Yuan Cheng Cable Co (SZSE:002692) Cash-to-Debt : 0.09 (As of Mar. 2024)

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What is Yuan Cheng Cable 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. Yuan Cheng Cable Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.09.

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, Yuan Cheng Cable Co 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 Yuan Cheng Cable Co's Cash-to-Debt or its related term are showing as below:

SZSE:002692' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.3 Max: 0.52
Current: 0.09

During the past 13 years, Yuan Cheng Cable Co's highest Cash to Debt Ratio was 0.52. The lowest was 0.09. And the median was 0.30.

SZSE:002692's Cash-to-Debt is ranked worse than
92.39% of 3009 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:002692: 0.09

Yuan Cheng Cable Co Cash-to-Debt Historical Data

The historical data trend for Yuan Cheng Cable 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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Yuan Cheng Cable Co Cash-to-Debt Chart

Yuan Cheng Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.47

0.37

0.28

0.17

0.18

Yuan Cheng Cable 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															0.12	0.12	0.12	0.18	0.09

Competitive Comparison of Yuan Cheng Cable Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Yuan Cheng Cable 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.

Yuan Cheng Cable Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Yuan Cheng Cable Co's Cash-to-Debt falls into.

Yuan Cheng Cable 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.

Yuan Cheng Cable 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)
	=	174.739	/	(948.114	+	1.159)
	=	0.18

Yuan Cheng Cable 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)
	=	85.191	/	(991.636	+	0.874)
	=	0.09

Yuan Cheng Cable Co (SZSE:002692) 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.

Yuan Cheng Cable Co Cash-to-Debt Related Terms

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Yuan Cheng Cable Co (SZSE:002692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuan Cheng Cable Co Ltd (SZSE:002692) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 8, Yuancheng Road, Guanlin Town, Jiangsu Province, Yixing, CHN, 214251

Website

http://www.yccable.cn

Yuan Cheng Cable Co Ltd is engaged in the production of power cables. Its product portfolio includes low voltage power cable, medium voltage power cable, high voltage power cable, control cable, cloth wire, overhead insulated cable wire, mineral insulated cable, fireproof cable, special cable, and nuclear cable among others.

Executives

Yu Zhao Peng	Supervisors
Yu Guo Ping	Directors, executives
Li Zhi Qiang	Directors, executives
Yang Xiao Ming	Director

Yuan Cheng Cable Co (SZSE:002692) Headlines

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