Hi-Trend Technology (Shanghai) Co (SHSE:688391) Cash-to-Debt : 230.02 (As of Sep. 2024)

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What is Hi-Trend Technology (Shanghai) 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. Hi-Trend Technology (Shanghai) Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 230.02.

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, Hi-Trend Technology (Shanghai) Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SHSE:688391' s Cash-to-Debt Range Over the Past 10 Years
Min: 35.08 Med: 225.8 Max: No Debt
Current: 230.02

During the past 13 years, Hi-Trend Technology (Shanghai) Co's highest Cash to Debt Ratio was No Debt. The lowest was 35.08. And the median was 225.80.

SHSE:688391's Cash-to-Debt is ranked better than
93.33% of 1005 companies
in the Semiconductors industry
Industry Median: 1.7 vs SHSE:688391: 230.02

Hi-Trend Technology (Shanghai) Co Cash-to-Debt Historical Data

The historical data trend for Hi-Trend Technology (Shanghai) 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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Hi-Trend Technology (Shanghai) Co Cash-to-Debt Chart

Hi-Trend Technology (Shanghai) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

77.60

303.09

211.64

Hi-Trend Technology (Shanghai) Co Quarterly Data
	Dec15	Dec16	Jun17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															181.87	211.64	221.59	199.67	230.02

Competitive Comparison of Hi-Trend Technology (Shanghai) Co's Cash-to-Debt

For the Semiconductors subindustry, Hi-Trend Technology (Shanghai) 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.

Hi-Trend Technology (Shanghai) Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hi-Trend Technology (Shanghai) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hi-Trend Technology (Shanghai) Co's Cash-to-Debt falls into.

Hi-Trend Technology (Shanghai) 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.

Hi-Trend Technology (Shanghai) 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)
	=	985.807	/	(4.658	+	0)
	=	211.64

Hi-Trend Technology (Shanghai) Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1043.384	/	(4.536	+	0)
	=	230.02

Hi-Trend Technology (Shanghai) Co (SHSE:688391) 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.

Hi-Trend Technology (Shanghai) Co Cash-to-Debt Related Terms

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Hi-Trend Technology (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hi-Trend Technology (Shanghai) Co Ltd (SHSE:688391) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1388 Zhangdong Road, Room 101, Building 16, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.hitrendtech.com

Hi-Trend Technology (Shanghai) Co Ltd is engaged in the research and development, design and sales of smart grid terminal equipment chips.

Executives

Yang Shi Cong	Director
Zhang Xu Ming	Senior management, core technical personnel
Zheng Wen Chang	senior management
Wang Yong	Core technical personnel

Hi-Trend Technology (Shanghai) Co Headlines

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