Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) Cash-to-Debt : 2.21 (As of Mar. 2024)

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What is Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.21.

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 UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co's Cash-to-Debt or its related term are showing as below:

SHSE:688638' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.21 Med: 6.05 Max: 11.99
Current: 2.21

During the past 5 years, Shenzhen UTIMES Intelligent Equipment Co's highest Cash to Debt Ratio was 11.99. The lowest was 2.21. And the median was 6.05.

SHSE:688638's Cash-to-Debt is ranked better than
60.91% of 3006 companies
in the Industrial Products industry
Industry Median: 1.23 vs SHSE:688638: 2.21

Shenzhen UTIMES Intelligent Equipment Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co Cash-to-Debt Chart

Shenzhen UTIMES Intelligent Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

5.63

11.99

4.54

6.47

3.22

Shenzhen UTIMES Intelligent Equipment Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								9.25	6.66	11.10	3.22	2.21

Competitive Comparison of Shenzhen UTIMES Intelligent Equipment Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shenzhen UTIMES Intelligent Equipment Co's Cash-to-Debt falls into.

Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment 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)
	=	410.861	/	(121.33	+	6.484)
	=	3.21

Shenzhen UTIMES Intelligent Equipment 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)
	=	331.933	/	(144.541	+	5.44)
	=	2.21

Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) 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 UTIMES Intelligent Equipment Co Cash-to-Debt Related Terms

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Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen UTIMES Intelligent Equipment Co Ltd (SHSE:688638) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shajing Street, Xinhe Avenue, Floor 1-6, Building M, Licheng Science and Technology Industrial Park, Gonghe Community, Baoan, Guangdong, Shenzhen, CHN, 518000

Website

http://www.utimes.cn

Shenzhen UTIMES Intelligent Equipment Co Ltd is engaged in research & development, production and sales of non-standard automated intelligent assembly equipment and testing equipment. The company's main products are lithium-ion battery intelligent equipment and consumer electronics intelligent manufacturing equipment, which can be widely used in the intelligent production and manufacturing of products in multiple fields such as new energy, automotive electronics, and consumer electronics.

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