Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Cash-to-Debt : 11.17 (As of Mar. 2024)

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What is Smarter Microelectronics (Guangzhou) 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. Smarter Microelectronics (Guangzhou) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 11.17.

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, Smarter Microelectronics (Guangzhou) 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 Smarter Microelectronics (Guangzhou) Co's Cash-to-Debt or its related term are showing as below:

SHSE:688512' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.45 Med: 34.26 Max: No Debt
Current: 11.17

During the past 5 years, Smarter Microelectronics (Guangzhou) Co's highest Cash to Debt Ratio was No Debt. The lowest was 8.45. And the median was 34.26.

SHSE:688512's Cash-to-Debt is ranked better than
74.95% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs SHSE:688512: 11.17

Smarter Microelectronics (Guangzhou) Co Cash-to-Debt Historical Data

The historical data trend for Smarter Microelectronics (Guangzhou) 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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Smarter Microelectronics (Guangzhou) Co Cash-to-Debt Chart

Smarter Microelectronics (Guangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

8.45

N/A

70.75

23.83

Smarter Microelectronics (Guangzhou) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								34.26	90.71	119.21	23.83	11.17

Competitive Comparison of Smarter Microelectronics (Guangzhou) Co's Cash-to-Debt

For the Semiconductors subindustry, Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) Co's Cash-to-Debt Distribution in the Semiconductors Industry

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

* The bar in red indicates where Smarter Microelectronics (Guangzhou) Co's Cash-to-Debt falls into.

Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) 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)
	=	947.775	/	(5.853	+	33.914)
	=	23.83

Smarter Microelectronics (Guangzhou) 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)
	=	444.514	/	(6.38	+	33.418)
	=	11.17

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) 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.

Smarter Microelectronics (Guangzhou) Co Cash-to-Debt Related Terms

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Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smarter Microelectronics (Guangzhou) Co Ltd (SHSE:688512) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 182, Science Avenue, Unit 307, 3rd Floor, C2, Innovation Building, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.smartermicro.com

Smarter Microelectronics (Guangzhou) Co Ltd is engaged in the research and development, design and sales of RF front-end chips and modules.

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Headlines

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