Changchun Engley Automobile Industry Co (SHSE:601279) Cash-to-Debt : 1.10 (As of Mar. 2024)

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What is Changchun Engley Automobile Industry 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. Changchun Engley Automobile Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.10.

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, Changchun Engley Automobile Industry 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 Changchun Engley Automobile Industry Co's Cash-to-Debt or its related term are showing as below:

SHSE:601279' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.97 Max: 1.26
Current: 1.1

During the past 8 years, Changchun Engley Automobile Industry Co's highest Cash to Debt Ratio was 1.26. The lowest was 0.36. And the median was 0.97.

SHSE:601279's Cash-to-Debt is ranked better than
62.1% of 1240 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SHSE:601279: 1.10

Changchun Engley Automobile Industry Co Cash-to-Debt Historical Data

The historical data trend for Changchun Engley Automobile Industry 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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Changchun Engley Automobile Industry Co Cash-to-Debt Chart

Changchun Engley Automobile Industry Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.61

0.99

1.21

0.96

1.22

Changchun Engley Automobile Industry Co Quarterly Data
	Dec18	Jun19	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															0.83	0.72	0.68	1.22	1.10

Competitive Comparison of Changchun Engley Automobile Industry Co's Cash-to-Debt

For the Auto Parts subindustry, Changchun Engley Automobile Industry 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.

Changchun Engley Automobile Industry Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changchun Engley Automobile Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Changchun Engley Automobile Industry Co's Cash-to-Debt falls into.

Changchun Engley Automobile Industry 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.

Changchun Engley Automobile Industry 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)
	=	1683.805	/	(468.687	+	910.828)
	=	1.22

Changchun Engley Automobile Industry 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)
	=	1608.702	/	(532.927	+	931.332)
	=	1.10

Changchun Engley Automobile Industry Co (SHSE:601279) 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.

Changchun Engley Automobile Industry Co Cash-to-Debt Related Terms

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Changchun Engley Automobile Industry Co (SHSE:601279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changchun Engley Automobile Industry Co Ltd (SHSE:601279) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 888, Shunda Road, High-tech Zone, Jilin Province, Changchun, CHN, 130021

Website

http://www.engley.com

Changchun Engley Automobile Industry Co Ltd is engaged in the design, research and development, manufacturing and sales of body structure components and anti-collision system components. The company's main products include metallic and Non-metallic products. The metallic parts are mainly Cross Car beams, bumps, thresholds, battery lower shells and other body stamping parts: Non-metallic products include front end modules, underbody coves, spare tire warehouses, EV battery upper shell, battery trays and wheel guards.

Changchun Engley Automobile Industry Co (SHSE:601279) Headlines

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