Tripod Technology (TPE:3044) Cash-to-Debt : 3.89 (As of Mar. 2024)

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What is Tripod Technology 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. Tripod Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.89.

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

TPE:3044' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.15 Med: 1.75 Max: 3.89
Current: 3.89

During the past 13 years, Tripod Technology's highest Cash to Debt Ratio was 3.89. The lowest was 1.15. And the median was 1.75.

TPE:3044's Cash-to-Debt is ranked better than
68.04% of 2472 companies
in the Hardware industry
Industry Median: 1.35 vs TPE:3044: 3.89

Tripod Technology Cash-to-Debt Historical Data

The historical data trend for Tripod Technology'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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Tripod Technology Cash-to-Debt Chart

Tripod Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.92

1.88

1.15

1.96

3.67

Tripod Technology 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															2.68	3.00	2.58	3.67	3.89

Competitive Comparison of Tripod Technology's Cash-to-Debt

For the Electronic Components subindustry, Tripod Technology'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.

Tripod Technology's Cash-to-Debt Distribution in the Hardware Industry

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

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

Tripod Technology 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.

Tripod Technology'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)
	=	22807.461	/	(6086.157	+	133.57)
	=	3.67

Tripod Technology'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)
	=	27041.772	/	(6829.711	+	130.947)
	=	3.88

Tripod Technology (TPE:3044) 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.

Tripod Technology Cash-to-Debt Related Terms

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

Tripod Technology (TPE:3044) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tripod Technology Corp (TPE:3044) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Kuang-Yeh 5th Road, Ping-Jen Industrial Park, Ping-jen District, Taoyuan, TWN

Website

https://www.tripod-tech.com

Tripod Technology Corporation manufactures and distributes printed circuit boards. The company focuses on the production and sale of printed circuit boards, and this segment provides the majority of the company's revenue. The company's products include various boards for memory modules, thin-film-transistor liquid-crystal displays, telecommunications boards, hard disks, automotive, servers, substrates, and other services. The vast majority of revenue is earned from customers in China, however, the company also does business in Taiwan, Malaysia, and South Korea among others.

Tripod Technology (TPE:3044) Headlines

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