Eastech Holding (TPE:5225) Cash-to-Debt : 11.40 (As of Mar. 2024)

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What is Eastech Holding 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. Eastech Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 11.40.

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

TPE:5225' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 0.88 Max: 11.4
Current: 11.4

During the past 13 years, Eastech Holding's highest Cash to Debt Ratio was 11.40. The lowest was 0.39. And the median was 0.88.

TPE:5225's Cash-to-Debt is ranked better than
79.01% of 2344 companies
in the Hardware industry
Industry Median: 1.34 vs TPE:5225: 11.40

Eastech Holding Cash-to-Debt Historical Data

The historical data trend for Eastech Holding'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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Eastech Holding Cash-to-Debt Chart

Eastech Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.03

0.76

0.39

3.16

7.10

Eastech Holding 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															3.02	3.72	7.56	7.10	11.40

Competitive Comparison of Eastech Holding's Cash-to-Debt

For the Consumer Electronics subindustry, Eastech Holding'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.

Eastech Holding's Cash-to-Debt Distribution in the Hardware Industry

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

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

Eastech Holding 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.

Eastech Holding'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)
	=	2186.69	/	(211.683	+	96.472)
	=	7.10

Eastech Holding'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)
	=	2075.295	/	(99.619	+	82.378)
	=	11.40

Eastech Holding (TPE:5225) 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.

Eastech Holding Cash-to-Debt Related Terms

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

Eastech Holding (TPE:5225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eastech Holding Ltd (TPE:5225) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8F-1, No. 188, Baoqiao Road, Xindian District, New Taipei City, TWN, 23145

Website

https://www.eastech.com

Eastech Holding Ltd is engaged in the design and manufacturing of acoustics, electronics, hardware, software, and systems engineering. Its transducers catalog covers standard design transducers, headphones and earphone transducers, scan-speak designed transducers, and others. The company offered products have applications in voice control products, Bluetooth systems, Wi-Fi systems, multi-channel sound systems, soundbar systems, active and passive speakers, home speakers, and headphones, among others. Geographically, the company operates in South Korea, Japan, China, Sweden, Denmark, and others and it derives a majority of its revenue from South Korea.

Eastech Holding (TPE:5225) Headlines

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