Delta Electronics (TPE:2308) Cash-to-Debt : 1.61 (As of Mar. 2024)

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What is Delta Electronics 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. Delta Electronics's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.61.

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

TPE:2308' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: 1.56 Max: 4.97
Current: 1.61

During the past 13 years, Delta Electronics's highest Cash to Debt Ratio was 4.97. The lowest was 0.99. And the median was 1.56.

TPE:2308's Cash-to-Debt is ranked better than
54.03% of 2469 companies
in the Hardware industry
Industry Median: 1.35 vs TPE:2308: 1.61

Delta Electronics Cash-to-Debt Historical Data

The historical data trend for Delta Electronics'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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Delta Electronics Cash-to-Debt Chart

Delta Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.24

1.42

1.03

1.30

1.55

Delta Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.49	1.64	1.16	1.55	1.61

Competitive Comparison of Delta Electronics's Cash-to-Debt

For the Electronic Components subindustry, Delta Electronics'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.

Delta Electronics's Cash-to-Debt Distribution in the Hardware Industry

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

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

Delta Electronics 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.

Delta Electronics'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)
	=	92619.557	/	(5879.104	+	53975.697)
	=	1.55

Delta Electronics'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)
	=	101770.984	/	(7009.825	+	56310.427)
	=	1.61

Delta Electronics (TPE:2308) 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.

Delta Electronics Cash-to-Debt Related Terms

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Delta Electronics (TPE:2308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Delta Electronics Inc (TPE:2308) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 186, Ruey Kuang Road, Neihu District, Taipei, TWN, 11491

Website

https://www.deltaww.com

Founded in 1971, Delta Electronics, or Delta, is the largest industrial power system supplier globally. It positions itself as a solutions provider in telecom power, renewable energy, surveillance systems, new energy vehicles power systems, smart building, industrial automation, and data centers. Delta also trades under Innergie, Loytec, Delta Controls and Amerlux. The company's headquarters are in Taipei, Taiwan, and employs over 11,000 people in 30 countries. A group of Delta's subsidiaries consolidated under Delta Electronics (Thailand) Public Company Limited, or DET, is listed on the Stock Exchange of Thailand. DET is 63.1% owned by Delta. The company owns 56.75% of surveillance system provider Vivotek (3454 TW).

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