Hangzhou XZB Tech Co (SHSE:603040) Cash-to-Debt : 7.96 (As of Mar. 2024)

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What is Hangzhou XZB Tech 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. Hangzhou XZB Tech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.96.

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, Hangzhou XZB Tech 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 Hangzhou XZB Tech Co's Cash-to-Debt or its related term are showing as below:

SHSE:603040' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.37 Med: No Debt Max: No Debt
Current: 7.96

During the past 13 years, Hangzhou XZB Tech Co's highest Cash to Debt Ratio was No Debt. The lowest was 7.37. And the median was No Debt.

SHSE:603040's Cash-to-Debt is ranked better than
85.47% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SHSE:603040: 7.96

Hangzhou XZB Tech Co Cash-to-Debt Historical Data

The historical data trend for Hangzhou XZB Tech 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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Hangzhou XZB Tech Co Cash-to-Debt Chart

Hangzhou XZB Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

73.60

106.38

212.03

7.37

Hangzhou XZB Tech 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															467.09	543.13	9.81	7.37	7.96

Competitive Comparison of Hangzhou XZB Tech Co's Cash-to-Debt

For the Auto Parts subindustry, Hangzhou XZB Tech 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.

Hangzhou XZB Tech Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hangzhou XZB Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hangzhou XZB Tech Co's Cash-to-Debt falls into.

Hangzhou XZB Tech 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.

Hangzhou XZB Tech 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)
	=	415.352	/	(51.534	+	4.795)
	=	7.37

Hangzhou XZB Tech 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)
	=	444.549	/	(51.565	+	4.258)
	=	7.96

Hangzhou XZB Tech Co (SHSE:603040) 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.

Hangzhou XZB Tech Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hangzhou XZB Tech Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hangzhou XZB Tech Co (SHSE:603040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hangzhou XZB Tech Co Ltd (SHSE:603040) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No.18 Longtan Road, Building 1-5, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311121

Website

http://www.xzbco.com

Hangzhou XZB Tech Co Ltd is a China based company engaged in the research and development of valve train system and parts manufacturing in car industry. The products offered by the company includes valve cotters (collets), valve spring retainers, hydraulic lash adjusters and finger followers, push rods and tappets for heavy duty diesel engines. In addition, the company also produces precision cold forming components together with good service for power tool, household electrical appliance, aerospace, machinery and other applications.

Executives

Hu Xin	Directors, senior managers
Wang Jian Jun	Supervisors
Xu Xue Quan	Supervisors
Yao Guo Xing	Director
Zheng Xiao Ling	senior management
Ren Hai Jun	Director
Yang Qi Ping	senior management
Yang Zhi Jun	senior management
Yan Zhen Qiang	Supervisors
Zhang Ying	senior management
Feng You Sheng	Director

Hangzhou XZB Tech Co (SHSE:603040) Headlines

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