Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Cash-to-Debt : 123.74 (As of Sep. 2024)

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What is Jiangsu DINGS Intelligent Control 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 DINGS Intelligent Control Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 123.74.

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 DINGS Intelligent Control Technology Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Jiangsu DINGS Intelligent Control Technology Co's Cash-to-Debt or its related term are showing as below:

BJSE:873593' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.14 Med: 30.21 Max: No Debt
Current: 123.74

During the past 5 years, Jiangsu DINGS Intelligent Control Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 8.14. And the median was 30.21.

BJSE:873593's Cash-to-Debt is ranked better than
90.21% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs BJSE:873593: 123.74

Jiangsu DINGS Intelligent Control Technology Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu DINGS Intelligent Control 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 DINGS Intelligent Control Technology Co Cash-to-Debt Chart

Jiangsu DINGS Intelligent Control Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

8.14

10.05

Jiangsu DINGS Intelligent Control Technology Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															69.16	70.54	62.00	58.51	123.74

Competitive Comparison of Jiangsu DINGS Intelligent Control Technology Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Jiangsu DINGS Intelligent Control 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 DINGS Intelligent Control Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu DINGS Intelligent Control Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu DINGS Intelligent Control Technology Co's Cash-to-Debt falls into.

Jiangsu DINGS Intelligent Control 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 DINGS Intelligent Control 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)
	=	152.758	/	(11.763	+	3.438)
	=	10.05

Jiangsu DINGS Intelligent Control Technology Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	333.716	/	(2.697	+	0)
	=	123.74

Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) 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 DINGS Intelligent Control Technology Co Cash-to-Debt Related Terms

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Jiangsu DINGS Intelligent Control Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu DINGS Intelligent Control Technology Co Ltd (BJSE:873593) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 355, Longjin Road, Lucheng Street, Changzhou Economic Development Zone, Jiangsu Province, Nanjing, CHN, 213000

Website

https://www.dingsmotion.cn

Jiangsu DINGS Intelligent Control Technology Co Ltd engages in the design, development, production, and sales of linear actuators, hybrid stepper motors, DC motors, voice coil motors, and their components. Its product offering comprises Stepper Lead Screw Linear Actuator, Stepper Ball Screw Linear Actuator, PM Linear Actuator, Hybrid Rotary Stepper Motor., Hollow Shaft Stepper Motor, Brushless DC Motor, Slotless Brushless DC Motor, Voice Coil Motor, Motion Controller, Customization Options, Gripper, and DLM Series.

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