Hangzhou Hota M&E Holdings Co (SZSE:001225) Cash-to-Debt : 487.08 (As of Mar. 2024)

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What is Hangzhou Hota M&E Holdings 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. Hangzhou Hota M&E Holdings Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 487.08.

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, Hangzhou Hota M&E Holdings 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 Hangzhou Hota M&E Holdings Co's Cash-to-Debt or its related term are showing as below:

SZSE:001225' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.15 Med: 899.64 Max: No Debt
Current: 487.08

During the past 6 years, Hangzhou Hota M&E Holdings Co's highest Cash to Debt Ratio was No Debt. The lowest was 3.15. And the median was 899.64.

SZSE:001225's Cash-to-Debt is ranked better than
93.27% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:001225: 487.08

Hangzhou Hota M&E Holdings Co Cash-to-Debt Historical Data

The historical data trend for Hangzhou Hota M&E Holdings 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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Hangzhou Hota M&E Holdings Co Cash-to-Debt Chart

Hangzhou Hota M&E Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

392.50

865.20

Hangzhou Hota M&E Holdings Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									928.85	862.62	870.43	865.20	487.08

Competitive Comparison of Hangzhou Hota M&E Holdings Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Hangzhou Hota M&E Holdings 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.

Hangzhou Hota M&E Holdings Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Hota M&E Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hangzhou Hota M&E Holdings Co's Cash-to-Debt falls into.

Hangzhou Hota M&E Holdings 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.

Hangzhou Hota M&E Holdings 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)
	=	1130.818	/	(0.397	+	0.91)
	=	865.20

Hangzhou Hota M&E Holdings 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)
	=	1118.337	/	(0.878	+	1.418)
	=	487.08

Hangzhou Hota M&E Holdings Co (SZSE:001225) 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.

Hangzhou Hota M&E Holdings Co Cash-to-Debt Related Terms

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

Hangzhou Hota M&E Holdings Co (SZSE:001225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Hota M&E Holdings Co Ltd (SZSE:001225) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1201, Tonghui North Road, Ningwei Street, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.hota.com.cn

Hangzhou Hota M&E Holdings Co Ltd is engaged in the research and development, design, manufacture and sales of material handling equipment. The company's main products include plate chain bucket elevators, belt bucket elevators and other series of conveying equipment and accessories, which are widely used in cement building materials, ports, steel, chemical and other industries, providing customers with environmentally friendly and efficient bulk materials Handling solutions.

Hangzhou Hota M&E Holdings Co (SZSE:001225) Headlines

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