JiangSu Changling Hydraulic Co (SHSE:605389) Cash-to-Debt : 77,309.91 (As of Mar. 2024)

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What is JiangSu Changling Hydraulic 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. JiangSu Changling Hydraulic Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 77,309.91.

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, JiangSu Changling Hydraulic 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 JiangSu Changling Hydraulic Co's Cash-to-Debt or its related term are showing as below:

SHSE:605389' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: No Debt Max: 77309.91
Current: 77309.91

During the past 8 years, JiangSu Changling Hydraulic Co's highest Cash to Debt Ratio was 77309.91. The lowest was 0.26. And the median was No Debt.

SHSE:605389's Cash-to-Debt is ranked better than
99.97% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs SHSE:605389: 77309.91

JiangSu Changling Hydraulic Co Cash-to-Debt Historical Data

The historical data trend for JiangSu Changling Hydraulic 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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JiangSu Changling Hydraulic Co Cash-to-Debt Chart

JiangSu Changling Hydraulic Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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143.55

No Debt

100.85

JiangSu Changling Hydraulic Co Quarterly Data
	Dec17	Dec18	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															No Debt	No Debt	71.10	100.85	77,309.91

Competitive Comparison of JiangSu Changling Hydraulic Co's Cash-to-Debt

For the Tools & Accessories subindustry, JiangSu Changling Hydraulic 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.

JiangSu Changling Hydraulic Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JiangSu Changling Hydraulic Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where JiangSu Changling Hydraulic Co's Cash-to-Debt falls into.

JiangSu Changling Hydraulic 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.

JiangSu Changling Hydraulic 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)
	=	908.756	/	(9.011	+	0)
	=	100.85

JiangSu Changling Hydraulic 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)
	=	850.409	/	(0.011	+	0)
	=	77,309.91

JiangSu Changling Hydraulic Co (SHSE:605389) 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.

JiangSu Changling Hydraulic Co Cash-to-Debt Related Terms

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

JiangSu Changling Hydraulic Co (SHSE:605389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu Changling Hydraulic Co Ltd (SHSE:605389) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

885 Yungu Road, Yunting Street, Jiangsu Province, Jiangyin, CHN, 214422

Website

http://www.changlingmach.cn

JiangSu Changling Hydraulic Co Ltd is engaged in the research and development, production, and sales of key hydraulic components for construction machinery. The main products are hydraulic central rotary joints for construction machinery and hydraulic crawler tensioners, hydraulic valves and others.

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