Inner Mongolia First Machinery Group Co (SHSE:600967) Cash-to-Debt : 43.79 (As of Mar. 2024)

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What is Inner Mongolia First Machinery Group 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. Inner Mongolia First Machinery Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 43.79.

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, Inner Mongolia First Machinery Group Co 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 Inner Mongolia First Machinery Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:600967' s Cash-to-Debt Range Over the Past 10 Years
Min: 13.15 Med: 56.97 Max: 611.02
Current: 43.79

During the past 13 years, Inner Mongolia First Machinery Group Co's highest Cash to Debt Ratio was 611.02. The lowest was 13.15. And the median was 56.97.

SHSE:600967's Cash-to-Debt is ranked better than
87.5% of 296 companies
in the Aerospace & Defense industry
Industry Median: 0.74 vs SHSE:600967: 43.79

Inner Mongolia First Machinery Group Co Cash-to-Debt Historical Data

The historical data trend for Inner Mongolia First Machinery Group 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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Inner Mongolia First Machinery Group Co Cash-to-Debt Chart

Inner Mongolia First Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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133.44

146.42

183.43

77.19

84.53

Inner Mongolia First Machinery Group 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															79.74	31.18	53.13	84.53	43.79

Competitive Comparison of Inner Mongolia First Machinery Group Co's Cash-to-Debt

For the Aerospace & Defense subindustry, Inner Mongolia First Machinery Group 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.

Inner Mongolia First Machinery Group Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Inner Mongolia First Machinery Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Inner Mongolia First Machinery Group Co's Cash-to-Debt falls into.

Inner Mongolia First Machinery Group 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.

Inner Mongolia First Machinery Group 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)
	=	5027.146	/	(40.121	+	19.352)
	=	84.53

Inner Mongolia First Machinery Group 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)
	=	3266.983	/	(55.261	+	19.352)
	=	43.79

Inner Mongolia First Machinery Group Co (SHSE:600967) 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.

Inner Mongolia First Machinery Group Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Inner Mongolia First Machinery Group Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Inner Mongolia First Machinery Group Co (SHSE:600967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Inner Mongolia First Machinery Group Co Ltd (SHSE:600967) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Democratic Road, Inner Mongolia Autonomous Region, Qingshan District, Baotou, CHN, 014030

Website

http://www.bfcy.cc

Inner Mongolia First Machinery Group Co Ltd manufactures and distributes freight cars, gondola cars, tank cars, flatcars, boxcars, hopper cars, brake beams, bogies, and axles. The other business involves the research and development, sales, and manufacturing of railway trucks and parts, machinery equipment, and pressure vessels. The companies export region covers Asia, Africa, South America, and North America and other countries and regions.

Executives

Wang Yu	senior management
Wang Bao Ying	senior management
Wang Yong Le	Directors, senior managers
Wang Tong	Directors, senior managers
Li Jian Wei	senior management
Cao Fu Hui	senior management
Ding Li Sheng	Director
Wu Jie	Directors, senior managers
Wei Jin Zhong	Directors, senior managers
Li Quan Wen	Director
Jia Rui	senior management
Li Guo Hao	senior management

Inner Mongolia First Machinery Group Co (SHSE:600967) Headlines

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