Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Cash-to-Debt : 0.71 (As of Mar. 2024)

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What is Guangdong Create Century Intelligent Equipment 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. Guangdong Create Century Intelligent Equipment Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.71.

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, Guangdong Create Century Intelligent Equipment 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 Guangdong Create Century Intelligent Equipment Group's Cash-to-Debt or its related term are showing as below:

SZSE:300083' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.64 Max: 2.86
Current: 0.71

During the past 13 years, Guangdong Create Century Intelligent Equipment Group's highest Cash to Debt Ratio was 2.86. The lowest was 0.23. And the median was 0.64.

SZSE:300083's Cash-to-Debt is ranked worse than
60.6% of 3000 companies
in the Industrial Products industry
Industry Median: 1.205 vs SZSE:300083: 0.71

Guangdong Create Century Intelligent Equipment Group Cash-to-Debt Historical Data

The historical data trend for Guangdong Create Century Intelligent Equipment 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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Guangdong Create Century Intelligent Equipment Group Cash-to-Debt Chart

Guangdong Create Century Intelligent Equipment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.40

0.38

0.70

0.73

0.80

Guangdong Create Century Intelligent Equipment 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															0.56	0.58	0.74	0.80	0.71

Competitive Comparison of Guangdong Create Century Intelligent Equipment Group's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Guangdong Create Century Intelligent Equipment 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.

Guangdong Create Century Intelligent Equipment Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Create Century Intelligent Equipment Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong Create Century Intelligent Equipment Group's Cash-to-Debt falls into.

Guangdong Create Century Intelligent Equipment 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.

Guangdong Create Century Intelligent Equipment 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)
	=	725.785	/	(451.103	+	461.973)
	=	0.79

Guangdong Create Century Intelligent Equipment 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)
	=	1154.592	/	(1074.995	+	549.929)
	=	0.71

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) 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.

Guangdong Create Century Intelligent Equipment Group Cash-to-Debt Related Terms

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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Create Century Intelligent Equipment Group Corp Ltd (SZSE:300083) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Weifeng Road, Jinsheng Intelligent Manufacturing Industrial Park, Administrative Office Building, Dongcheng District, Guangdong Province, Dongguan, CHN, 523007

Website

http://www.januscn.com

Guangdong Create Century Intelligent Equipment Corp Ltd is engaged in research and development, production, sales and service of high-end intelligent equipment, with a complete range of CNC machine tools, including drilling and tapping machines, vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, engraving and milling machines, and glass Series of precision processing equipment such as precision engraving machines, high-light machines, laser cutting machines. It is widely used in the processing of core components in the 5G industry chain, 3C consumer electronics, machinery manufacturing, medical equipment, new energy vehicles, auto parts, construction machinery and other fields.

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Headlines

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