Jones Tech (SZSE:300684) Cash-to-Debt : 43.16 (As of Sep. 2024)

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What is Jones Tech 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. Jones Tech's cash to debt ratio for the quarter that ended in Sep. 2024 was 43.16.

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, Jones Tech 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 Jones Tech's Cash-to-Debt or its related term are showing as below:

SZSE:300684' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 9.45 Max: No Debt
Current: 43.16

During the past 13 years, Jones Tech's highest Cash to Debt Ratio was No Debt. The lowest was 0.55. And the median was 9.45.

SZSE:300684's Cash-to-Debt is ranked better than
88.29% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs SZSE:300684: 43.16

Jones Tech Cash-to-Debt Historical Data

The historical data trend for Jones Tech'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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Jones Tech Cash-to-Debt Chart

Jones Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

6.89

161.27

70.79

8.65

239.35

Jones Tech 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															116.29	239.35	78.84	86.94	43.16

Competitive Comparison of Jones Tech's Cash-to-Debt

For the Electronic Components subindustry, Jones Tech'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.

Jones Tech's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jones Tech's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jones Tech's Cash-to-Debt falls into.

Jones Tech 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.

Jones Tech'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)
	=	1026.552	/	(2.025	+	2.264)
	=	239.35

Jones Tech'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)
	=	998.237	/	(17.717	+	5.413)
	=	43.16

Jones Tech (SZSE:300684) 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.

Jones Tech Cash-to-Debt Related Terms

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Jones Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jones Tech PLC (SZSE:300684) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3 Dong Huan Zhong Lu, Beijing Economical & Technological Development Area, Beijing, CHN, 100070

Website

http://www.jones-corp.com

Jones Tech PLC provides solutions to improve electronics equipment. The company's core products consist of thermal management materials, shielding material, power filters, and EMC/EMP services. Jones Tech also provides EMI testing and certification service. The company serves a diverse set of markets including telecommunications, medical electronics, information technology, industrial machinery manufacturing, rail transportation and renewable energy.

Executives

Ye Lu	Directors, executives
Wu Xiao Ning	Director
Zhu Guang Fu	Executives
Yuan Jing	Supervisors
Chen Yu	Directors, Directors, and Executives
Chen Qu	Directors, executives
	Director
Zhang Wei Na	Securities Affairs Representative

Jones Tech Headlines

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