Uni-Trend Technology (China) Co (SHSE:688628) Cash-to-Debt : 7.72 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Uni-Trend Technology (China) 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. Uni-Trend Technology (China) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.72.

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, Uni-Trend Technology (China) 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 Uni-Trend Technology (China) Co's Cash-to-Debt or its related term are showing as below:

SHSE:688628' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 45.05 Max: 150.52
Current: 7.72

During the past 7 years, Uni-Trend Technology (China) Co's highest Cash to Debt Ratio was 150.52. The lowest was 0.24. And the median was 45.05.

SHSE:688628's Cash-to-Debt is ranked better than
75.69% of 2472 companies
in the Hardware industry
Industry Median: 1.36 vs SHSE:688628: 7.72

Uni-Trend Technology (China) Co Cash-to-Debt Historical Data

The historical data trend for Uni-Trend Technology (China) 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.

* Premium members only.

Uni-Trend Technology (China) Co Cash-to-Debt Chart

Uni-Trend Technology (China) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.52

45.05

83.46

101.21

8.82

Uni-Trend Technology (China) Co Quarterly Data
	Dec18	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															137.94	27.23	18.08	8.82	7.72

Competitive Comparison of Uni-Trend Technology (China) Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Uni-Trend Technology (China) 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.

Uni-Trend Technology (China) Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Uni-Trend Technology (China) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Uni-Trend Technology (China) Co's Cash-to-Debt falls into.

Uni-Trend Technology (China) 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.

Uni-Trend Technology (China) 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)
	=	355.998	/	(1.279	+	39.087)
	=	8.82

Uni-Trend Technology (China) 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)
	=	420.961	/	(1.041	+	53.462)
	=	7.72

Uni-Trend Technology (China) Co (SHSE:688628) 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.

Uni-Trend Technology (China) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Uni-Trend Technology (China) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Uni-Trend Technology (China) Co (SHSE:688628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Uni-Trend Technology (China) Co Ltd (SHSE:688628) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Industrial North 1st Road, Songshan Lake High-tech Industrial Development Zone, Guangdong Province, Dongguan, CHN, 523808

Website

https://www.uni-trend.com.cn

Uni-Trend Technology (China) Co Ltd is engaged in the research and development, production and sales of test and measuring instruments.

Uni-Trend Technology (China) Co (SHSE:688628) Headlines

No Headlines