Suzhou SLAC Precision Equipment Co (SZSE:300382) Cash-to-Debt : 0.31 (As of Sep. 2024)

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What is Suzhou SLAC Precision Equipment 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. Suzhou SLAC Precision Equipment Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.31.

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, Suzhou SLAC Precision Equipment Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Suzhou SLAC Precision Equipment Co's Cash-to-Debt or its related term are showing as below:

SZSE:300382' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.74 Max: No Debt
Current: 0.31

During the past 13 years, Suzhou SLAC Precision Equipment Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was 0.74.

SZSE:300382's Cash-to-Debt is ranked worse than
77.69% of 3007 companies
in the Industrial Products industry
Industry Median: 1.24 vs SZSE:300382: 0.31

Suzhou SLAC Precision Equipment Co Cash-to-Debt Historical Data

The historical data trend for Suzhou SLAC Precision Equipment 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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Suzhou SLAC Precision Equipment Co Cash-to-Debt Chart

Suzhou SLAC Precision Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.64

0.79

0.64

0.92

0.49

Suzhou SLAC Precision Equipment Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.63	0.49	0.51	0.40	0.31

Competitive Comparison of Suzhou SLAC Precision Equipment Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Suzhou SLAC Precision Equipment 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.

Suzhou SLAC Precision Equipment Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou SLAC Precision Equipment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Suzhou SLAC Precision Equipment Co's Cash-to-Debt falls into.

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Suzhou SLAC Precision Equipment 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.

Suzhou SLAC Precision Equipment 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)
	=	750	/	(502.104	+	1025.93)
	=	0.49

Suzhou SLAC Precision Equipment Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	552.099	/	(635.501	+	1165.654)
	=	0.31

Suzhou SLAC Precision Equipment Co (SZSE:300382) 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.

Suzhou SLAC Precision Equipment Co Cash-to-Debt Related Terms

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

Suzhou SLAC Precision Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou SLAC Precision Equipment Co Ltd (SZSE:300382) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1028 Sunwu Road, Wuzhong District, Jiangsu, Suzhou, CHN

Website

http://www.slac.com.cn

Suzhou SLAC Precision Equipment Co Ltd is a China based company engaged in the design and manufacture of equipment sets, the rebuilding and improvement of related systems and the production of equipment parts. It offers shell system, tooling system, spare parts, bodymaker, inside coater, necker, inspection system, auxiliary equipment, and others. The company sells its products in China and various other countries.

Executives

	Directors, executives
Nong Yuan	Executives

Suzhou SLAC Precision Equipment Co Headlines

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