Shenzhen Infinvoa (SZSE:002528) Cash-to-Debt : 0.32 (As of Mar. 2024)

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What is Shenzhen Infinvoa 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 Infinvoa's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.32.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Shenzhen Infinvoa couldn't 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 Infinvoa's Cash-to-Debt or its related term are showing as below:

SZSE:002528' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.59 Max: No Debt
Current: 0.32

During the past 13 years, Shenzhen Infinvoa's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was 0.59.

SZSE:002528's Cash-to-Debt is ranked worse than
69.17% of 1067 companies
in the Business Services industry
Industry Median: 0.98 vs SZSE:002528: 0.32

Shenzhen Infinvoa Cash-to-Debt Historical Data

The historical data trend for Shenzhen Infinvoa'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 Infinvoa Cash-to-Debt Chart

Shenzhen Infinvoa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.76

0.35

0.77

0.56

0.34

Shenzhen Infinvoa 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															0.59	0.47	0.31	0.34	0.32

Competitive Comparison of Shenzhen Infinvoa's Cash-to-Debt

For the Security & Protection Services subindustry, Shenzhen Infinvoa'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 Infinvoa's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shenzhen Infinvoa's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen Infinvoa's Cash-to-Debt falls into.

Shenzhen Infinvoa 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 Infinvoa'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)
	=	312.341	/	(491.64	+	423.747)
	=	0.34

Shenzhen Infinvoa'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)
	=	268.525	/	(430.775	+	419.027)
	=	0.32

Shenzhen Infinvoa (SZSE:002528) 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 Infinvoa Cash-to-Debt Related Terms

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

Shenzhen Infinvoa (SZSE:002528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen Infinvoa Ltd (SZSE:002528) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

6/F NO.H-3, Huaqiaocheng Ind, Shenzhen, CHN, 518110

Website

http://www.infinova.com.cn

Shenzhen Infinvoa Ltd is a China-based company engaged in the research, development, design, manufacture, and distribution of electronic security products. Its main products include Explosion Proof Camera, Fixed Cameras, Fixed Minidome Cameras, Zoom Cameras and Encoders and Decoders. The company distributes its products in domestic market and to overseas markets.

Executives

	Directors, executives
Guo Shu Ling	Supervisors
Hua Yuan Liu	Directors, executives
Zhang Yan Feng	Directors, executives
Lin Chong	Directors, executives
Lin Mei Hua	Securities Affairs Representative
Liao Yun He	Executives
Yang Wei Min	Executives
Mou Jin Shi	Securities Affairs Representative

Shenzhen Infinvoa (SZSE:002528) Headlines

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