Tianneng Power International (HKSE:00819) Cash-to-Debt : 1.13 (As of Dec. 2023)

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What is Tianneng Power International 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. Tianneng Power International's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.13.

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, Tianneng Power International could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Tianneng Power International's Cash-to-Debt or its related term are showing as below:

HKSE:00819' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 1.83 Max: 4.27
Current: 1.13

During the past 13 years, Tianneng Power International's highest Cash to Debt Ratio was 4.27. The lowest was 0.46. And the median was 1.83.

HKSE:00819's Cash-to-Debt is ranked better than
62.98% of 1240 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs HKSE:00819: 1.13

Tianneng Power International Cash-to-Debt Historical Data

The historical data trend for Tianneng Power International'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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Tianneng Power International Cash-to-Debt Chart

Tianneng Power International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.21

4.27

2.62

1.47

1.13

Tianneng Power International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.62	1.56	1.47	1.14	1.13

Competitive Comparison of Tianneng Power International's Cash-to-Debt

For the Auto Parts subindustry, Tianneng Power International'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.

Tianneng Power International's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianneng Power International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tianneng Power International's Cash-to-Debt falls into.

Tianneng Power International 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.

Tianneng Power International'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)
	=	11205.766	/	(6833.892	+	3098.774)
	=	1.13

Tianneng Power International's Cash to Debt Ratio for the quarter 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)
	=	11205.766	/	(6833.892	+	3098.774)
	=	1.13

Tianneng Power International (HKSE:00819) 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.

Tianneng Power International Cash-to-Debt Related Terms

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

Tianneng Power International (HKSE:00819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianneng Power International Ltd (HKSE:00819) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TIANF:USA

Address

18 Harbour Road, Suite 3202, 32nd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.tianneng.com.hk

Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Yang Yaping	2202 Interest of your spouse
Zhang Tianren	2201 Interest of corporation controlled by you
Prime Leader Global Limited	2101 Beneficial owner

Tianneng Power International (HKSE:00819) Headlines

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