Shenzhen China Bicycle Co Holding (SZSE:000017) Cash-to-Debt : 15.04 (As of Mar. 2024)

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What is Shenzhen China Bicycle Co Holding 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. Shenzhen China Bicycle Co Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 15.04.

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, Shenzhen China Bicycle Co Holding 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 Shenzhen China Bicycle Co Holding's Cash-to-Debt or its related term are showing as below:

SZSE:000017' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.36 Med: No Debt Max: No Debt
Current: 15.04

During the past 13 years, Shenzhen China Bicycle Co Holding's highest Cash to Debt Ratio was No Debt. The lowest was 5.36. And the median was No Debt.

SZSE:000017's Cash-to-Debt is ranked better than
84.74% of 819 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs SZSE:000017: 15.04

Shenzhen China Bicycle Co Holding Cash-to-Debt Historical Data

The historical data trend for Shenzhen China Bicycle Co Holding'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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Shenzhen China Bicycle Co Holding Cash-to-Debt Chart

Shenzhen China Bicycle Co Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

6.52

19.73

259.24

29.02

Shenzhen China Bicycle Co Holding 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															600.48	No Debt	5.36	29.02	15.04

Competitive Comparison of Shenzhen China Bicycle Co Holding's Cash-to-Debt

For the Leisure subindustry, Shenzhen China Bicycle Co Holding'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.

Shenzhen China Bicycle Co Holding's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shenzhen China Bicycle Co Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen China Bicycle Co Holding's Cash-to-Debt falls into.

Shenzhen China Bicycle Co Holding 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.

Shenzhen China Bicycle Co Holding'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)
	=	54.149	/	(0.847	+	1.019)
	=	29.02

Shenzhen China Bicycle Co Holding'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)
	=	24.952	/	(0.86	+	0.799)
	=	15.04

Shenzhen China Bicycle Co Holding (SZSE:000017) 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.

Shenzhen China Bicycle Co Holding Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shenzhen China Bicycle Co Holding's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen China Bicycle Co Holding (SZSE:000017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shenzhen China Bicycle Co Holding Ltd (SZSE:000017) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

200017:China

Address

No.31 Bagua Road, 501 Zhongxin Technology Building, Futian District, Bagualing, Shenzhen, CHN, 518029

Website

http://www.cbc.com.cn

Shenzhen China Bicycle Co Holding Ltd is a China-based company engaged in the manufacturing and selling of Bicycles. The company belongs to the machinery manufacture industry and mainly engages in the production and assembly of various bicycles and spare parts, components, parts, mechanical products, sports machinery, fine chemicals, carbon fiber composites material, household electrical appliance, and affiliated components. It operates in two segments: Jewelry Gold Business and Bicycle lithium battery materials & other business.

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