Jilin Jlu Communication Design Institute Co (SZSE:300597) Cash-to-Debt : 2.47 (As of Mar. 2024)

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What is Jilin Jlu Communication Design Institute 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. Jilin Jlu Communication Design Institute Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.47.

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, Jilin Jlu Communication Design Institute 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 Jilin Jlu Communication Design Institute Co's Cash-to-Debt or its related term are showing as below:

SZSE:300597' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.18 Med: No Debt Max: No Debt
Current: 2.47

During the past 13 years, Jilin Jlu Communication Design Institute Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.18. And the median was No Debt.

SZSE:300597's Cash-to-Debt is ranked better than
73.1% of 1680 companies
in the Construction industry
Industry Median: 0.62 vs SZSE:300597: 2.47

Jilin Jlu Communication Design Institute Co Cash-to-Debt Historical Data

The historical data trend for Jilin Jlu Communication Design Institute 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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Jilin Jlu Communication Design Institute Co Cash-to-Debt Chart

Jilin Jlu Communication Design Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

127.40

54.48

13.26

3.50

Jilin Jlu Communication Design Institute 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															9.24	5.71	3.90	3.50	2.47

Competitive Comparison of Jilin Jlu Communication Design Institute Co's Cash-to-Debt

For the Engineering & Construction subindustry, Jilin Jlu Communication Design Institute 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.

Jilin Jlu Communication Design Institute Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jilin Jlu Communication Design Institute Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jilin Jlu Communication Design Institute Co's Cash-to-Debt falls into.

Jilin Jlu Communication Design Institute 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.

Jilin Jlu Communication Design Institute 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)
	=	390.451	/	(110.81	+	0.754)
	=	3.50

Jilin Jlu Communication Design Institute 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)
	=	297.196	/	(119.101	+	1.058)
	=	2.47

Jilin Jlu Communication Design Institute Co (SZSE:300597) 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.

Jilin Jlu Communication Design Institute Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jilin Jlu Communication Design Institute Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jilin Jlu Communication Design Institute Co (SZSE:300597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jilin Jlu Communication Design Institute Co Ltd (SZSE:300597) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Nanhu Xuefu Classic Community, Room 701, Building 9, Chaoyang District, Changchun, CHN, 130012

Website

http://www.jlucdi.com

Jilin Jlu Communication Design Institute Co Ltd is a China based company engaged in consulting, surveying and design of communication engineering projects. Its services include planning, feasibility study, evaluation, scheme design, project proposal, and technical specification. The business areas of the company comprise Service area, Professional scope, and Service object. Its service scope comprises core network, data network, support network, mobile communication, microwave communication, wireless network optimization, optical fiber communication, communication power supply, communication line, communication pipeline, CATV, intelligent building system integration, broadband fiber access, and smart city construction among others.

Executives

Lin Jia Yun	Director
Ma Shu Cai	Directors, executives
Wu Liang Chun	Directors, executives
Zhou Wei	Directors, Directors, and Executives
Xia Xi Gang	Executives
Jin Yi Jing	Executives
Geng Yan	Securities Affairs Representative
Qiao Yuan Zhi	Supervisors
Li Bao Yan	Supervisors

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