Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Cash-to-Debt : 1.43 (As of Mar. 2024)

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What is Universal Scientific Industrial (Shanghai) 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. Universal Scientific Industrial (Shanghai) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.43.

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, Universal Scientific Industrial (Shanghai) Co 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 Universal Scientific Industrial (Shanghai) Co's Cash-to-Debt or its related term are showing as below:

SHSE:601231' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 1.87 Max: 7.75
Current: 1.43

During the past 13 years, Universal Scientific Industrial (Shanghai) Co's highest Cash to Debt Ratio was 7.75. The lowest was 0.67. And the median was 1.87.

SHSE:601231's Cash-to-Debt is ranked better than
51.53% of 2476 companies
in the Hardware industry
Industry Median: 1.34 vs SHSE:601231: 1.43

Universal Scientific Industrial (Shanghai) Co Cash-to-Debt Historical Data

The historical data trend for Universal Scientific Industrial (Shanghai) 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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Universal Scientific Industrial (Shanghai) Co Cash-to-Debt Chart

Universal Scientific Industrial (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.55

1.34

0.78

0.92

1.35

Universal Scientific Industrial (Shanghai) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.17	1.13	1.13	1.35	1.43

Competitive Comparison of Universal Scientific Industrial (Shanghai) Co's Cash-to-Debt

For the Electronic Components subindustry, Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Universal Scientific Industrial (Shanghai) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Universal Scientific Industrial (Shanghai) Co's Cash-to-Debt falls into.

Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) 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)
	=	11464.256	/	(7942.454	+	534.161)
	=	1.35

Universal Scientific Industrial (Shanghai) Co'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)
	=	13068.474	/	(5228.57	+	3891.164)
	=	1.43

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) 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.

Universal Scientific Industrial (Shanghai) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Universal Scientific Industrial (Shanghai) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Scientific Industrial (Shanghai) Co Ltd (SHSE:601231) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1558, Zhangdong Road, Zhangjiang Hi-Tech Park, Integrated Circuit Industrial Zone, Shanghai, CHN, 201203

Website

http://www.usish.com

Universal Scientific Industrial (Shanghai) Co Ltd provides design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices and modules for brand owners. It mainly focuses on manufacturing electronic parts including wireless communications products, flat LCD display components, and storage products. The company's sales service network exists in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan, Korea and Mexico.

Executives

Shi Jin Peng	senior management
Wei Zhen Yan	Directors, senior managers
Liu Dan Yang	senior management
Chen Feng Da	senior management
Lin Da Yi	senior management
Chen Chang Yi	Directors, senior managers
You Jia Xiong	senior management
Lin Yue Ming	senior management

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Headlines

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