Zenner Metering Technology (Shanghai) (SZSE:301303) Cash-to-Debt : 3.20 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Zenner Metering Technology (Shanghai) 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. Zenner Metering Technology (Shanghai)'s cash to debt ratio for the quarter that ended in Mar. 2024 was 3.20.

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, Zenner Metering Technology (Shanghai) 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 Zenner Metering Technology (Shanghai)'s Cash-to-Debt or its related term are showing as below:

SZSE:301303' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 2.74 Max: 119.63
Current: 3.2

During the past 6 years, Zenner Metering Technology (Shanghai)'s highest Cash to Debt Ratio was 119.63. The lowest was 0.37. And the median was 2.74.

SZSE:301303's Cash-to-Debt is ranked better than
66.08% of 2904 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:301303: 3.20

Zenner Metering Technology (Shanghai) Cash-to-Debt Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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.

* Premium members only.

Zenner Metering Technology (Shanghai) Cash-to-Debt Chart

Zenner Metering Technology (Shanghai) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.57

1.04

1.07

0.85

4.94

Zenner Metering Technology (Shanghai) Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											6.37	119.63	13.91	4.94	3.20

Competitive Comparison of Zenner Metering Technology (Shanghai)'s Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Zenner Metering Technology (Shanghai)'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.

Zenner Metering Technology (Shanghai)'s Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zenner Metering Technology (Shanghai)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zenner Metering Technology (Shanghai)'s Cash-to-Debt falls into.

Zenner Metering Technology (Shanghai) 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.

Zenner Metering Technology (Shanghai)'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)
	=	499.07	/	(20.95	+	80.073)
	=	4.94

Zenner Metering Technology (Shanghai)'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)
	=	535.111	/	(86.966	+	80.073)
	=	3.20

Zenner Metering Technology (Shanghai) (SZSE:301303) 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.

Zenner Metering Technology (Shanghai) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zenner Metering Technology (Shanghai)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zenner Metering Technology (Shanghai) Ltd (SZSE:301303) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703

Website

https://www.zenner-metering.com

Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

Zenner Metering Technology (Shanghai) (SZSE:301303) Headlines

No Headlines