Changzhou Shenli Electrical Machine Co (SHSE:603819) Cash-to-Debt : 0.26 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Changzhou Shenli Electrical Machine 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. Changzhou Shenli Electrical Machine Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.26.

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, Changzhou Shenli Electrical Machine Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Changzhou Shenli Electrical Machine Co's Cash-to-Debt or its related term are showing as below:

SHSE:603819' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.51 Max: No Debt
Current: 0.26

During the past 13 years, Changzhou Shenli Electrical Machine Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 0.51.

SHSE:603819's Cash-to-Debt is ranked worse than
80.21% of 3006 companies
in the Industrial Products industry
Industry Median: 1.175 vs SHSE:603819: 0.26

Changzhou Shenli Electrical Machine Co Cash-to-Debt Historical Data

The historical data trend for Changzhou Shenli Electrical Machine 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.

* Premium members only.

Changzhou Shenli Electrical Machine Co Cash-to-Debt Chart

Changzhou Shenli Electrical Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.35

0.51

0.31

0.48

0.33

Changzhou Shenli Electrical Machine 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															0.53	0.46	0.57	0.33	0.26

Competitive Comparison of Changzhou Shenli Electrical Machine Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Changzhou Shenli Electrical Machine 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.

Changzhou Shenli Electrical Machine Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changzhou Shenli Electrical Machine Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Changzhou Shenli Electrical Machine Co's Cash-to-Debt falls into.

Changzhou Shenli Electrical Machine 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.

Changzhou Shenli Electrical Machine 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)
	=	149.148	/	(448.352	+	0)
	=	0.33

Changzhou Shenli Electrical Machine 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)
	=	100.524	/	(392.323	+	0)
	=	0.26

Changzhou Shenli Electrical Machine Co (SHSE:603819) 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.

Changzhou Shenli Electrical Machine Co Cash-to-Debt Related Terms

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

Changzhou Shenli Electrical Machine Co (SHSE:603819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Shenli Electrical Machine Inc Co (SHSE:603819) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Dong Cheng Lu, Qishuyan Qu, Jiangsu Sheng, Changzhou, CHN, 213013

Website

http://www.czshenli.com

Changzhou Shenli Electrical Machine Inc Co is engaged in manufacturing of stator, rotor laminations and cores for motors. The company produces its products for application in diesel generators, wind power generators, medium-voltage and high-voltage motor, railway motors, elevator motors and AC motors. Its products are supplied across Chinese and international markets. It generates revenues through the sale of laminations and core of motors.

Changzhou Shenli Electrical Machine Co (SHSE:603819) Headlines

No Headlines