Hongda High-Tech Holding Co (SZSE:002144) Cash-to-Debt : 7.98 (As of Mar. 2024)

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What is Hongda High-Tech Holding 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. Hongda High-Tech Holding Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.98.

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, Hongda High-Tech Holding 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 Hongda High-Tech Holding Co's Cash-to-Debt or its related term are showing as below:

SZSE:002144' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53 Med: 39.61 Max: No Debt
Current: 7.98

During the past 13 years, Hongda High-Tech Holding Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.53. And the median was 39.61.

SZSE:002144's Cash-to-Debt is ranked better than
84.11% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs SZSE:002144: 7.98

Hongda High-Tech Holding Co Cash-to-Debt Historical Data

The historical data trend for Hongda High-Tech Holding 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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Hongda High-Tech Holding Co Cash-to-Debt Chart

Hongda High-Tech Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

1,696.56

466.96

975.10

54.58

Hongda High-Tech Holding 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															997.50	7.75	7.37	54.58	7.98

Competitive Comparison of Hongda High-Tech Holding Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Hongda High-Tech Holding 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.

Hongda High-Tech Holding Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hongda High-Tech Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hongda High-Tech Holding Co's Cash-to-Debt falls into.

Hongda High-Tech Holding 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.

Hongda High-Tech Holding 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)
	=	577.98	/	(10.402	+	0.188)
	=	54.58

Hongda High-Tech Holding 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)
	=	669.544	/	(83.867	+	0.079)
	=	7.98

Hongda High-Tech Holding Co (SZSE:002144) 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.

Hongda High-Tech Holding Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hongda High-Tech Holding Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hongda High-Tech Holding Co (SZSE:002144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hongda High-Tech Holding Co Ltd (SZSE:002144) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 118 Jianshe Road, Xucun Town, Zhejiang, Haining, CHN, 314409

Website

http://www.zjhongda.com.cn

Hongda High-Tech Holding Co Ltd operates in the knitting industry. The products of the company include home textile fabric series, automotive interior fabric series, underwear, swimsuit elastic fabric, sports and leisure fabric series, and wilder medical devices.

Executives

Shen Guo Fu	Director
Lu Wei Min	Supervisors
Li Hong	Director
Gu Wei Feng	Executives
Ma Yue Juan	Directors, executives
Hu Lang Qiu	Director
Xu Jian Zhou	Executives
Mao Zhi Lin	Director
Zhang Jian Fu	Supervisors
Chen Wei Rong	Supervisors
Jin Min Juan	Director

Hongda High-Tech Holding Co (SZSE:002144) Headlines

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