Shenzhen VMAX New Energy Group Co (SHSE:688612) Cash-to-Debt : 3.99 (As of Sep. 2024)

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What is Shenzhen VMAX New Energy Group 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 VMAX New Energy Group Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.99.

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 VMAX New Energy Group 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 Shenzhen VMAX New Energy Group Co's Cash-to-Debt or its related term are showing as below:

SHSE:688612' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 1.82 Max: 13.4
Current: 3.99

During the past 8 years, Shenzhen VMAX New Energy Group Co's highest Cash to Debt Ratio was 13.40. The lowest was 0.63. And the median was 1.82.

SHSE:688612's Cash-to-Debt is ranked better than
80.31% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs SHSE:688612: 3.99

Shenzhen VMAX New Energy Group Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen VMAX New Energy Group 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 VMAX New Energy Group Co Cash-to-Debt Chart

Shenzhen VMAX New Energy Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.82

0.79

1.15

1.03

4.36

Shenzhen VMAX New Energy Group Co Quarterly Data
	Dec16	Dec17	Dec18	Mar19	Sep19	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial														4.74	4.36	4.45	3.70	3.99

Competitive Comparison of Shenzhen VMAX New Energy Group Co's Cash-to-Debt

For the Auto Parts subindustry, Shenzhen VMAX New Energy Group 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 VMAX New Energy Group Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shenzhen VMAX New Energy Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen VMAX New Energy Group Co's Cash-to-Debt falls into.

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Shenzhen VMAX New Energy Group 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 VMAX New Energy Group 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)
	=	2705.604	/	(371.478	+	248.913)
	=	4.36

Shenzhen VMAX New Energy Group 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)
	=	2615.675	/	(423.899	+	231.764)
	=	3.99

Shenzhen VMAX New Energy Group Co (SHSE:688612) 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 VMAX New Energy Group Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shenzhen VMAX New Energy Group Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen VMAX New Energy Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shenzhen VMAX New Energy Group Co Ltd (SHSE:688612) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Fifth Industrial Zone, Beihuan Road, One of 501, Fengyun Technology Building, Nanshan, Guangdong, Shenzhen, CHN, 518000

Website

http://www.vmaxpower.com.cn

Shenzhen VMAX New Energy Group Co Ltd is engaged in Research and development, production, sales and technical services of power electronic products related to new energy vehicles. VMAX works with many automobile manufacturers to provide customers with high-quality automotive power domain products and efficient solutions, including but not limited to OBCs, DCDCs, inverters, gearboxes, Electric Vehicle Communication Controller (EVCC), Wireless Electric Vehicle Charging (WEVC) and so on.

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