Changhong Huayi Compressor Co (SZSE:000404) Cash-to-Debt : 2.16 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Changhong Huayi Compressor 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. Changhong Huayi Compressor Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.16.

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, Changhong Huayi Compressor 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 Changhong Huayi Compressor Co's Cash-to-Debt or its related term are showing as below:

SZSE:000404' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 2.1 Max: 4.8
Current: 2.16

During the past 13 years, Changhong Huayi Compressor Co's highest Cash to Debt Ratio was 4.80. The lowest was 0.50. And the median was 2.10.

SZSE:000404's Cash-to-Debt is ranked better than
60.57% of 3005 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:000404: 2.16

Changhong Huayi Compressor Co Cash-to-Debt Historical Data

The historical data trend for Changhong Huayi Compressor 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.

* Premium members only.

Changhong Huayi Compressor Co Cash-to-Debt Chart

Changhong Huayi Compressor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.32

2.48

4.80

2.63

2.53

Changhong Huayi Compressor 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															2.11	2.96	2.63	2.53	2.16

Competitive Comparison of Changhong Huayi Compressor Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Changhong Huayi Compressor 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.

Changhong Huayi Compressor Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changhong Huayi Compressor Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Changhong Huayi Compressor Co's Cash-to-Debt falls into.

Changhong Huayi Compressor 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.

Changhong Huayi Compressor 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)
	=	4472.38	/	(1339.793	+	425.521)
	=	2.53

Changhong Huayi Compressor 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)
	=	5610.663	/	(2177.892	+	422.977)
	=	2.16

Changhong Huayi Compressor Co (SZSE:000404) 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.

Changhong Huayi Compressor Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Changhong Huayi Compressor Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Changhong Huayi Compressor Co (SZSE:000404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changhong Huayi Compressor Co Ltd (SZSE:000404) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Changhong Avenue, Gaoxin Development Zone, Jingdezhen, Jiangxi, CHN, 333001

Website

https://www.hua-yi.cn

Changhong Huayi Compressor Co Ltd is a China-based company that develops and produces various types of compressors such as refrigerators, freezers, water dispensers, ice machines, and dehumidifiers. The company has established partnerships for the purpose of sales with domestic and foreign refrigerator companies such as Haier, Hisense, Midea, Meiling and Germany Bosch-Siemens, Sweden Electrolux, Italy Yixixi, Spain Fagor, Liebherr, Samsung, Toshiba.

Executives

Yang Fan	Executives
Shi Qiang	Secretary, Director
Yu Wan Chun	Executives
Chen Si Yuan	Supervisors
Zhang Qin Jian	Directors, executives
Yang Xiu Biao	Director
Xiao Wen Yi	Directors, executives
He Cheng Zhi	Executives
Pang Hai Tao	Executives
Fu Nian Ping	Director
Wu Wei Yu	Directors, executives
Cha Chun Xia	Supervisors
Wang Guo Qing	Executives
Wu Jing Hua	Executives
Zhu Jin Song	Directors, executives

Changhong Huayi Compressor Co (SZSE:000404) Headlines

No Headlines