Guangdong Transtek Medical Electronics Co (SZSE:300562) Cash-to-Debt : 4.02 (As of Jun. 2024)

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What is Guangdong Transtek Medical Electronics 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. Guangdong Transtek Medical Electronics Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 4.02.

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, Guangdong Transtek Medical Electronics Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Guangdong Transtek Medical Electronics Co's Cash-to-Debt or its related term are showing as below:

SZSE:300562' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.74 Med: 6.48 Max: No Debt
Current: 4.02

During the past 13 years, Guangdong Transtek Medical Electronics Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.74. And the median was 6.48.

SZSE:300562's Cash-to-Debt is ranked better than
62.22% of 863 companies
in the Medical Devices & Instruments industry
Industry Median: 1.8 vs SZSE:300562: 4.02

Guangdong Transtek Medical Electronics Co Cash-to-Debt Historical Data

The historical data trend for Guangdong Transtek Medical Electronics 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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Guangdong Transtek Medical Electronics Co Cash-to-Debt Chart

Guangdong Transtek Medical Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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9.48

4.90

14.32

4.54

5.02

Guangdong Transtek Medical Electronics Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															4.25	3.70	5.02	4.78	4.02

Competitive Comparison of Guangdong Transtek Medical Electronics Co's Cash-to-Debt

For the Medical Devices subindustry, Guangdong Transtek Medical Electronics 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.

Guangdong Transtek Medical Electronics Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Guangdong Transtek Medical Electronics Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong Transtek Medical Electronics Co's Cash-to-Debt falls into.

Guangdong Transtek Medical Electronics 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.

Guangdong Transtek Medical Electronics 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)
	=	677.674	/	(128.172	+	6.804)
	=	5.02

Guangdong Transtek Medical Electronics Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	705.66	/	(170.269	+	5.08)
	=	4.02

Guangdong Transtek Medical Electronics Co (SZSE:300562) 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.

Guangdong Transtek Medical Electronics Co Cash-to-Debt Related Terms

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Guangdong Transtek Medical Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Guangdong Transtek Medical Electronics Co Ltd (SZSE:300562) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Zone A, No.105 Dongli Road, Torch Development District, Guangdong Province, Zhongshan, CHN, 528437

Website

http://www.lifesense.com

Guangdong Transtek Medical Electronics Co Ltd operates in the digital health industry. The company is specializing in the research and development, production and sales of home medical and health electronic products and the development of the intelligent and healthy cloud platform. Its products mainly include electronic health scales, fat measuring instruments, wearable watches, electronic blood pressure monitors and electronic blood glucose meters. The company also offers an intelligent health cloud platform which mainly includes music and intelligent hardware integration services for sports slimming and chronic disease management.

Executives

Pan Wei Chao	Directors, executives
Xu Lang	Directors, executives
Mai Jiong Zhang	Directors, executives
Sha Hua Hai	Directors, executives
Xu Ying Feng	Executives

Guangdong Transtek Medical Electronics Co Headlines

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