Zhongyeda Electric Co (SZSE:002441) Cash-to-Debt : 77.44 (As of Mar. 2024)

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What is Zhongyeda Electric 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. Zhongyeda Electric Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 77.44.

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

SZSE:002441' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 4.24 Max: 280.97
Current: 77.44

During the past 13 years, Zhongyeda Electric Co's highest Cash to Debt Ratio was 280.97. The lowest was 0.30. And the median was 4.24.

SZSE:002441's Cash-to-Debt is ranked better than
88.62% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:002441: 77.44

Zhongyeda Electric Co Cash-to-Debt Historical Data

The historical data trend for Zhongyeda Electric 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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Zhongyeda Electric Co Cash-to-Debt Chart

Zhongyeda Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.34

95.12

50.55

94.82

55.91

Zhongyeda Electric 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															89.17	67.78	41.82	55.91	77.44

Competitive Comparison of Zhongyeda Electric Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Zhongyeda Electric 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.

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

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

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

Zhongyeda Electric 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.

Zhongyeda Electric 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)
	=	1382.976	/	(22.441	+	2.295)
	=	55.91

Zhongyeda Electric 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)
	=	1395.758	/	(15.728	+	2.295)
	=	77.44

Zhongyeda Electric Co (SZSE:002441) 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.

Zhongyeda Electric Co Cash-to-Debt Related Terms

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

Zhongyeda Electric Co (SZSE:002441) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongyeda Electric Co Ltd (SZSE:002441) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.62, Hengshan Road, Longhu District, Guangdong Province, Shantou, CHN, 515041

Website

http://www.zyd.cn

Zhongyeda Electric Co Ltd is a distributor of industrial electrical products. The company's main business is the distribution of industrial electrical component products of contracted suppliers through its own sales network, as well as the production and sales of system integration products and complete manufacturing products. Its products include low-voltage electrical products, medium voltage electrical products, industrial control products and others.

Executives

Yang Song	Directors, executives
Wang Bao Yu	Directors, executives
Lin Jing	Supervisors
Chen Dai Ai	Supervisors
Li Xiao Yong	Director
Wu Kai Xian	Directors, executives
Zhang Ying	Supervisors
Ke Ni Xiang	Executives
Wang Zong Cheng	Director
Wang Pei Qing	Executives

Zhongyeda Electric Co (SZSE:002441) Headlines

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