Xinjiang Machinery Research Institute Co (SZSE:300159) Cash-to-Debt : 0.23 (As of Mar. 2024)

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What is Xinjiang Machinery Research Institute 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. Xinjiang Machinery Research Institute Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.23.

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, Xinjiang Machinery Research Institute Co 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 Xinjiang Machinery Research Institute Co's Cash-to-Debt or its related term are showing as below:

SZSE:300159' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.22 Max: No Debt
Current: 0.23

During the past 13 years, Xinjiang Machinery Research Institute Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 0.22.

SZSE:300159's Cash-to-Debt is ranked worse than
70.5% of 200 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.625 vs SZSE:300159: 0.23

Xinjiang Machinery Research Institute Co Cash-to-Debt Historical Data

The historical data trend for Xinjiang Machinery Research Institute 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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Xinjiang Machinery Research Institute Co Cash-to-Debt Chart

Xinjiang Machinery Research Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.14

0.09

0.23

0.28

Xinjiang Machinery Research Institute 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															0.25	0.23	0.31	0.28	0.23

Competitive Comparison of Xinjiang Machinery Research Institute Co's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Xinjiang Machinery Research Institute 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.

Xinjiang Machinery Research Institute Co's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Xinjiang Machinery Research Institute Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xinjiang Machinery Research Institute Co's Cash-to-Debt falls into.

Xinjiang Machinery Research Institute 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.

Xinjiang Machinery Research Institute 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)
	=	486.716	/	(1501.242	+	267.806)
	=	0.28

Xinjiang Machinery Research Institute 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)
	=	395.054	/	(1449.23	+	256.816)
	=	0.23

Xinjiang Machinery Research Institute Co (SZSE:300159) 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.

Xinjiang Machinery Research Institute Co Cash-to-Debt Related Terms

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Xinjiang Machinery Research Institute Co (SZSE:300159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Machinery Research Institute Co Ltd (SZSE:300159) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Xinjiang 239, Beijing Road, Urumqi, Beijing, CHN, 830,013

Website

http://www.xjjxy.com.cn

Xinjiang Machinery Research Institute Co Ltd is engaged in the research, design, manufacture, and sale of agricultural and livestock machinery. The company specializes in medium and high-end agricultural and animal husbandry machinery products. The main products include series wheeled tractors, farming machinery, large self-propelled grain harvester family, self-propelled corn harvester series, straw forage harvester series, cash crop harvesting machine, and fruit machine.

Executives

Wu Yang	Directors, executives
Zhou Wei Hua	Director
Feng Guo Xiang	Supervisors
Yang Li Jun	Director
Jiang Ren Xi	Executives
Wang Xiao Yu	Executives
Mao Shan Yi	Supervisors
Li Ji Lan	Executives
Jin Fan	Executives
Si Wen Feng	Director
A Li Mu Mai Mai Ti Tu Er Xun	Supervisors
Wang Jian Jun	Directors, Directors, and Executives
Li Li	Director

Xinjiang Machinery Research Institute Co (SZSE:300159) Headlines

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