Hefei Snowky Electric Co (SZSE:001387) Cash-to-Debt : 73.54 (As of Mar. 2024)

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What is Hefei Snowky Electric 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. Hefei Snowky Electric Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 73.54.

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, Hefei Snowky Electric 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 Hefei Snowky Electric Co's Cash-to-Debt or its related term are showing as below:

SZSE:001387' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 4.34 Max: 73.54
Current: 73.54

During the past 5 years, Hefei Snowky Electric Co's highest Cash to Debt Ratio was 73.54. The lowest was 0.51. And the median was 4.34.

SZSE:001387's Cash-to-Debt is ranked better than
90.89% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs SZSE:001387: 73.54

Hefei Snowky Electric Co Cash-to-Debt Historical Data

The historical data trend for Hefei Snowky Electric 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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Hefei Snowky Electric Co Cash-to-Debt Chart

Hefei Snowky Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.81

0.51

2.17

4.35

16.87

Hefei Snowky Electric Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							N/A	4.33	12.73	16.87	73.54

Competitive Comparison of Hefei Snowky Electric Co's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Hefei Snowky Electric 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.

Hefei Snowky Electric Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hefei Snowky Electric Co's Cash-to-Debt distribution charts can be found below:

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

Hefei Snowky Electric 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.

Hefei Snowky Electric 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)
	=	267.9	/	(12.957	+	2.928)
	=	16.86

Hefei Snowky Electric 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)
	=	640.783	/	(5.382	+	3.331)
	=	73.54

Hefei Snowky Electric Co (SZSE:001387) 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.

Hefei Snowky Electric Co Cash-to-Debt Related Terms

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Hefei Snowky Electric Co (SZSE:001387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hefei Snowky Electric Co Ltd (SZSE:001387) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Website

Hefei Snowky Electric Co Ltd is mainly engaged in the research and development, production, and sales of refrigerators and commercial display cabinets, providing domestic and foreign brands with large refrigerators and commercial display cabinets with a volume of more than 400L and other products. Its products include Hand over door, Four doors, Three doors and French door refrigerators.

Hefei Snowky Electric Co (SZSE:001387) Headlines

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