Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) Cash-to-Debt : 4.52 (As of Mar. 2024)

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What is Jiangsu Wuyang Automation Control Technology 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. Jiangsu Wuyang Automation Control Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.52.

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, Jiangsu Wuyang Automation Control Technology 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 Jiangsu Wuyang Automation Control Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300420' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 3.46 Max: No Debt
Current: 4.52

During the past 13 years, Jiangsu Wuyang Automation Control Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 3.46.

SZSE:300420's Cash-to-Debt is ranked better than
80.19% of 525 companies
in the Conglomerates industry
Industry Median: 0.48 vs SZSE:300420: 4.52

Jiangsu Wuyang Automation Control Technology Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu Wuyang Automation Control Technology 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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Jiangsu Wuyang Automation Control Technology Co Cash-to-Debt Chart

Jiangsu Wuyang Automation Control Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.88

3.08

1.73

3.91

4.42

Jiangsu Wuyang Automation Control Technology 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															3.18	3.16	3.76	4.42	4.52

Competitive Comparison of Jiangsu Wuyang Automation Control Technology Co's Cash-to-Debt

For the Conglomerates subindustry, Jiangsu Wuyang Automation Control Technology 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.

Jiangsu Wuyang Automation Control Technology Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jiangsu Wuyang Automation Control Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu Wuyang Automation Control Technology Co's Cash-to-Debt falls into.

Jiangsu Wuyang Automation Control Technology 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.

Jiangsu Wuyang Automation Control Technology 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)
	=	787.204	/	(114.189	+	63.856)
	=	4.42

Jiangsu Wuyang Automation Control Technology 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)
	=	745.269	/	(101.111	+	63.874)
	=	4.52

Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) 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.

Jiangsu Wuyang Automation Control Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jiangsu Wuyang Automation Control Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jiangsu Wuyang Automation Control Technology Co Ltd (SZSE:300420) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of Yinshan Road, Zhujiang North Road, Tongshan New District, Xuzhou, CHN, 221116

Website

http://www.wuyangkeji.com

Jiangsu Wuyang Parking Industry Group Co Ltd is a conglomerate. Its main business covers intelligent garage, automated production line, three-dimensional storage, mine safety equipment, unmanned ships, financial services, six major sections, with Wuyang, Flextronics two brands, under the jurisdiction of Xuzhou, Shenzhen, Hefei and other bases. Based on industrial control technology, the company focuses on the Research and Development, design, production, and sales of automation equipment. It also has a smart garage business.

Executives

Hou You Fu	Director
Zhang Ye	Supervisors
Hu Yun Gao	Directors, executives
Cai Min	Director
Sun Jin Ming	Directors, executives
Liu Long Bao	Director
Tong Min	Director
Zhang Li Yong	Directors, executives
Wang Chong Gui	Independent director
Du Jin Feng	Director

Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) Headlines

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