Hangzhou Zhongheng Electric Co (SZSE:002364) Cash-to-Debt : 4.45 (As of Mar. 2024)

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What is Hangzhou Zhongheng 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. Hangzhou Zhongheng Electric Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.45.

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, Hangzhou Zhongheng 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 Hangzhou Zhongheng Electric Co's Cash-to-Debt or its related term are showing as below:

SZSE:002364' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 4.66 Max: No Debt
Current: 4.45

During the past 13 years, Hangzhou Zhongheng Electric Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.72. And the median was 4.66.

SZSE:002364's Cash-to-Debt is ranked better than
70.57% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:002364: 4.45

Hangzhou Zhongheng Electric Co Cash-to-Debt Historical Data

The historical data trend for Hangzhou Zhongheng 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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Hangzhou Zhongheng Electric Co Cash-to-Debt Chart

Hangzhou Zhongheng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.87

1.11

1.41

2.51

3.85

Hangzhou Zhongheng Electric 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															2.79	6.12	1.54	3.85	4.45

Competitive Comparison of Hangzhou Zhongheng Electric Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Hangzhou Zhongheng 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.

Hangzhou Zhongheng Electric Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hangzhou Zhongheng Electric Co's Cash-to-Debt falls into.

Hangzhou Zhongheng 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.

Hangzhou Zhongheng 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)
	=	515.312	/	(132.335	+	1.7)
	=	3.84

Hangzhou Zhongheng 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)
	=	503.208	/	(111.975	+	1.122)
	=	4.45

Hangzhou Zhongheng Electric Co (SZSE:002364) 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.

Hangzhou Zhongheng Electric Co Cash-to-Debt Related Terms

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

Hangzhou Zhongheng Electric Co (SZSE:002364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Zhongheng Electric Co Ltd (SZSE:002364) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 69 Dongxin Avenue, High-tech Zone, Zhongheng Building, Zhijiang Science and Technology Industrial Park, Binjiang District, Hangzhou, CHN, 310053

Website

http://www.hzzh.com

Hangzhou Zhongheng Electric Co Ltd is a China-based provider of electric power informatization software and consulting services. It offers high-frequency switching power systems for the telecommunication, electricity generation, and railway industries. The business segments of the company are Power informatization and Power electronics manufacturing. The products of the company are offered in the categories of power information, electronic manufacturing and energy internet. Its products include power IoT monitoring products, power production lean management products, relay protection setting calculation system, electric vehicle charging station equipment, high-voltage DC power system, energy internet products, and others.

Executives

Zhou Qing Jie	Director
Zhu Guo Ding	Secretary, Director
Zhao Da Chun	Directors, executives
Sun Dan	Directors, executives
Xu Zeng Xin	Executives
Zhang Yong Hao	Director
Xu Yi Jun	Directors, executives
Huang Jing Jing	Supervisors
Chen Zhi Yun	Directors, Directors, and Executives
Song Yu Kun	Securities Affairs Representative
Liao Li Rong	Executives
Qian Tao	Director

Hangzhou Zhongheng Electric Co (SZSE:002364) Headlines

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