Johnson Electric Holdings (Johnson Electric Holdings) Cash-to-Debt : 1.20 (As of Mar. 2024)

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What is Johnson Electric 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. Johnson Electric Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.20.

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, Johnson Electric Holdings could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

JELCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.67 Max: 2.62
Current: 1.2

During the past 13 years, Johnson Electric Holdings's highest Cash to Debt Ratio was 2.62. The lowest was 0.33. And the median was 0.67.

JELCF's Cash-to-Debt is ranked better than
63.71% of 1240 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs JELCF: 1.20

Johnson Electric Holdings Cash-to-Debt Historical Data

The historical data trend for Johnson Electric 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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Johnson Electric Holdings Cash-to-Debt Chart

Johnson Electric Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.81

1.15

0.58

0.75

1.20

Johnson Electric Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.58	0.56	0.75	1.03	1.20

Competitive Comparison of Johnson Electric Holdings's Cash-to-Debt

For the Auto Parts subindustry, Johnson Electric 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.

Johnson Electric Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Johnson Electric 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.

Johnson Electric Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	762.935	/	(327.381	+	307.264)
	=	1.20

Johnson Electric Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	762.935	/	(327.381	+	307.264)
	=	1.20

Johnson Electric Holdings (OTCPK:JELCF) 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.

Johnson Electric Holdings Cash-to-Debt Related Terms

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Johnson Electric Holdings (Johnson Electric Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Johnson Electric Holdings Ltd (OTCPK:JELCF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

JEHLY:USA 00179:Hong Kong JOHB:Germany

Address

6th Floor, 12 Science Park East Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.johnsonelectric.com

Johnson Electric Holdings Ltd, along with its subsidiaries, is engaged in the manufacturing and selling of electro-mechanical motion systems and solutions. The company is organized into two business units: Automotive Products Group and Industry Products Group of which Automotive Products Group contributes the vast majority of its total revenue. Its automotive products include cooling fans, electric power steering motors, headlamp actuators, transmission and driveline actuators. Its industry segment offers medical devices, circuit breakers, power tools, industrial and laboratory equipment, building automation, and optronics. The company operates in Hong Kong, Switzerland, Canada, Serbia, and Others.

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