Spire (SPIR) Cash-to-Debt : 0.14 (As of Sep. 2014)

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What is Spire 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. Spire's cash to debt ratio for the quarter that ended in Sep. 2014 was 0.14.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Spire couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2014.

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

SPIR's Cash-to-Debt is not ranked ^*
in the Semiconductors industry.
Industry Median: 1.79
* Ranked among companies with meaningful Cash-to-Debt only.

Spire Cash-to-Debt Historical Data

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

Spire Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash-to-Debt

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4.36

4.97

3.92

5.07

1.17

Spire Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Cash-to-Debt	Get a 7-Day Free Trial															0.91	1.17	0.89	0.18	0.14

Competitive Comparison of Spire's Cash-to-Debt

For the Solar subindustry, Spire'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.

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

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

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

Spire 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.

Spire's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 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)
	=	7.521	/	(1.344	+	5.064)
	=	1.17

Spire's Cash to Debt Ratio for the quarter that ended in Sep. 2014 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)
	=	0.722	/	(0.779	+	4.476)
	=	0.14

Spire (OTCPK:SPIR) 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.

Spire Cash-to-Debt Related Terms

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Spire (SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spire Corp (OTCPK:SPIR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Patriots Park, Bedford, MA, USA, 01730-2396

Website

http://www.spirecorp.com

Spire Corp and its subsidiaries develop, manufacture and market engineered products and services. The company operates in two business areas namely capital equipment for the photovoltaic solar industry and biomedical. Its photovoltaic solar area produces, assembles and sells specialized equipment for the production of terrestrial photovoltaic modules from solar cells. The biomedical area provides surface treatments to the manufacturers of orthopedic and other medical devices. Additionally, the company provides training and assistance with module certification and solar factory management services. Further, it offers its products geographically across countries like the United States, Asia, Europe and Africa, and internationally.

Executives

David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust	10 percent owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Richard Thomley	officer: CAO and Corporate Controller	C/O PRESSURE BIOSCIENCES, INC., 14 NORFOLK AVE., SOUTH EASTON MA 02375
James F Parslow	officer: Chief Financial Officer	C/O XENETIC BIOSCIENCES, INC., 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421