Symtek Automation Asia Co (TPE:6438) Cash-to-Debt : 1.57 (As of Mar. 2024)

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What is Symtek Automation Asia 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. Symtek Automation Asia Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.57.

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, Symtek Automation Asia 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 Symtek Automation Asia Co's Cash-to-Debt or its related term are showing as below:

TPE:6438' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: 1.57 Max: 8.59
Current: 1.57

During the past 13 years, Symtek Automation Asia Co's highest Cash to Debt Ratio was 8.59. The lowest was 0.65. And the median was 1.57.

TPE:6438's Cash-to-Debt is ranked better than
55.13% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs TPE:6438: 1.57

Symtek Automation Asia Co Cash-to-Debt Historical Data

The historical data trend for Symtek Automation Asia 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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Symtek Automation Asia Co Cash-to-Debt Chart

Symtek Automation Asia Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.99

2.14

6.20

1.50

1.34

Symtek Automation Asia Co 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	1.12	1.30	1.34	1.57

Competitive Comparison of Symtek Automation Asia Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Symtek Automation Asia 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.

Symtek Automation Asia Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Symtek Automation Asia Co's Cash-to-Debt falls into.

Symtek Automation Asia 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.

Symtek Automation Asia 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)
	=	2084.465	/	(280.441	+	1280.281)
	=	1.34

Symtek Automation Asia 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)
	=	2338.529	/	(260.807	+	1229.771)
	=	1.57

Symtek Automation Asia Co (TPE:6438) 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.

Symtek Automation Asia Co Cash-to-Debt Related Terms

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Symtek Automation Asia Co (TPE:6438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Symtek Automation Asia Co Ltd (TPE:6438) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 421, Rongmin Road, Zhongli District, Taoyuan City, TWN, 320

Website

https://www.saa-symtek.com

Symtek Automation Asia Co Ltd is engaged in providing automation solutions, mainly in industrial automation planning, design, development, production installation, and after-sales service. The company's product portfolio includes printed circuit boards, flexible boards, photonics, semiconductor, and logistical products. The company has two operating segments; Symtek Taiwan segment which includes Symtek Automation Asia Co Ltd, and Symtek China segment which includes Symtek China, SAL and Symtek Jiangsu. The company derives a majority of its revenue from the Symtek Taiwan segment.

Symtek Automation Asia Co (TPE:6438) Headlines

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