Shaanxi Huaqin Technology Industry Co (SHSE:688281) Cash-to-Debt : 6.14 (As of Mar. 2024)

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What is Shaanxi Huaqin Technology Industry 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. Shaanxi Huaqin Technology Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.14.

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, Shaanxi Huaqin Technology Industry 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 Shaanxi Huaqin Technology Industry Co's Cash-to-Debt or its related term are showing as below:

SHSE:688281' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 23.29 Max: 13189.77
Current: 6.14

During the past 6 years, Shaanxi Huaqin Technology Industry Co's highest Cash to Debt Ratio was 13189.77. The lowest was 0.49. And the median was 23.29.

SHSE:688281's Cash-to-Debt is ranked better than
79.35% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.705 vs SHSE:688281: 6.14

Shaanxi Huaqin Technology Industry Co Cash-to-Debt Historical Data

The historical data trend for Shaanxi Huaqin Technology Industry 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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Shaanxi Huaqin Technology Industry Co Cash-to-Debt Chart

Shaanxi Huaqin Technology Industry Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.33

0.49

1.89

No Debt

8.99

Shaanxi Huaqin Technology Industry Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												2,216.36	47.00	23.29	8.99	6.14

Competitive Comparison of Shaanxi Huaqin Technology Industry Co's Cash-to-Debt

For the Aerospace & Defense subindustry, Shaanxi Huaqin Technology Industry 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.

Shaanxi Huaqin Technology Industry Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Shaanxi Huaqin Technology Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shaanxi Huaqin Technology Industry Co's Cash-to-Debt falls into.

Shaanxi Huaqin Technology Industry 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.

Shaanxi Huaqin Technology Industry 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)
	=	2904.601	/	(137.847	+	185.171)
	=	8.99

Shaanxi Huaqin Technology Industry 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)
	=	2718.233	/	(20.502	+	422.057)
	=	6.14

Shaanxi Huaqin Technology Industry Co (SHSE:688281) 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.

Shaanxi Huaqin Technology Industry Co Cash-to-Debt Related Terms

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Shaanxi Huaqin Technology Industry Co (SHSE:688281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Shaanxi Huaqin Technology Industry Co Ltd (SHSE:688281) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 West Avenue, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710119

Website

http://www.huaqinkj.com

Shaanxi Huaqin Technology Industry Co Ltd specializes in the research and development, production and sales of stealth materials, camouflage materials and protective materials. The products and technologies are mainly used in the stealth of national defense weapons and equipment, the camouflage of important ground military targets and the surface protection of various equipment.

Executives

Li Peng	Senior management, core technical personnel
Huang Zhi Bin	Directors, senior managers, core technical personn
Xu Jian Sheng	senior management
Zhe Sheng Yang	Director
Zhou Wan Cheng	Directors, senior managers, core technical personn
Dou Yong Qing	Senior management, core technical personnel
Wang Jun Fang	senior management
Luo Fa	Director
Wu Teng Fei	Director
Sun Ji Zhou	Director

Shaanxi Huaqin Technology Industry Co (SHSE:688281) Headlines

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