Haimo Technologies Group (SZSE:300084) Cash-to-Debt : 0.39 (As of Mar. 2024)

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What is Haimo Technologies Group 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. Haimo Technologies Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.39.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Haimo Technologies Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Haimo Technologies Group's Cash-to-Debt or its related term are showing as below:

SZSE:300084' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.35 Max: 1.79
Current: 0.39

During the past 13 years, Haimo Technologies Group's highest Cash to Debt Ratio was 1.79. The lowest was 0.16. And the median was 0.35.

SZSE:300084's Cash-to-Debt is ranked worse than
54.83% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.48 vs SZSE:300084: 0.39

Haimo Technologies Group Cash-to-Debt Historical Data

The historical data trend for Haimo Technologies Group'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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Haimo Technologies Group Cash-to-Debt Chart

Haimo Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.38

0.28

0.23

0.39

Haimo Technologies Group 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															0.22	0.24	0.24	0.39	0.39

Competitive Comparison of Haimo Technologies Group's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Haimo Technologies Group'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.

Haimo Technologies Group's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Haimo Technologies Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Haimo Technologies Group's Cash-to-Debt falls into.

Haimo Technologies Group 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.

Haimo Technologies Group'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)
	=	214.644	/	(522.491	+	31.615)
	=	0.39

Haimo Technologies Group'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)
	=	205.479	/	(492.8	+	30.606)
	=	0.39

Haimo Technologies Group (SZSE:300084) 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.

Haimo Technologies Group Cash-to-Debt Related Terms

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Haimo Technologies Group (SZSE:300084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Haimo Technologies Group Corp (SZSE:300084) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 593, Zhang Sutan, Chengguan District, Gansu Province, Lanzhou, CHN, 730010

Website

http://www.haimotech.com

Haimo Technologies Group Corp is engaged in energy production, equipment supply, environmental protection, and data management and production optimization services. The company also offers multi-phase metering services to oil field service companies. The products and services of the company include fracturing equipment and services, environmental protection equipment and services, and integrated production optimization services.

Haimo Technologies Group (SZSE:300084) Headlines

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