Solargiga Energy Holdings (Solargiga Energy Holdings) Cash-to-Debt : 0.40 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Solargiga Energy Holdings 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. Solargiga Energy Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

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, Solargiga Energy Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SEHLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.69
Current: 0.4

During the past 13 years, Solargiga Energy Holdings's highest Cash to Debt Ratio was 0.69. The lowest was 0.09. And the median was 0.16.

SEHLF's Cash-to-Debt is ranked worse than
80.38% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs SEHLF: 0.40

Solargiga Energy Holdings Cash-to-Debt Historical Data

The historical data trend for Solargiga Energy Holdings'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.

* Premium members only.

Solargiga Energy Holdings Cash-to-Debt Chart

Solargiga Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.22

0.18

0.20

0.69

0.40

Solargiga Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.20	0.19	0.69	0.49	0.40

Competitive Comparison of Solargiga Energy Holdings's Cash-to-Debt

For the Solar subindustry, Solargiga Energy Holdings'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.

Solargiga Energy Holdings's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Solargiga Energy Holdings 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.

Solargiga Energy Holdings'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)
	=	81.001	/	(197.05	+	7.206)
	=	0.40

Solargiga Energy Holdings's Cash to Debt Ratio for the quarter 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)
	=	81.001	/	(197.05	+	7.206)
	=	0.40

Solargiga Energy Holdings (OTCPK:SEHLF) 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.

Solargiga Energy Holdings Cash-to-Debt Related Terms

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

Solargiga Energy Holdings (Solargiga Energy Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solargiga Energy Holdings Ltd (OTCPK:SEHLF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00757:Hong Kong 3FV:Germany

Address

25 Harbour Road, Room 1402, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.solargiga.com

Solargiga Energy Holdings Ltd is a supplier of upstream and downstream solar energy services. It is involved in the manufacturing of, trading of and provision of processing services for polysilicon and monocrystalline silicon solar ingots, the manufacturing, and trading of semiconductor and monocrystalline silicon solar cells, the manufacturing and trading of photovoltaic modules, and the construction and operation of photovoltaic power plants. The company derives the majority of its revenues from the manufacturing and trading of photovoltaic modules. It mainly operates in Mainland China, Japan, Taiwan, Europe, America, and other Asian regions.

Solargiga Energy Holdings (Solargiga Energy Holdings) Headlines

No Headlines