Guangzhou Hangxin Aviation Technology Co (SZSE:300424) Cash-to-Debt : 0.22 (As of Sep. 2024)

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What is Guangzhou Hangxin Aviation Technology 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. Guangzhou Hangxin Aviation Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.22.

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, Guangzhou Hangxin Aviation Technology 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 Guangzhou Hangxin Aviation Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300424' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.37 Max: No Debt
Current: 0.22

During the past 13 years, Guangzhou Hangxin Aviation Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 0.37.

SZSE:300424's Cash-to-Debt is ranked worse than
76.04% of 313 companies
in the Aerospace & Defense industry
Industry Median: 0.84 vs SZSE:300424: 0.22

Guangzhou Hangxin Aviation Technology Co Cash-to-Debt Historical Data

The historical data trend for Guangzhou Hangxin Aviation Technology 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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Guangzhou Hangxin Aviation Technology Co Cash-to-Debt Chart

Guangzhou Hangxin Aviation Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.50

0.44

0.29

0.34

0.36

Guangzhou Hangxin Aviation Technology 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															0.22	0.36	0.29	0.25	0.22

Competitive Comparison of Guangzhou Hangxin Aviation Technology Co's Cash-to-Debt

For the Aerospace & Defense subindustry, Guangzhou Hangxin Aviation Technology 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.

Guangzhou Hangxin Aviation Technology Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Guangzhou Hangxin Aviation Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangzhou Hangxin Aviation Technology Co's Cash-to-Debt falls into.

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Guangzhou Hangxin Aviation Technology 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.

Guangzhou Hangxin Aviation Technology 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)
	=	365.232	/	(449.367	+	554.998)
	=	0.36

Guangzhou Hangxin Aviation Technology 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)
	=	217.713	/	(431.062	+	553.878)
	=	0.22

Guangzhou Hangxin Aviation Technology Co (SZSE:300424) 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.

Guangzhou Hangxin Aviation Technology Co Cash-to-Debt Related Terms

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Guangzhou Hangxin Aviation Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Guangzhou Hangxin Aviation Technology Co Ltd (SZSE:300424) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1,Guangbao Road, Science City,Economic and Technological Development Zone, Guangzhou, CHN, 510663

Website

http://www.hangxin.com

Guangzhou Hangxin Aviation Technology Co Ltd provides aviation maintenance support, automatic test equipment development and system integration, retrofit aircraft, and airborne equipment development. Its main business is divided into two sectors: equipment development and support, and aviation maintenance and service. The equipment development and support section includes the development of airborne equipment and the development of testing equipment. Aircraft plus modification business, aviation maintenance and service segment includes aircraft department attachment maintenance and aviation service business.

Executives

Huang Xin	Director
Bo Fan Sheng	Director
Wei Wan Yun	Supervisors
Zhou Chao	Securities Affairs Representative
Hu Kun	Directors, executives
Wang Shou Qin	Directors, executives
Long Chao Hui	Executives
Chen Qian Qian	Secretary Dong
Lv Hai Bo	Directors, executives
Li Feng Rui	Secretary, Director
Li Wei Ning	Supervisors
Qin Yu Bao	Executives
Liu Ai Qun	Supervisors
Wu Gui Bin	Executives
Wang Ye	Supervisors

Guangzhou Hangxin Aviation Technology Co Headlines

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