Phison Electronics (ROCO:8299) Cash-to-Debt : 1.18 (As of Mar. 2024)

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What is Phison 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. Phison Electronics's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.18.

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

ROCO:8299' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.18 Med: 31.58 Max: No Debt
Current: 1.18

During the past 13 years, Phison Electronics's highest Cash to Debt Ratio was No Debt. The lowest was 1.18. And the median was 31.58.

ROCO:8299's Cash-to-Debt is ranked worse than
53.03% of 2472 companies
in the Hardware industry
Industry Median: 1.35 vs ROCO:8299: 1.18

Phison Electronics Cash-to-Debt Historical Data

The historical data trend for Phison 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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Phison Electronics Cash-to-Debt Chart

Phison Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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412.45

11.93

5.09

4.78

2.61

Phison 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															2.87	3.60	3.86	2.61	1.18

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

For the Computer Hardware subindustry, Phison 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.

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

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

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

Phison 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.

Phison 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)
	=	15241.692	/	(5669.626	+	172.244)
	=	2.61

Phison 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)
	=	15302.345	/	(7304.992	+	5707.465)
	=	1.18

Phison Electronics (ROCO:8299) 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.

Phison Electronics Cash-to-Debt Related Terms

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Phison Electronics (ROCO:8299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Phison Electronics Corp (ROCO:8299) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing 1st Street, 10F-6, No.251, Zhubei City, Hsinchu County, TWN, 302

Website

https://www.phison.com

Phison Electronics Corp is a Taiwan-based company engaged in designing and manufacturing flash memory controllers and peripheral system applications. Its product portfolio includes Flash memory module products, Controllers, Integrated circuits, and Others. Geographically company has a presence in Asia, America, Europe, Australia, and Others in which key revenue is derived from Asia.

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