Changzhou Kaidi Electrical (SHSE:605288) Cash-to-Debt : 23.41 (As of Mar. 2024)

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What is Changzhou Kaidi Electrical 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 Kaidi Electrical's cash to debt ratio for the quarter that ended in Mar. 2024 was 23.41.

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, Changzhou Kaidi Electrical 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 Changzhou Kaidi Electrical's Cash-to-Debt or its related term are showing as below:

SHSE:605288' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.96 Med: 119.6 Max: No Debt
Current: 23.41

During the past 9 years, Changzhou Kaidi Electrical's highest Cash to Debt Ratio was No Debt. The lowest was 1.96. And the median was 119.60.

SHSE:605288's Cash-to-Debt is ranked better than
83.75% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs SHSE:605288: 23.41

Changzhou Kaidi Electrical Cash-to-Debt Historical Data

The historical data trend for Changzhou Kaidi Electrical'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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Changzhou Kaidi Electrical Cash-to-Debt Chart

Changzhou Kaidi Electrical Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.96

52.47

74.94

140.81

78.95

Changzhou Kaidi Electrical 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															139.70	57.85	61.84	78.95	23.41

Competitive Comparison of Changzhou Kaidi Electrical's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Changzhou Kaidi Electrical'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 Kaidi Electrical's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Changzhou Kaidi Electrical 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 Kaidi Electrical'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)
	=	1022.852	/	(3.56	+	9.396)
	=	78.95

Changzhou Kaidi Electrical'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)
	=	1103.814	/	(34.194	+	12.959)
	=	23.41

Changzhou Kaidi Electrical (SHSE:605288) 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 Kaidi Electrical Cash-to-Debt Related Terms

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

Changzhou Kaidi Electrical (SHSE:605288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Kaidi Electrical Inc (SHSE:605288) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 2, Hengcui Road, Jiangcun Village, Henglin Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213101

Website

http://www.czkaidi.cn

Changzhou Kaidi Electrical Inc is engaged in production and sales of linear drive system products. The company develops linear drive systems, product development, manufacturing, and domestic and international marketing. It provides linear drive system products in the fields of medical care, auto parts, among others.

Executives

Yao Bu Tang	senior management
Lu Xiao Bo	Directors, senior managers
Zhou Rong Qing	Directors, senior managers
Yan Guo Hong	senior management
Zhou Lin Yu	Director
Zhou Shu Cheng	Directors, senior managers
Chen Xu Pei	senior management
Zhou Yan Qin	senior management

Changzhou Kaidi Electrical (SHSE:605288) Headlines

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