Shenzhen H&T Intelligent Control Co (SZSE:002402) Cash-to-Debt : 1.13 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Shenzhen H&T Intelligent Control 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 H&T Intelligent Control Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.13.

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 H&T Intelligent Control 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 H&T Intelligent Control Co's Cash-to-Debt or its related term are showing as below:

SZSE:002402' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.93 Med: 1.9 Max: No Debt
Current: 1.13

During the past 13 years, Shenzhen H&T Intelligent Control Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.93. And the median was 1.90.

SZSE:002402's Cash-to-Debt is ranked worse than
53.94% of 2475 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:002402: 1.13

Shenzhen H&T Intelligent Control Co Cash-to-Debt Historical Data

The historical data trend for Shenzhen H&T Intelligent Control 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.

* Premium members only.

Shenzhen H&T Intelligent Control Co Cash-to-Debt Chart

Shenzhen H&T Intelligent Control Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.34

2.19

1.48

1.74

1.39

Shenzhen H&T Intelligent Control 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															1.79	1.54	1.30	1.39	1.13

Competitive Comparison of Shenzhen H&T Intelligent Control Co's Cash-to-Debt

For the Electronics & Computer Distribution subindustry, Shenzhen H&T Intelligent Control 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 H&T Intelligent Control Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen H&T Intelligent Control Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen H&T Intelligent Control Co's Cash-to-Debt falls into.

Shenzhen H&T Intelligent Control 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 H&T Intelligent Control 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)
	=	1249.093	/	(841.622	+	54.562)
	=	1.39

Shenzhen H&T Intelligent Control 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)
	=	1043.131	/	(863.275	+	59.913)
	=	1.13

Shenzhen H&T Intelligent Control Co (SZSE:002402) 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 H&T Intelligent Control Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shenzhen H&T Intelligent Control Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen H&T Intelligent Control Co (SZSE:002402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen H&T Intelligent Control Co Ltd (SZSE:002402) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenzhen Science and Technology 10 South Road, Tech Park, Aerospace Technology Inst Building No.6, Shenzhen, CHN, 518057

Website

http://www.szhittech.com

Shenzhen H&T Intelligent Control Co Ltd is a China-based company. It is principally engaged in the research and development, production and distribution of intelligent controllers. It offers healthcare products, such as health pots, drinking cups, foot spa tubs, and desktop air purifiers; bedroom products comprising anti-snore pillows, LED bulbs, aroma diffusers, air humidifiers, and sleep recorders; and beauty products consisting of handheld facial sprayers, ultrasonic facial massagers and scrubber cleaners, skin rejuvenation.

Executives

Liu Ming	Director
Wang Xian Fang	Director
Luo Shan Shan	Directors, Directors, and Executives
Qin Hong Wu	Directors, executives
He Zhen	Director
Zhao Xiao Ting	Securities Affairs Representative
Wang Hu Shan	Supervisors
Liu Jian Wei	Directors, executives
Wang Peng	Directors, executives

Shenzhen H&T Intelligent Control Co (SZSE:002402) Headlines

No Headlines