Xuchang Yuandong Drive Shaft Co (SZSE:002406) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Xuchang Yuandong Drive Shaft 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. Xuchang Yuandong Drive Shaft Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Xuchang Yuandong Drive Shaft Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Xuchang Yuandong Drive Shaft Co's Cash-to-Debt or its related term are showing as below:

SZSE:002406' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.16 Med: 152.13 Max: No Debt
Current: 20.75

During the past 13 years, Xuchang Yuandong Drive Shaft Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.16. And the median was 152.13.

SZSE:002406's Cash-to-Debt is ranked better than
89.85% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:002406: 20.75

Xuchang Yuandong Drive Shaft Co Cash-to-Debt Historical Data

The historical data trend for Xuchang Yuandong Drive Shaft 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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Xuchang Yuandong Drive Shaft Co Cash-to-Debt Chart

Xuchang Yuandong Drive Shaft Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.29

3.47

2.48

2.82

21.69

Xuchang Yuandong Drive Shaft 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															2.62	2.52	6.05	21.69	No Debt

Competitive Comparison of Xuchang Yuandong Drive Shaft Co's Cash-to-Debt

For the Auto Parts subindustry, Xuchang Yuandong Drive Shaft 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.

Xuchang Yuandong Drive Shaft Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xuchang Yuandong Drive Shaft Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xuchang Yuandong Drive Shaft Co's Cash-to-Debt falls into.

Xuchang Yuandong Drive Shaft 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.

Xuchang Yuandong Drive Shaft 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)
	=	1264.957	/	(58.32	+	0)
	=	21.69

Xuchang Yuandong Drive Shaft Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Xuchang Yuandong Drive Shaft Co had no debt ⁽¹⁾.

Xuchang Yuandong Drive Shaft Co (SZSE:002406) 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.

Xuchang Yuandong Drive Shaft Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Xuchang Yuandong Drive Shaft Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Xuchang Yuandong Drive Shaft Co (SZSE:002406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xuchang Yuandong Drive Shaft Co Ltd (SZSE:002406) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Shangji Town, Noth Suburb of Xuchang City, Xuchang City, CHN, 461111

Website

http://www.yodonchina.com

Xuchang Yuandong Drive Shaft Co Ltd engages in the manufacture of automobile drive shaft assemblies in China.

Executives

Li Dan Qing	Secretary Dong
Liu Yan Sheng	Director
Fu Dong An	Supervisors
Qi Huai De	Supervisors
Zhang Wei Min	Executives
Xu Kai Yang	Supervisors
Shi Cai Xia	Executives
Zhao Bao Jiang	Directors, executives
Ge Zi Yi	Supervisors
Ma Xi Ling	Director
Zhao Liu An	Supervisors
Meng Hui Tao	Executives
Chen Zong Shen	Supervisors
Wang Wei	Executives
Yang Guo Jun	Director

Xuchang Yuandong Drive Shaft Co (SZSE:002406) Headlines

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Xuchang Yuandong Drive Shaft Co (SZSE:002406) Cash-to-Debt : No Debt (1) (As of Mar. 2024)