Maike Tube Industry Holdings (HKSE:01553) Cash-to-Debt : 2.11 (As of Dec. 2023)

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What is Maike Tube Industry 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. Maike Tube Industry Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.11.

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, Maike Tube Industry Holdings 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 Maike Tube Industry Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01553' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.59 Max: 2.69
Current: 2.11

During the past 8 years, Maike Tube Industry Holdings's highest Cash to Debt Ratio was 2.69. The lowest was 0.18. And the median was 0.59.

HKSE:01553's Cash-to-Debt is ranked better than
75.93% of 615 companies
in the Steel industry
Industry Median: 0.45 vs HKSE:01553: 2.11

Maike Tube Industry Holdings Cash-to-Debt Historical Data

The historical data trend for Maike Tube Industry 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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Maike Tube Industry Holdings Cash-to-Debt Chart

Maike Tube Industry Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.94

2.69

0.49

0.69

2.11

Maike Tube Industry Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.49	0.48	0.69	0.81	2.11

Competitive Comparison of Maike Tube Industry Holdings's Cash-to-Debt

For the Steel subindustry, Maike Tube Industry 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.

Maike Tube Industry Holdings's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maike Tube Industry Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Maike Tube Industry Holdings's Cash-to-Debt falls into.

Maike Tube Industry 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.

Maike Tube Industry 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)
	=	98.906	/	(43.631	+	3.356)
	=	2.10

Maike Tube Industry Holdings'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)
	=	98.906	/	(43.631	+	3.356)
	=	2.10

Maike Tube Industry Holdings (HKSE:01553) 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.

Maike Tube Industry Holdings Cash-to-Debt Related Terms

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

Maike Tube Industry Holdings (HKSE:01553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maike Tube Industry Holdings Ltd (HKSE:01553) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400

Website

http://www.mechpipingtech.com

Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.

Executives

Zhang Jing Ru	2202 Interest of your spouse
Zhao Pu	2101 Beneficial owner
Kong Linglei	2201 Interest of corporation controlled by you
Ying Stone Holdings Limited	2101 Beneficial owner
Tong Chuang Sheng De Limited	2101 Beneficial owner
Tong Chuang Xing De Limited	2101 Beneficial owner
Shang Hai Heng Yuan Guo Ji Tou Zi You Xian Gong Si	2101 Beneficial owner

Maike Tube Industry Holdings (HKSE:01553) Headlines

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