Xi an Actionpower Electric Co (SHSE:688719) Cash-to-Debt : 89.14 (As of Mar. 2024)

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What is Xi an Actionpower Electric 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. Xi an Actionpower Electric Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 89.14.

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, Xi an Actionpower Electric 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 Xi an Actionpower Electric Co's Cash-to-Debt or its related term are showing as below:

SHSE:688719' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 0.88 Max: 102.72
Current: 89.14

During the past 8 years, Xi an Actionpower Electric Co's highest Cash to Debt Ratio was 102.72. The lowest was 0.35. And the median was 0.88.

SHSE:688719's Cash-to-Debt is ranked better than
89.25% of 3006 companies
in the Industrial Products industry
Industry Median: 1.175 vs SHSE:688719: 89.14

Xi an Actionpower Electric Co Cash-to-Debt Historical Data

The historical data trend for Xi an Actionpower Electric 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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Xi an Actionpower Electric Co Cash-to-Debt Chart

Xi an Actionpower Electric Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.35

0.89

0.88

0.58

102.72

Xi an Actionpower Electric Co Quarterly Data
	Dec12	Dec13	Dec14	Mar15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											N/A	0.56	10.72	102.72	89.14

Competitive Comparison of Xi an Actionpower Electric Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Xi an Actionpower Electric 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.

Xi an Actionpower Electric Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xi an Actionpower Electric Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xi an Actionpower Electric Co's Cash-to-Debt falls into.

Xi an Actionpower Electric 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.

Xi an Actionpower Electric 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)
	=	1246.123	/	(9.238	+	2.893)
	=	102.72

Xi an Actionpower Electric 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)
	=	1160.542	/	(7	+	6.02)
	=	89.14

Xi an Actionpower Electric Co (SHSE:688719) 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.

Xi an Actionpower Electric Co Cash-to-Debt Related Terms

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Xi an Actionpower Electric Co (SHSE:688719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xi an Actionpower Electric Co Ltd (SHSE:688719) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Information Avenue, New Industrial Park, High-tech Zone, Shaanxi, Xi'an, CHN, 710119

Website

http://www.cnaction.com

Xi an Actionpower Electric Co Ltd is engaged in research and development, production and sales of power electronic conversion and control equipment.

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