Shenzhen S.C New Energy Technology (SZSE:300724) Cash-to-Debt : 16.89 (As of Mar. 2024)

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What is Shenzhen S.C New Energy Technology 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. Shenzhen S.C New Energy Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.89.

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, Shenzhen S.C New Energy Technology 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 Shenzhen S.C New Energy Technology's Cash-to-Debt or its related term are showing as below:

SZSE:300724' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.92 Med: 121.09 Max: No Debt
Current: 16.89

During the past 11 years, Shenzhen S.C New Energy Technology's highest Cash to Debt Ratio was No Debt. The lowest was 7.92. And the median was 121.09.

SZSE:300724's Cash-to-Debt is ranked better than
81.24% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:300724: 16.89

Shenzhen S.C New Energy Technology Cash-to-Debt Historical Data

The historical data trend for Shenzhen S.C New Energy Technology'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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Shenzhen S.C New Energy Technology Cash-to-Debt Chart

Shenzhen S.C New Energy Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

7.92

239.45

17.11

17.03

Shenzhen S.C New Energy Technology 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															13.14	20.41	19.64	17.03	16.89

Competitive Comparison of Shenzhen S.C New Energy Technology's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Shenzhen S.C New Energy Technology'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.

Shenzhen S.C New Energy Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen S.C New Energy Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shenzhen S.C New Energy Technology's Cash-to-Debt falls into.

Shenzhen S.C New Energy Technology 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.

Shenzhen S.C New Energy Technology'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)
	=	6735.8	/	(125.867	+	269.778)
	=	17.02

Shenzhen S.C New Energy Technology'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)
	=	6391.994	/	(289.404	+	89.118)
	=	16.89

Shenzhen S.C New Energy Technology (SZSE:300724) 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.

Shenzhen S.C New Energy Technology Cash-to-Debt Related Terms

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Shenzhen S.C New Energy Technology (SZSE:300724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen S.C New Energy Technology Corp (SZSE:300724) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 89 Hengping Road, Henggang Street, Buildding D, E (Yongxin Industrial Park) Digital Silicon Valley, Longgang District, Guangdong Province, Shenzhen, CHN, 518115

Website

http://www.chinasc.com.cn

Shenzhen S.C New Energy Technology Corp is a Chinese photo-voltaic and green energy equipment manufacturer. The company offerings are categorized into five categories from mono/multi-Crystalline texturing equipment, diffusion furnace, PSG removal and edge isolation equipment, PECVD to intelligent automation equipment. Its products include Automatic Mono-Crystalline Texturing Equipment, DOA Equipment, Integrated Mono-crystalline/ MCCE Texturing Equipment, Automatic Ultrasonic Wafer Cleaning Equipment, Drying oven, LED devices, and also offers Crystalline Solar Cell Production Line Turnkey Solution.

Executives

Liang Mei Zhen	Director
Li Shi Jun	Directors, executives
Zuo Guo Jun	Directors, executives
Wu Bo	Directors, executives
Zhang Yong	Supervisors

Shenzhen S.C New Energy Technology (SZSE:300724) Headlines

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