Aces Electronic Co (TPE:3605) Cash-to-Debt : 0.45 (As of Mar. 2024)

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What is Aces Electronic Co 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. Aces Electronic Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.45.

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, Aces Electronic Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TPE:3605' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 1.1 Max: 5.54
Current: 0.45

During the past 13 years, Aces Electronic Co's highest Cash to Debt Ratio was 5.54. The lowest was 0.45. And the median was 1.10.

TPE:3605's Cash-to-Debt is ranked worse than
75.13% of 2344 companies
in the Hardware industry
Industry Median: 1.34 vs TPE:3605: 0.45

Aces Electronic Co Cash-to-Debt Historical Data

The historical data trend for Aces Electronic Co'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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Aces Electronic Co Cash-to-Debt Chart

Aces Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.78

0.74

0.76

0.63

0.50

Aces Electronic Co 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															0.59	0.51	0.47	0.50	0.45

Competitive Comparison of Aces Electronic Co's Cash-to-Debt

For the Electronic Components subindustry, Aces Electronic Co'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.

Aces Electronic Co's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Aces Electronic Co's Cash-to-Debt falls into.

Aces Electronic Co 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.

Aces Electronic Co'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)
	=	2058.206	/	(2294.068	+	1847.439)
	=	0.50

Aces Electronic Co'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)
	=	1988.172	/	(2300.634	+	2103.887)
	=	0.45

Aces Electronic Co (TPE:3605) 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.

Aces Electronic Co Cash-to-Debt Related Terms

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Aces Electronic Co (TPE:3605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aces Electronic Co Ltd (TPE:3605) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.13,Dongyuan Road, Zhongli District, Taoyuan, TWN, 32063

Website

http://www.acesconn.com

Aces Electronic Co Ltd is engaged in the electronic components business sector. The company offers connector solutions for various electronic applications like NB computers, cellular phones, digital cameras, and others. Aces provide shorter product development and production cycles for businesses. Its product portfolio consists of btb conn, card conn, battery conn, universal serial bus conn, power conn, and other. The Company has 4 reporting segments: connector, connector sets, metal stamping segment and other segment. The connector segment is mainly engaging in processing, manufacturing and selling of connectors. The connector sets segment is mainly engaging in manufacturing and sales of consumer electronics, communication peripherals and industrial connectors sets.

Aces Electronic Co (TPE:3605) Headlines

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