Weihai Tiangang Instrument Co (BJSE:832651) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Weihai Tiangang Instrument 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. Weihai Tiangang Instrument Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Weihai Tiangang Instrument Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Weihai Tiangang Instrument Co's Cash-to-Debt or its related term are showing as below:

BJSE:832651' s Cash-to-Debt Range Over the Past 10 Years
Min: 38.63 Med: No Debt Max: No Debt
Current: No Debt

During the past 10 years, Weihai Tiangang Instrument Co's highest Cash to Debt Ratio was No Debt. The lowest was 38.63. And the median was No Debt.

BJSE:832651's Cash-to-Debt is ranked better than
99.76% of 2477 companies
in the Hardware industry
Industry Median: 1.32 vs BJSE:832651: No Debt

Weihai Tiangang Instrument Co Cash-to-Debt Historical Data

The historical data trend for Weihai Tiangang Instrument 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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Weihai Tiangang Instrument Co Cash-to-Debt Chart

Weihai Tiangang Instrument Co Annual Data

Trend

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Dec22

Cash-to-Debt

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No Debt

Weihai Tiangang Instrument Co Quarterly Data
	Dec17	Jun18	Dec18	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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Weihai Tiangang Instrument Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Weihai Tiangang Instrument 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.

Weihai Tiangang Instrument Co's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Weihai Tiangang Instrument Co's Cash-to-Debt falls into.

Weihai Tiangang Instrument 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.

Weihai Tiangang Instrument Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Weihai Tiangang Instrument Co had no debt ⁽¹⁾.

Weihai Tiangang Instrument Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Weihai Tiangang Instrument Co had no debt ⁽¹⁾.

Weihai Tiangang Instrument Co (BJSE:832651) 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.

Weihai Tiangang Instrument Co Cash-to-Debt Related Terms

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Weihai Tiangang Instrument Co (BJSE:832651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Weihai Tiangang Instrument Co Ltd (BJSE:832651) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28-1, Hengrui Street, Weihai High-tech Industrial Development Zone, Huancui District, Shandong Province, Weihai City, CHN, 264200

Website

http://www.plou.cn

Weihai Tiangang Instrument Co Ltd engages in research and development, production, and sales of IoT ultrasonic measuring instruments such as ultrasonic heat meters, ultrasonic flow sensors, data transmission products, and ultrasonic water meters.

Weihai Tiangang Instrument Co (BJSE:832651) Headlines

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Weihai Tiangang Instrument Co (BJSE:832651) Cash-to-Debt : No Debt (1) (As of Mar. 2024)