Nanjing Quanxin Cable Technology Co (SZSE:300447) Cash-to-Debt : 3.98 (As of Mar. 2024)

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What is Nanjing Quanxin Cable 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. Nanjing Quanxin Cable Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.98.

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, Nanjing Quanxin Cable Technology 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 Nanjing Quanxin Cable Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300447' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: 2.32 Max: No Debt
Current: 3.98

During the past 13 years, Nanjing Quanxin Cable Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.71. And the median was 2.32.

SZSE:300447's Cash-to-Debt is ranked better than
68.25% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs SZSE:300447: 3.98

Nanjing Quanxin Cable Technology Co Cash-to-Debt Historical Data

The historical data trend for Nanjing Quanxin Cable 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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Nanjing Quanxin Cable Technology Co Cash-to-Debt Chart

Nanjing Quanxin Cable Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.71

1.78

3.56

2.52

4.71

Nanjing Quanxin Cable Technology 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															2.12	2.87	3.07	4.71	3.98

Competitive Comparison of Nanjing Quanxin Cable Technology Co's Cash-to-Debt

For the Communication Equipment subindustry, Nanjing Quanxin Cable 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.

Nanjing Quanxin Cable Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nanjing Quanxin Cable Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nanjing Quanxin Cable Technology Co's Cash-to-Debt falls into.

Nanjing Quanxin Cable 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.

Nanjing Quanxin Cable 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)
	=	283.871	/	(58.038	+	2.177)
	=	4.71

Nanjing Quanxin Cable Technology 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)
	=	216.424	/	(50.18	+	4.219)
	=	3.98

Nanjing Quanxin Cable Technology Co (SZSE:300447) 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.

Nanjing Quanxin Cable Technology Co Cash-to-Debt Related Terms

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Nanjing Quanxin Cable Technology Co (SZSE:300447) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Quanxin Cable Technology Co Ltd (SZSE:300447) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Hanzhongmen Street, 12th Floor, Building 01, No. 301, Gulou District, Nanjing, CHN, 210036

Website

http://www.qx-kj.com

Nanjing Quanxin Cable Technology Co Ltd is high-tech enterprise specializing in the research and development and production of military photoelectric transmission products and providing technical solutions for photoelectric transmission systems. Its product includes Photoelectric cables and components, Optical devices and modules, Photoelectric control products. Its products cover five major military fields, including aviation, aerospace, shipbuilding, weapons, and electronics.

Executives

Ding Ran	Director
Chen Xiang Lou	Directors, executives
Han Zi Yi	Director
He Liang	Executives
Bian Xiao Ming	Executives
Fang Jin	Directors, executives

Nanjing Quanxin Cable Technology Co (SZSE:300447) Headlines

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