What is China Ming Yang Wind Power 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. China Ming Yang Wind Power Group's cash to debt ratio for the quarter that ended in Sep. 2015 was 1.59.
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, China Ming Yang Wind Power Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2015.
The historical rank and industry rank for China Ming Yang Wind Power Group's Cash-to-Debt or its related term are showing as below:
China Ming Yang Wind Power Group Cash-to-Debt Historical Data
The historical data trend for China Ming Yang Wind Power 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.
China Ming Yang Wind Power Group Cash-to-Debt Chart
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China Ming Yang Wind Power Group Annual Data
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Trend |
Dec08 |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
| Cash-to-Debt |
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2.12 |
0.49 |
0.34 |
1.40 |
1.35 |
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China Ming Yang Wind Power Group Quarterly Data
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Mar11 |
Jun11 |
Sep11 |
Dec11 |
Mar12 |
Jun12 |
Sep12 |
Dec12 |
Mar13 |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
Sep15 |
Dec15 |
| Cash-to-Debt |
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N/A |
0.93 |
1.01 |
1.59 |
1.35 |
Competitive Comparison of China Ming Yang Wind Power Group's Cash-to-Debt
For the Specialty Industrial Machinery subindustry, China Ming Yang Wind Power 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.
China Ming Yang Wind Power Group's Cash-to-Debt Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Ming Yang Wind Power Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where China Ming Yang Wind Power Group's Cash-to-Debt falls into.
China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Business Description
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China Ming Yang Wind Power Group Ltd founded in 2006. The Company is a wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines and the provision of related maintenance services in the People's Republic of China (the "PRC") and the Republic of India ("India"). Its current products consist of (i) basic models of wind turbines with a rated power capacity of 1.5MW, (ii) wind turbines with a rated power capacity of 2.0MW, and (iii) 2.5/3.0MW SCD wind turbines. Each product type may be installed with one of three rotor blade models depending on the location and wind conditions. 1.5MW wind turbines are widely used model in China. As of December 31, 2013, the Company had entered into sales contracts with 45 end customers to deliver 4,804 units of its wind turbines, representing wind power output of approximately 7,588.5MW. Its customers include five Chinese state-owned power producers, namely Huaneng, China Datang, Huadian, China Guodian Corporation, or Guodian, and China Power Investment Corporation, or CPIC, or their alternative energy subsidiaries, such as China Longyuan Power Group Corporation Limited, or Longyuan, a subsidiary of Guodian, and Datang Corporation Renewable Power Co., Limited, or Datang Renewable, a subsidiary of China Datang. The Company also sells wind turbines to regional alternative energy investment companies, regional power producers and wind farm operators in the private sector. Its facilities are currently located in Zhongshan, Tianjin, Jilin, Rudong, Dali, Inner Mongolia and Gansu (including Hami area) in China. The Company has two operating segments, which are manufacture and sale of wind turbines in PRC and the manufacture and sale of wind turbines in India. The Company competes with both domestic and international wind turbine manufacturers. Its domestic competitors include Sinovel, Goldwind, Dongfang Electric and United Power. Its key international competitors in China include Vestas from Denmark, Gamesa Corporación Tecnológica S.A. from Spain and GE Energy, the alternative energy arm of GE from the United States.In addition, the wind power industry also faces competition from conventional and non-wind power alternative energy technologies.
China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Headlines
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