Nano Labs (Nano Labs) Cash-to-Debt : 0.32 (As of Dec. 2023)

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What is Nano Labs 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. Nano Labs's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.32.

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, Nano Labs couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

NA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 4.94 Max: 36.19
Current: 0.32

During the past 4 years, Nano Labs's highest Cash to Debt Ratio was 36.19. The lowest was 0.32. And the median was 4.94.

NA's Cash-to-Debt is ranked worse than
83.6% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs NA: 0.32

Nano Labs Cash-to-Debt Historical Data

The historical data trend for Nano Labs'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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Nano Labs Cash-to-Debt Chart

Nano Labs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

6.16

36.19

3.71

0.32

Nano Labs Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				10.62	7.26	3.71	0.23	0.32

Competitive Comparison of Nano Labs's Cash-to-Debt

For the Semiconductors subindustry, Nano Labs'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.

Nano Labs's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Nano Labs 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.

Nano Labs'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)
	=	6.746	/	(3.766	+	17.365)
	=	0.32

Nano Labs's Cash to Debt Ratio for the quarter 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)
	=	6.746	/	(3.766	+	17.365)
	=	0.32

Nano Labs (NAS:NA) 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.

Nano Labs Cash-to-Debt Related Terms

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Nano Labs (Nano Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nano Labs Ltd (NAS:NA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 29, East Jiefang Road, 30th Floor, Dikaiyinzuo, Zhejiang, Hangzhou, CHN

Website

https://www.nano.cn

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.