Chaowei Power Holdings (HKSE:00951) Cash-to-Debt : 0.44 (As of Jun. 2024)

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What is Chaowei Power Holdings 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. Chaowei Power Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.44.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Chaowei Power Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:00951' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.41 Max: 0.54
Current: 0.39

During the past 13 years, Chaowei Power Holdings's highest Cash to Debt Ratio was 0.54. The lowest was 0.16. And the median was 0.41.

HKSE:00951's Cash-to-Debt is ranked worse than
57.87% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs HKSE:00951: 0.39

Chaowei Power Holdings Cash-to-Debt Historical Data

The historical data trend for Chaowei Power Holdings'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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Chaowei Power Holdings Cash-to-Debt Chart

Chaowei Power Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.45

0.50

0.41

0.54

0.39

Chaowei Power Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.41	0.41	0.54	0.44	0.39

Competitive Comparison of Chaowei Power Holdings's Cash-to-Debt

For the Auto Parts subindustry, Chaowei Power Holdings'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.

Chaowei Power Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

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Chaowei Power Holdings 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.

Chaowei Power Holdings'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)
	=	3978.9	/	(5701.772	+	1652.499)
	=	0.54

Chaowei Power Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	3132.398	/	(5473.508	+	1651.856)
	=	0.44

Chaowei Power Holdings (HKSE:00951) 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.

Chaowei Power Holdings Cash-to-Debt Related Terms

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

Chaowei Power Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (HKSE:00951) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EWC:Germany

Address

No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100

Website

https://www.chaowei.com.hk

Chaowei Power Holdings Ltd is engaged in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries and other related products, which are primarily used in electric bikes, electric tricycles and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.

Executives

Fang Jianjun	2202 Interest of your spouse
Zhou Mingming	2201 Interest of corporation controlled by you
Yang Yunfei	2202 Interest of your spouse
Zhou Longrui	2201 Interest of corporation controlled by you
Great State Investments Limited	2101 Beneficial owner
Bai Xiang Limited
Tianneng International Investment Holdings Limited	2201 Interest of corporation controlled by you
Tianneng Power International Limited	2201 Interest of corporation controlled by you

Chaowei Power Holdings Headlines

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