55

Luster LightTech Co (SHSE:688400) 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.

Luster LightTech Co Cash-to-Debt Related Terms

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Luster LightTech Co (SHSE:688400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luster LightTech Co Ltd (SHSE:688400) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Cuihu South Ring Road, Room 701, 7th Floor, Building 7, Yard 13, Haidian District, Beijing, CHN, 100094

Website

https://www.lusterinc.com

Luster LightTech Co Ltd is based on optical technology innovation, develops business around machine vision and fiber optics, and is committed to becoming a global leader in the field of visual artificial intelligence and optoelectronic information.

Executives

Yin Yong Qiang	senior management
Wang Wen Tao	Directors, senior managers

Luster LightTech Co (SHSE:688400) Headlines

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