Wafer Works (Shanghai) Co (SHSE:688584) Cash-to-Debt : 3.16 (As of Mar. 2024)

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What is Wafer Works (Shanghai) 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. Wafer Works (Shanghai) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.16.

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, Wafer Works (Shanghai) 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 Wafer Works (Shanghai) Co's Cash-to-Debt or its related term are showing as below:

SHSE:688584' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.6 Max: 3.16
Current: 3.16

During the past 7 years, Wafer Works (Shanghai) Co's highest Cash to Debt Ratio was 3.16. The lowest was 0.25. And the median was 0.60.

SHSE:688584's Cash-to-Debt is ranked better than
59.31% of 934 companies
in the Semiconductors industry
Industry Median: 1.885 vs SHSE:688584: 3.16

Wafer Works (Shanghai) Co Cash-to-Debt Historical Data

The historical data trend for Wafer Works (Shanghai) 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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Wafer Works (Shanghai) Co Cash-to-Debt Chart

Wafer Works (Shanghai) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.53

0.25

0.33

0.60

0.68

Wafer Works (Shanghai) Co Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									N/A	0.58	0.67	0.68	3.16

Competitive Comparison of Wafer Works (Shanghai) Co's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Wafer Works (Shanghai) 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.

Wafer Works (Shanghai) Co's Cash-to-Debt Distribution in the Semiconductors Industry

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

* The bar in red indicates where Wafer Works (Shanghai) Co's Cash-to-Debt falls into.

Wafer Works (Shanghai) 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.

Wafer Works (Shanghai) 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)
	=	442.869	/	(468.783	+	181.49)
	=	0.68

Wafer Works (Shanghai) 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)
	=	1723.239	/	(364.794	+	180.002)
	=	3.16

Wafer Works (Shanghai) Co (SHSE:688584) 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.

Wafer Works (Shanghai) Co Cash-to-Debt Related Terms

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Wafer Works (Shanghai) Co (SHSE:688584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wafer Works (Shanghai) Co Ltd (SHSE:688584) » Definitions » Cash-to-Debt

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Address

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Wafer Works (Shanghai) Co Ltd is engaged in the manufacturing of semiconductor silicon epitaxial wafers in China. Its main products are semiconductor silicon epitaxial wafers and is mainly used to prepare power devices and analog chips, and are widely used in automobiles, communications, electric power, industry, consumer electronics, high-end equipment, and other fields.

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