Dalian Haosen Equipment Manufacturing Co (SHSE:688529) Cash-to-Debt : 0.42 (As of Mar. 2024)

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What is Dalian Haosen Equipment Manufacturing 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. Dalian Haosen Equipment Manufacturing Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.42.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Dalian Haosen Equipment Manufacturing Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Dalian Haosen Equipment Manufacturing Co's Cash-to-Debt or its related term are showing as below:

SHSE:688529' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.48 Max: 1.02
Current: 0.42

During the past 7 years, Dalian Haosen Equipment Manufacturing Co's highest Cash to Debt Ratio was 1.02. The lowest was 0.18. And the median was 0.48.

SHSE:688529's Cash-to-Debt is ranked worse than
71.03% of 2996 companies
in the Industrial Products industry
Industry Median: 1.22 vs SHSE:688529: 0.42

Dalian Haosen Equipment Manufacturing Co Cash-to-Debt Historical Data

The historical data trend for Dalian Haosen Equipment Manufacturing 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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Dalian Haosen Equipment Manufacturing Co Cash-to-Debt Chart

Dalian Haosen Equipment Manufacturing Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.27

1.02

0.58

0.65

0.56

Dalian Haosen Equipment Manufacturing 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															0.30	0.21	0.65	0.56	0.42

Competitive Comparison of Dalian Haosen Equipment Manufacturing Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Dalian Haosen Equipment Manufacturing 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.

Dalian Haosen Equipment Manufacturing Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dalian Haosen Equipment Manufacturing Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dalian Haosen Equipment Manufacturing Co's Cash-to-Debt falls into.

Dalian Haosen Equipment Manufacturing 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.

Dalian Haosen Equipment Manufacturing 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)
	=	909.738	/	(1030.644	+	589.23)
	=	0.56

Dalian Haosen Equipment Manufacturing 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)
	=	733.798	/	(1018.685	+	742.611)
	=	0.42

Dalian Haosen Equipment Manufacturing Co (SHSE:688529) 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.

Dalian Haosen Equipment Manufacturing Co Cash-to-Debt Related Terms

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Dalian Haosen Equipment Manufacturing Co (SHSE:688529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dalian Haosen Equipment Manufacturing Co Ltd (SHSE:688529) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Yingchengzi Industrial Park, Ganjingzi District, Liaoning Province, Dalian, CHN, 116036

Website

http://www.haosen.com.cn

Dalian Haosen Equipment Manufacturing Co Ltd is a company specializing in intelligent production line and intelligent equipment integration, which includes planning, R&D, design, assembly, debugging & integration, sales, service and turn-key engineering of intelligent production lines. The company's products include Power Lithium Battery Intelligent Production Line; Hydrogen Fuel Battery Intelligent Production Line; EV Drive Motor Intelligent Production Line; E-drive Production Line; BIW Welding Intelligent Production Line; Engine Intelligent Assembly Line; Transmission Intelligent Assembly Line; Retarder Production Line; Laser Technology & Equipment; and Manufacturing Execution System (MES) & Software.

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