AviChina Industry & Technology Co (HKSE:02357) Cash-to-Debt : 1.56 (As of Dec. 2023)

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What is AviChina Industry & 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. AviChina Industry & Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.56.

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, AviChina Industry & Technology Co 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 AviChina Industry & Technology Co's Cash-to-Debt or its related term are showing as below:

HKSE:02357' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.97 Med: 1.31 Max: 1.94
Current: 1.56

During the past 13 years, AviChina Industry & Technology Co's highest Cash to Debt Ratio was 1.94. The lowest was 0.97. And the median was 1.31.

HKSE:02357's Cash-to-Debt is ranked better than
64.67% of 300 companies
in the Aerospace & Defense industry
Industry Median: 0.765 vs HKSE:02357: 1.56

AviChina Industry & Technology Co Cash-to-Debt Historical Data

The historical data trend for AviChina Industry & 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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AviChina Industry & Technology Co Cash-to-Debt Chart

AviChina Industry & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.94

1.31

1.16

1.54

1.56

AviChina Industry & Technology Co 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															1.16	0.87	1.54	1.56	1.56

Competitive Comparison of AviChina Industry & Technology Co's Cash-to-Debt

For the Aerospace & Defense subindustry, AviChina Industry & 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.

AviChina Industry & Technology Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where AviChina Industry & Technology Co's Cash-to-Debt falls into.

AviChina Industry & 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.

AviChina Industry & Technology Co'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)
	=	44251.138	/	(20587.907	+	7833.61)
	=	1.56

AviChina Industry & Technology Co'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)
	=	44251.138	/	(20587.907	+	7833.61)
	=	1.56

AviChina Industry & Technology Co (HKSE:02357) 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.

AviChina Industry & Technology Co Cash-to-Debt Related Terms

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AviChina Industry & Technology Co (HKSE:02357) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AviChina Industry & Technology Co Ltd (HKSE:02357) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AVT:Germany

Address

No. 14 Xiaoguan Dongli, 6th floor, Building A, Andingmenwai, Chaoyang District, Beijing, CHN, 100029

Website

https://www.avichina.com

AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales and upgrade of civil aviation products and defense products such as provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. Over half of the company's revenue is generated from supplying components, spare parts, and services. AviChina mainly conducts its business in China.

Executives

Tian Jin Bao Shui Qu Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

AviChina Industry & Technology Co (HKSE:02357) Headlines

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