Chroma Ate (TPE:2360) Cash-to-Debt : 1.62 (As of Mar. 2024)

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What is Chroma Ate 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. Chroma Ate's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.62.

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

TPE:2360' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 1.52 Max: 2.84
Current: 1.62

During the past 13 years, Chroma Ate's highest Cash to Debt Ratio was 2.84. The lowest was 0.57. And the median was 1.52.

TPE:2360's Cash-to-Debt is ranked better than
54.1% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs TPE:2360: 1.62

Chroma Ate Cash-to-Debt Historical Data

The historical data trend for Chroma Ate'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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Chroma Ate Cash-to-Debt Chart

Chroma Ate Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.61

0.70

0.77

1.20

1.85

Chroma Ate Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.85	2.56	2.84	1.14	1.62

Competitive Comparison of Chroma Ate's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Chroma Ate'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.

Chroma Ate's Cash-to-Debt Distribution in the Hardware Industry

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

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

Chroma Ate 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.

Chroma Ate's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	6684.639	/	(2200.249	+	1423.072)
	=	1.84

Chroma Ate'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)
	=	5423.075	/	(2011.079	+	1336.018)
	=	1.62

Chroma Ate (TPE:2360) 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.

Chroma Ate Cash-to-Debt Related Terms

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Chroma Ate (TPE:2360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chroma Ate Inc (TPE:2360) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Wenmao Road, Guishan District, Taoyuan, TWN

Website

https://www.chromaate.com

Chroma Ate Inc manufactures and sells automated testing systems, electronic testing instruments, signal generators, and power supplies. The company has four reportable segments: Special materials department, Test instrument department, the Automatic equipment department, and Others. It generates maximum revenue from the Automatic equipment segment. The company has a presence in Europe, the United States, Japan, Korea, China, and Southeast Asia.

Chroma Ate (TPE:2360) Headlines

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