Zhuhai Pilot Technology Co (BJSE:831175) Cash-to-Debt : 18.76 (As of Mar. 2024)

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What is Zhuhai Pilot 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. Zhuhai Pilot Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 18.76.

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, Zhuhai Pilot 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 Zhuhai Pilot Technology Co's Cash-to-Debt or its related term are showing as below:

BJSE:831175' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.02 Med: No Debt Max: No Debt
Current: 18.76

During the past 12 years, Zhuhai Pilot Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.02. And the median was No Debt.

BJSE:831175's Cash-to-Debt is ranked better than
83.19% of 2475 companies
in the Hardware industry
Industry Median: 1.34 vs BJSE:831175: 18.76

Zhuhai Pilot Technology Co Cash-to-Debt Historical Data

The historical data trend for Zhuhai Pilot 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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Zhuhai Pilot Technology Co Cash-to-Debt Chart

Zhuhai Pilot Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

80.57

5.88

3.46

18.33

Zhuhai Pilot Technology Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.60	3.31	5.19	18.33	18.76

Competitive Comparison of Zhuhai Pilot Technology Co's Cash-to-Debt

For the Electronic Components subindustry, Zhuhai Pilot 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.

Zhuhai Pilot Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhuhai Pilot Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhuhai Pilot Technology Co's Cash-to-Debt falls into.

Zhuhai Pilot 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.

Zhuhai Pilot 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)
	=	233.571	/	(7.213	+	5.529)
	=	18.33

Zhuhai Pilot 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)
	=	231.338	/	(7.21	+	5.125)
	=	18.75

Zhuhai Pilot Technology Co (BJSE:831175) 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.

Zhuhai Pilot Technology Co Cash-to-Debt Related Terms

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

Zhuhai Pilot Technology Co (BJSE:831175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhuhai Pilot Technology Co Ltd (BJSE:831175) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 15, Coast Science and Technology 6th Road, Floors 1 to 3, Building 1, High-tech Zone, Guangdong, Zhuhai, CHN, 519000

Website

http://www.pmac.com.cn

Zhuhai Pilot Technology Co Ltd Provides energy Internet of Things products and energy digital solutions to power user-side customers such as large buildings, data centers, finance, hospitals, transportation hubs, and industrial parks. Its main products include intelligent power measurement and control protection, energy and key equipment IoT management and control platform, smart energy dual-carbon integrated management platform, electric Car charging equipment and system platforms form a safe, economical, and low-carbon digital energy service system based on data and algorithms.

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