Shining Victory Motor Electronic Co (ROCO:2248) Cash-to-Debt : 0.47 (As of Dec. 2023)

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What is Shining Victory Motor Electronic 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. Shining Victory Motor Electronic Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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, Shining Victory Motor Electronic Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Shining Victory Motor Electronic Co's Cash-to-Debt or its related term are showing as below:

ROCO:2248' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 1.49 Max: 2.63
Current: 0.47

During the past 9 years, Shining Victory Motor Electronic Co's highest Cash to Debt Ratio was 2.63. The lowest was 0.47. And the median was 1.49.

ROCO:2248's Cash-to-Debt is ranked worse than
54.5% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs ROCO:2248: 0.47

Shining Victory Motor Electronic Co Cash-to-Debt Historical Data

The historical data trend for Shining Victory Motor Electronic 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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Shining Victory Motor Electronic Co Cash-to-Debt Chart

Shining Victory Motor Electronic Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.79

1.22

0.92

0.50

0.47

Shining Victory Motor Electronic Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.92	1.08	0.50	0.45	0.47

Competitive Comparison of Shining Victory Motor Electronic Co's Cash-to-Debt

For the Auto Parts subindustry, Shining Victory Motor Electronic 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.

Shining Victory Motor Electronic Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shining Victory Motor Electronic Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shining Victory Motor Electronic Co's Cash-to-Debt falls into.

Shining Victory Motor Electronic 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.

Shining Victory Motor Electronic 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)
	=	197.078	/	(416.179	+	1.983)
	=	0.47

Shining Victory Motor Electronic 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)
	=	197.078	/	(416.179	+	1.983)
	=	0.47

Shining Victory Motor Electronic Co (ROCO:2248) 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.

Shining Victory Motor Electronic Co Cash-to-Debt Related Terms

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Shining Victory Motor Electronic Co (ROCO:2248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shining Victory Motor Electronic Co Ltd (ROCO:2248) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1199, Xinxing 2nd Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN

Website

http://www.top-elan.com

Shining Victory Motor Electron is a Chinese holding company that operates in the auto industry. The company through its holding is engaged in manufacturing auto parts, photoelectric products, and car decoration products. Its products offerings include Interior Ambient Lamp Series, LED Photoelectric Series, Interior/ exterior Decoration, and Refitted vehicle series all used in auto industry.

Shining Victory Motor Electronic Co (ROCO:2248) Headlines

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