New Trend International Logis-tech Co (SZSE:300532) Cash-to-Debt : 13.67 (As of Sep. 2024)

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What is New Trend International Logis-tech 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. New Trend International Logis-tech Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 13.67.

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, New Trend International Logis-tech Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for New Trend International Logis-tech Co's Cash-to-Debt or its related term are showing as below:

SZSE:300532' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.95 Med: 7.31 Max: No Debt
Current: 13.67

During the past 13 years, New Trend International Logis-tech Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.95. And the median was 7.31.

SZSE:300532's Cash-to-Debt is ranked better than
70.07% of 2800 companies
in the Software industry
Industry Median: 2.63 vs SZSE:300532: 13.67

New Trend International Logis-tech Co Cash-to-Debt Historical Data

The historical data trend for New Trend International Logis-tech 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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New Trend International Logis-tech Co Cash-to-Debt Chart

New Trend International Logis-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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9.37

2.61

No Debt

19.53

29.69

New Trend International Logis-tech 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															19.89	29.69	9.67	11.43	13.67

Competitive Comparison of New Trend International Logis-tech Co's Cash-to-Debt

For the Software - Application subindustry, New Trend International Logis-tech 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.

New Trend International Logis-tech Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, New Trend International Logis-tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where New Trend International Logis-tech Co's Cash-to-Debt falls into.

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New Trend International Logis-tech 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.

New Trend International Logis-tech 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)
	=	1309.669	/	(44.115	+	0)
	=	29.69

New Trend International Logis-tech 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)
	=	844.055	/	(61.729	+	0)
	=	13.67

New Trend International Logis-tech Co (SZSE:300532) 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.

New Trend International Logis-tech Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of New Trend International Logis-tech Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

New Trend International Logis-tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » New Trend International Logis-tech Co Ltd (SZSE:300532) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cuibao Road, Baolong Street, Room 101, Jinri International Office Building, Baolong Community, Longgang District, Guangdong, Shenzhen, CHN, 518116

Website

https://www.nti56.com

New Trend International Logis-tech Co Ltd provides logistics system integration services. It provides warehousing, distribution and logistics automation systems and services. It offers logistics software, including warehouse control system, warehouse management system, data acquisition, and monitoring system, logistics management integration platform, transportation management system, and picking management system. It provides production planning, design, system integration, software development, equipment customization; and after-sales service, and a series of services. Its automatic logistics systems are mainly used in tobacco, cold chain, new energy vehicles, medicine, machinery manufacturing, airports, retail chains, e-commerce and food and beverage industries.

Executives

Liu Cheng Kai	Executives
Xia Bi Wu	Supervisors
Shao Jian Wei	Director
Liang Jian Ping	Executives
Zhang Xiao Qi	Directors, executives

New Trend International Logis-tech Co Headlines

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