Solitron Devices (Solitron Devices) Cash-to-Debt : 0.58 (As of Nov. 2023)

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What is Solitron Devices 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. Solitron Devices's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.58.

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, Solitron Devices couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

SODI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 2.85 Max: No Debt
Current: 0.58

During the past 13 years, Solitron Devices's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 2.85.

SODI's Cash-to-Debt is ranked worse than
72.91% of 993 companies
in the Semiconductors industry
Industry Median: 1.76 vs SODI: 0.58

Solitron Devices Cash-to-Debt Historical Data

The historical data trend for Solitron Devices'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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Solitron Devices Cash-to-Debt Chart

Solitron Devices Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.88

3.34

1.66

1.57

Solitron Devices Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															1.62	1.57	1.49	0.68	0.58

Competitive Comparison of Solitron Devices's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Solitron Devices'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.

Solitron Devices's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Solitron Devices 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.

Solitron Devices's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	4.328	/	(0.11	+	2.648)
	=	1.57

Solitron Devices's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	2.579	/	(1.857	+	2.565)
	=	0.58

Solitron Devices (OTCPK:SODI) 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.

Solitron Devices Cash-to-Debt Related Terms

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Solitron Devices (Solitron Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solitron Devices Inc (OTCPK:SODI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Sansburys Way, West Palm Beach, FL, USA, 33411

Website

https://www.solitrondevices.com

Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.

Executives

Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson	officer: President and COO	600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer	director	PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc	10 percent owner	185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p.	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar	other: Shareholder	C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
John F Chiste	director
Dwight P Aubrey	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity	director
Sidney H Kopperl	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407