Shenzhen United Winners Laser Co (SHSE:688518) Cash-to-Debt : 3.13 (As of Mar. 2024)

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What is Shenzhen United Winners Laser 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. Shenzhen United Winners Laser Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.13.

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, Shenzhen United Winners Laser 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 Shenzhen United Winners Laser Co's Cash-to-Debt or its related term are showing as below:

SHSE:688518' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.74 Med: 5.49 Max: 206.26
Current: 3.13

During the past 10 years, Shenzhen United Winners Laser Co's highest Cash to Debt Ratio was 206.26. The lowest was 0.74. And the median was 5.49.

SHSE:688518's Cash-to-Debt is ranked better than
66.06% of 3005 companies
in the Industrial Products industry
Industry Median: 1.2 vs SHSE:688518: 3.13

Shenzhen United Winners Laser Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen United Winners Laser 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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Shenzhen United Winners Laser Co Cash-to-Debt Chart

Shenzhen United Winners Laser Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.17

23.96

16.30

1.54

5.49

Shenzhen United Winners Laser Co 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															5.48	6.48	8.00	5.49	3.13

Competitive Comparison of Shenzhen United Winners Laser Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Shenzhen United Winners Laser 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.

Shenzhen United Winners Laser Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen United Winners Laser Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen United Winners Laser Co's Cash-to-Debt falls into.

Shenzhen United Winners Laser 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.

Shenzhen United Winners Laser 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)
	=	1378.546	/	(241.947	+	9.116)
	=	5.49

Shenzhen United Winners Laser 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)
	=	1209.124	/	(380.963	+	5.409)
	=	3.13

Shenzhen United Winners Laser Co (SHSE:688518) 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.

Shenzhen United Winners Laser Co Cash-to-Debt Related Terms

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Shenzhen United Winners Laser Co (SHSE:688518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen United Winners Laser Co Ltd (SHSE:688518) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

3370 Liuxian Avenue, Taoyuan Street, 1203, Building 2, Chongwen Park, Nanshan Zhiyuan, Fuguang Community, Nanshan District, Guangdong Province, Shenzhen, CHN, 518055

Website

http://www.uwlaser.com

Shenzhen United Winners Laser Co Ltd is engaged in production and sales of precision laser welding machines and laser welding automation equipment. The company's laser welding machine and related automation is used in automobile, battery, consumer electronics, sensor, hardware & home appliance, optical communication, flat plate solar energy collectors, mold repair welding machine, laser welding for plastic, laser soldering & brazing, software, among others.

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