Chongqing Changan Automobile Co (SZSE:000625) Cash-to-Debt : 53.29 (As of Mar. 2024)

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What is Chongqing Changan Automobile 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. Chongqing Changan Automobile Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 53.29.

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, Chongqing Changan Automobile 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 Chongqing Changan Automobile Co's Cash-to-Debt or its related term are showing as below:

SZSE:000625' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.18 Med: 40.56 Max: 129.53
Current: 53.29

During the past 13 years, Chongqing Changan Automobile Co's highest Cash to Debt Ratio was 129.53. The lowest was 3.18. And the median was 40.56.

SZSE:000625's Cash-to-Debt is ranked better than
93.12% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.565 vs SZSE:000625: 53.29

Chongqing Changan Automobile Co Cash-to-Debt Historical Data

The historical data trend for Chongqing Changan Automobile 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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Chongqing Changan Automobile Co Cash-to-Debt Chart

Chongqing Changan Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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43.83

19.07

43.79

26.77

49.42

Chongqing Changan Automobile 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															48.78	50.34	53.93	49.42	53.29

Competitive Comparison of Chongqing Changan Automobile Co's Cash-to-Debt

For the Auto Manufacturers subindustry, Chongqing Changan Automobile 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.

Chongqing Changan Automobile Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Changan Automobile Co's Cash-to-Debt distribution charts can be found below:

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

Chongqing Changan Automobile 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.

Chongqing Changan Automobile 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)
	=	65038.562	/	(110.116	+	1205.862)
	=	49.42

Chongqing Changan Automobile 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)
	=	70211.91	/	(169.425	+	1148.034)
	=	53.29

Chongqing Changan Automobile Co (SZSE:000625) 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.

Chongqing Changan Automobile Co Cash-to-Debt Related Terms

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Chongqing Changan Automobile Co (SZSE:000625) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Changan Automobile Co Ltd (SZSE:000625) » Definitions » Cash-to-Debt

Traded in Other Exchanges

200625:China

Address

No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023

Website

https://www.changan.com.cn

Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.

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