Hengbao Co (SZSE:002104) Cash-to-Debt : 10.09 (As of Mar. 2024)

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What is Hengbao 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. Hengbao Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.09.

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

SZSE:002104' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.03 Med: No Debt Max: No Debt
Current: 10.09

During the past 13 years, Hengbao Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.03. And the median was No Debt.

SZSE:002104's Cash-to-Debt is ranked better than
77.37% of 3005 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:002104: 10.09

Hengbao Co Cash-to-Debt Historical Data

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

Hengbao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

20.05

26.46

16.66

29.42

Hengbao 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															17.01	17.92	20.70	29.42	10.09

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

For the Business Equipment & Supplies subindustry, Hengbao 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.

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

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

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

Hengbao 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.

Hengbao 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)
	=	1113.739	/	(37.185	+	0.673)
	=	29.42

Hengbao 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)
	=	1133.908	/	(58.389	+	53.945)
	=	10.09

Hengbao Co (SZSE:002104) 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.

Hengbao Co Cash-to-Debt Related Terms

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Hengbao Co (SZSE:002104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengbao Co Ltd (SZSE:002104) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Hengtang Industrial Zone, Danyang, Jiangsu, CHN, 212355

Website

http://www.hengbao.com

Hengbao Co Ltd is engaged in a wide range of smart card products and technology solutions in China. Its business and products include banking IC card, telecommunication IC card, mobile payment product, online payment terminal, magnetic card, password card, ticket, Internet of Things, platform system, information security services and solutions.

Executives

Jiang Xiao Ping	Supervisors
Gan Ling	Supervisors
Zhao Zhang Jian	Directors, executives
Gao Shan	Director
Zhong Ying Jiu	Executives
Zhang Jian Ming	Directors, executives
Cao Zhi Xin	Directors, executives
Zhang Dong Yang	Director
Qian Yun Bao	Director
Jiang Hao Ran	Director
Wu Xiao Fang	Supervisors
Qian Ping	Supervisors
Tang Xiao Qin	Executives, within half a year of separation

Hengbao Co (SZSE:002104) Headlines

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