Jiangsu Shengnan Electronic Technology Co (BJSE:837006) Cash-to-Debt : 3.57 (As of Mar. 2024)

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What is Jiangsu Shengnan Electronic 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. Jiangsu Shengnan Electronic Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.57.

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, Jiangsu Shengnan Electronic 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 Jiangsu Shengnan Electronic Technology Co's Cash-to-Debt or its related term are showing as below:

BJSE:837006' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.3 Max: 887.36
Current: 3.57

During the past 10 years, Jiangsu Shengnan Electronic Technology Co's highest Cash to Debt Ratio was 887.36. The lowest was 0.10. And the median was 0.30.

BJSE:837006's Cash-to-Debt is ranked better than
73.87% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.705 vs BJSE:837006: 3.57

Jiangsu Shengnan Electronic Technology Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu Shengnan Electronic 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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Jiangsu Shengnan Electronic Technology Co Cash-to-Debt Chart

Jiangsu Shengnan Electronic Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.29

0.22

0.25

4.85

887.36

Jiangsu Shengnan Electronic Technology Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	9.89	6.75	5.29	3.57

Competitive Comparison of Jiangsu Shengnan Electronic Technology Co's Cash-to-Debt

For the Aerospace & Defense subindustry, Jiangsu Shengnan Electronic 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.

Jiangsu Shengnan Electronic Technology Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Jiangsu Shengnan Electronic Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu Shengnan Electronic Technology Co's Cash-to-Debt falls into.

Jiangsu Shengnan Electronic 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.

Jiangsu Shengnan Electronic Technology Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	24.846	/	(0.028	+	0)
	=	887.36

Jiangsu Shengnan Electronic 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)
	=	153.468	/	(43	+	0)
	=	3.57

Jiangsu Shengnan Electronic Technology Co (BJSE:837006) 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.

Jiangsu Shengnan Electronic Technology Co Cash-to-Debt Related Terms

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Jiangsu Shengnan Electronic Technology Co (BJSE:837006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Jiangsu Shengnan Electronic Technology Co Ltd (BJSE:837006) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Kechuang Road,, Chengdong Industrial Park, Taixing City, Jiangsu Province, Taizhou City, CHN, 225400

Website

http://www.jssndz.com

Jiangsu Shengnan Electronic Technology Co Ltd engages in research, development, production, and sales of aviation equipment manufacturing and related products in the field of military power supplies. The main products include aerospace machinery products such as aviation deceleration controllers, aviation dampers, and comprehensive power supply products such as transformer rectifiers and relay boxes.

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