Xiangyang Automobile Bearing Co (SZSE:000678) Cash-to-Debt : 0.34 (As of Mar. 2024)

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What is Xiangyang Automobile Bearing 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. Xiangyang Automobile Bearing Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.34.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Xiangyang Automobile Bearing Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:000678' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.24 Max: 0.39
Current: 0.34

During the past 13 years, Xiangyang Automobile Bearing Co's highest Cash to Debt Ratio was 0.39. The lowest was 0.10. And the median was 0.24.

SZSE:000678's Cash-to-Debt is ranked worse than
62.26% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.57 vs SZSE:000678: 0.34

Xiangyang Automobile Bearing Co Cash-to-Debt Historical Data

The historical data trend for Xiangyang Automobile Bearing 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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Xiangyang Automobile Bearing Co Cash-to-Debt Chart

Xiangyang Automobile Bearing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.13

0.20

0.34

0.36

Xiangyang Automobile Bearing 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															0.34	0.31	0.39	0.36	0.34

Competitive Comparison of Xiangyang Automobile Bearing Co's Cash-to-Debt

For the Auto Parts subindustry, Xiangyang Automobile Bearing 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.

Xiangyang Automobile Bearing Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Xiangyang Automobile Bearing 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.

Xiangyang Automobile Bearing 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)
	=	178.895	/	(476.301	+	16.375)
	=	0.36

Xiangyang Automobile Bearing 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)
	=	171.944	/	(484.045	+	16.299)
	=	0.34

Xiangyang Automobile Bearing Co (SZSE:000678) 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.

Xiangyang Automobile Bearing Co Cash-to-Debt Related Terms

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Xiangyang Automobile Bearing Co (SZSE:000678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiangyang Automobile Bearing Co Ltd (SZSE:000678) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 97 Dengcheng Avenue, Hubei Province, Xiangyang, CHN, 441057

Website

http://www.zxy.com.cn

Xiangyang Automobile Bearing Co Ltd is primarily engaged in the manufacture and sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and related components in China. The products of the group are exported to Europe, America and Southeast Asia and other countries and regions. Further it has set up around 28 sales branches throughout the country, and hold up to 14 distribution centers. The sales and service network covers all major cities.

Xiangyang Automobile Bearing Co (SZSE:000678) Headlines

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