Changchai Co (SZSE:000570) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Changchai 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. Changchai Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Changchai Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

SZSE:000570' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.77 Med: 25.21 Max: No Debt
Current: 11.71

During the past 13 years, Changchai Co's highest Cash to Debt Ratio was No Debt. The lowest was 3.77. And the median was 25.21.

SZSE:000570's Cash-to-Debt is ranked better than
78.37% of 3005 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:000570: 11.71

Changchai Co Cash-to-Debt Historical Data

The historical data trend for Changchai 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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Changchai Co Cash-to-Debt Chart

Changchai Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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29.62

35.10

15.03

11.26

No Debt

Changchai 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															10.33	10.98	10.10	No Debt	No Debt

Competitive Comparison of Changchai Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Changchai 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.

Changchai Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Changchai 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.

Changchai Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Changchai Co had no debt ⁽¹⁾.

Changchai Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Changchai Co had no debt ⁽¹⁾.

Changchai Co (SZSE:000570) 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.

Changchai Co Cash-to-Debt Related Terms

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

Changchai Co (SZSE:000570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changchai Co Ltd (SZSE:000570) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

200570:China

Address

123 Huaide Middle Road, Jiangsu Province, Changzhou, CHN, 213002

Website

http://www.changchai.com.cn

Changchai Co Ltd is a China-based company engaged in the manufacture and distribution of diesel engines and related spare parts. The company specializes in the manufacture and sale of diesel engines, diesel engine fittings, and castings, gasoline engines, gasoline engine fittings, cereal harvesting machinery, rotovators, walking tractors, molds, and jigs as well as the assembly and sale of the diesel engine and gasoline engine supporting sets. It mainly manufactures and sells small and medium-sized single-cylinder and multi-cylinder diesel engines under the brand of Changchai, which are often used in tractors, combine-harvesters, light commercial vehicles, agriculture equipment, small-sized engineering machinery, generator sets, and ship machines.

Executives

Xu Qian	Director
Zhang Jun Yuan	Director
Wu Ke Yun	Supervisors
Lu Gang	Director
Lv Wei Min	Supervisors
Lu Zhong Gui	Supervisors

Changchai Co (SZSE:000570) Headlines

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Changchai Co (SZSE:000570) Cash-to-Debt : No Debt (1) (As of Mar. 2024)