Shenzhen Dawei Innovation Technology Co (SZSE:002213) Cash-to-Debt : 6.21 (As of Mar. 2024)

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What is Shenzhen Dawei Innovation Technology 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. Shenzhen Dawei Innovation Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.21.

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, Shenzhen Dawei Innovation Technology 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 Shenzhen Dawei Innovation Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:002213' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.69 Med: No Debt Max: No Debt
Current: 6.21

During the past 13 years, Shenzhen Dawei Innovation Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.69. And the median was No Debt.

SZSE:002213's Cash-to-Debt is ranked better than
83.79% of 1302 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:002213: 6.21

Shenzhen Dawei Innovation Technology Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen Dawei Innovation Technology 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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Shenzhen Dawei Innovation Technology Co Cash-to-Debt Chart

Shenzhen Dawei Innovation Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

6.72

1.61

5.18

11.52

Shenzhen Dawei Innovation Technology 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															8.83	28.04	15.38	11.52	6.21

Competitive Comparison of Shenzhen Dawei Innovation Technology Co's Cash-to-Debt

For the Auto Parts subindustry, Shenzhen Dawei Innovation Technology 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.

Shenzhen Dawei Innovation Technology Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shenzhen Dawei Innovation Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Dawei Innovation Technology Co's Cash-to-Debt falls into.

Shenzhen Dawei Innovation Technology 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.

Shenzhen Dawei Innovation Technology 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)
	=	269.587	/	(18.156	+	5.248)
	=	11.52

Shenzhen Dawei Innovation Technology 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)
	=	209.54	/	(18.389	+	15.344)
	=	6.21

Shenzhen Dawei Innovation Technology Co (SZSE:002213) 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.

Shenzhen Dawei Innovation Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shenzhen Dawei Innovation Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Dawei Innovation Technology Co (SZSE:002213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shenzhen Dawei Innovation Technology Co Ltd (SZSE:002213) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 18, Keji South Road, Yuehai Street, Shenzhen Bay Science and Technology Ecological Park, A1406, Building 12, High-tech Zone, Nanshan District, Shenzhen, Guangdong Province, CHN, 518110

Website

http://www.terca.cn

Shenzhen Dawei Innovation Technology Co Ltd formerly known as Shenzhen Terca Technology Co Ltd is engaged in developing, producing, and selling automotive auxiliary brake products. The products of the company include THB series hydraulic retarder, TR series eddy current retarder, TB series eddy current retarder, and telga smart controller.

Executives

Chen Hui Jia	Supervisors
Ling Zhao Wei	Director
Xu Jin Guang	Directors, executives
Zhang Hui Min	Director
Huang Bin	Director
Fang Hai Sheng	Executives
Gao Zhan Jie	Supervisors
Li Chun	Supervisors
Mao Zhan Gen	Executives
Ma Wu Jun	Executives
Chen Xue Li	Executives
Ma Wei	Directors, executives
Hu San Zhong	Executives

Shenzhen Dawei Innovation Technology Co (SZSE:002213) Headlines

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