MegaChips (TSE:6875) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is MegaChips 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. MegaChips's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, MegaChips could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for MegaChips's Cash-to-Debt or its related term are showing as below:

TSE:6875' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.46 Max: No Debt
Current: No Debt

During the past 13 years, MegaChips's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 0.46.

TSE:6875's Cash-to-Debt is ranked better than
99.9% of 993 companies
in the Semiconductors industry
Industry Median: 1.76 vs TSE:6875: No Debt

MegaChips Cash-to-Debt Historical Data

The historical data trend for MegaChips'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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MegaChips Cash-to-Debt Chart

MegaChips Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.61

4.47

No Debt

MegaChips Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.35	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of MegaChips's Cash-to-Debt

For the Semiconductors subindustry, MegaChips'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.

MegaChips's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

MegaChips 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.

MegaChips's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

MegaChips had no debt ⁽¹⁾.

MegaChips's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

MegaChips had no debt ⁽¹⁾.

MegaChips (TSE:6875) 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.

MegaChips Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MegaChips's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MegaChips (TSE:6875) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MegaChips Corp (TSE:6875) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MHC:Germany

Address

1-1-1 Miyahara, Yodogawa-ku, Shin-Osaka Hankyu Building, Osaka, JPN, 532-0003

Website

http://www.megachips.co.jp

MegaChips Corp. is engaged in the design, development, manufacture, and sale of system large scale integration (LSI), based on its basic image, audio and communications technologies and electronic devices and system equipment that contain its system LSIs. The company's main products Include LSIs for entertainment devices such as game consoles, image processing LSIs for digital cameras, LSIs for liquid crystal display (LCD) panels, and video surveillance system equipment for security field, among others. Geographically all the operations are functioned through the region of Japan and it derives revenue through the sale of LSI products.

MegaChips (TSE:6875) Headlines

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MegaChips (TSE:6875) Cash-to-Debt : No Debt (1) (As of Dec. 2023)