Crystal Growth and Energy Equipment (SHSE:688478) Cash-to-Debt : 380.59 (As of Sep. 2024)

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What is Crystal Growth and Energy Equipment 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. Crystal Growth and Energy Equipment's cash to debt ratio for the quarter that ended in Sep. 2024 was 380.59.

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, Crystal Growth and Energy Equipment 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 Crystal Growth and Energy Equipment's Cash-to-Debt or its related term are showing as below:

SHSE:688478' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.38 Med: 28.17 Max: 380.59
Current: 380.59

During the past 5 years, Crystal Growth and Energy Equipment's highest Cash to Debt Ratio was 380.59. The lowest was 2.38. And the median was 28.17.

SHSE:688478's Cash-to-Debt is ranked better than
92.98% of 2992 companies
in the Industrial Products industry
Industry Median: 1.18 vs SHSE:688478: 380.59

Crystal Growth and Energy Equipment Cash-to-Debt Historical Data

The historical data trend for Crystal Growth and Energy Equipment'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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Crystal Growth and Energy Equipment Cash-to-Debt Chart

Crystal Growth and Energy Equipment Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.38

40.79

11.81

25.61

28.17

Crystal Growth and Energy Equipment Quarterly Data
	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											38.76	28.17	62.09	291.82	380.59

Competitive Comparison of Crystal Growth and Energy Equipment's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Crystal Growth and Energy Equipment'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.

Crystal Growth and Energy Equipment's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Crystal Growth and Energy Equipment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Crystal Growth and Energy Equipment's Cash-to-Debt falls into.

Crystal Growth and Energy Equipment 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.

Crystal Growth and Energy Equipment'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)
	=	1010.598	/	(33.818	+	2.059)
	=	28.17

Crystal Growth and Energy Equipment'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)
	=	820.177	/	(2.155	+	0)
	=	380.59

Crystal Growth and Energy Equipment (SHSE:688478) 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.

Crystal Growth and Energy Equipment Cash-to-Debt Related Terms

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Crystal Growth and Energy Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crystal Growth and Energy Equipment Inc (SHSE:688478) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongfeng Science and Technology Park, Economic and Technological Development Zone, Jiangsu Province, West side of Building B4, Nanjing, CHN, 210000

Website

http://www.cgee.com.cn

Crystal Growth and Energy Equipment Inc specializes in the development of 8-12-inch semiconductor-grade silicon single crystal furnaces, 6-8-inch silicon carbide, gallium arsenide and other semiconductor material growth equipment and processes.

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