Zhongzhong Science and Technology (Tianjin) Co (SHSE:603135) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Zhongzhong Science and Technology (Tianjin) 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. Zhongzhong Science and Technology (Tianjin) Co's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, Zhongzhong Science and Technology (Tianjin) Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

The historical rank and industry rank for Zhongzhong Science and Technology (Tianjin) Co's Cash-to-Debt or its related term are showing as below:

SHSE:603135' s Cash-to-Debt Range Over the Past 10 Years
Min: 23.66 Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, Zhongzhong Science and Technology (Tianjin) Co's highest Cash to Debt Ratio was No Debt. The lowest was 23.66. And the median was No Debt.

SHSE:603135's Cash-to-Debt is ranked better than
99.83% of 2991 companies
in the Industrial Products industry
Industry Median: 1.2 vs SHSE:603135: No Debt

Zhongzhong Science and Technology (Tianjin) Co Cash-to-Debt Historical Data

The historical data trend for Zhongzhong Science and Technology (Tianjin) 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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Zhongzhong Science and Technology (Tianjin) Co Cash-to-Debt Chart

Zhongzhong Science and Technology (Tianjin) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

23.66

No Debt

Zhongzhong Science and Technology (Tianjin) Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Zhongzhong Science and Technology (Tianjin) Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Zhongzhong Science and Technology (Tianjin) 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.

Zhongzhong Science and Technology (Tianjin) Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhongzhong Science and Technology (Tianjin) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhongzhong Science and Technology (Tianjin) Co's Cash-to-Debt falls into.

Zhongzhong Science and Technology (Tianjin) 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.

Zhongzhong Science and Technology (Tianjin) Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Zhongzhong Science and Technology (Tianjin) Co had no debt ⁽¹⁾.

Zhongzhong Science and Technology (Tianjin) Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Zhongzhong Science and Technology (Tianjin) Co had no debt ⁽¹⁾.

Zhongzhong Science and Technology (Tianjin) Co (SHSE:603135) 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.

Zhongzhong Science and Technology (Tianjin) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zhongzhong Science and Technology (Tianjin) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhongzhong Science and Technology (Tianjin) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongzhong Science and Technology (Tianjin) Co Ltd (SHSE:603135) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 65, Gaoxin Avenue, Ring Outer Development Zone, Science and Technology Park, Beichen District, Tianjin, CHN, 300400

Website

https://www.tjzzjt.com

Zhongzhong Science and Technology (Tianjin) Co Ltd is a national-level high-tech enterprise integrating research and development of intelligent equipment and production lines, process and equipment design, manufacturing, technical services and sales. Automatic production lines for wire rod and plate rolling, complete sets of equipment and related spare parts.

Zhongzhong Science and Technology (Tianjin) Co Headlines

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Zhongzhong Science and Technology (Tianjin) Co (SHSE:603135) Cash-to-Debt : No Debt (1) (As of Sep. 2024)