Guoguang Electric Co Chengdu (SHSE:688776) Cash-to-Debt : 822.72 (As of Mar. 2024)

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What is Guoguang Electric Co Chengdu 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. Guoguang Electric Co Chengdu's cash to debt ratio for the quarter that ended in Mar. 2024 was 822.72.

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, Guoguang Electric Co Chengdu 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 Guoguang Electric Co Chengdu's Cash-to-Debt or its related term are showing as below:

SHSE:688776' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.15 Med: 32.06 Max: No Debt
Current: 822.72

During the past 7 years, Guoguang Electric Co Chengdu's highest Cash to Debt Ratio was No Debt. The lowest was 4.15. And the median was 32.06.

SHSE:688776's Cash-to-Debt is ranked better than
93.77% of 2904 companies
in the Industrial Products industry
Industry Median: 1.22 vs SHSE:688776: 822.72

Guoguang Electric Co Chengdu Cash-to-Debt Historical Data

The historical data trend for Guoguang Electric Co Chengdu'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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Guoguang Electric Co Chengdu Cash-to-Debt Chart

Guoguang Electric Co Chengdu Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

5.06

35.22

30.86

834.27

Guoguang Electric Co Chengdu Quarterly Data
	Dec17	Dec18	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															30.24	572.72	719.04	834.27	822.72

Competitive Comparison of Guoguang Electric Co Chengdu's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Guoguang Electric Co Chengdu'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.

Guoguang Electric Co Chengdu's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guoguang Electric Co Chengdu's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guoguang Electric Co Chengdu's Cash-to-Debt falls into.

Guoguang Electric Co Chengdu 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.

Guoguang Electric Co Chengdu'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)
	=	980.262	/	(0.439	+	0.736)
	=	834.27

Guoguang Electric Co Chengdu'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)
	=	987.261	/	(0.439	+	0.761)
	=	822.72

Guoguang Electric Co Chengdu (SHSE:688776) 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.

Guoguang Electric Co Chengdu Cash-to-Debt Related Terms

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Guoguang Electric Co Chengdu (SHSE:688776) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guoguang Electric Co Ltd Chengdu (SHSE:688776) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.117 Xingguang West Road, Chengdu Economic and Technological Development Zone, Sichuan Province, Chengdu, CHN, 610100

Website

http://www.chinaguoguang.com

Guoguang Electric Co Ltd Chengdu is engaged in the research and development, production and sales of vacuum and microwave application products.

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