TJK Machinery (Tianjin) Co (SZSE:300823) Cash-to-Debt : 24.86 (As of Mar. 2024)

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What is TJK Machinery (Tianjin) 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. TJK Machinery (Tianjin) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 24.86.

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, TJK Machinery (Tianjin) 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 TJK Machinery (Tianjin) Co's Cash-to-Debt or its related term are showing as below:

SZSE:300823' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 13.41 Max: No Debt
Current: 24.86

During the past 12 years, TJK Machinery (Tianjin) Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 13.41.

SZSE:300823's Cash-to-Debt is ranked better than
84.07% of 3006 companies
in the Industrial Products industry
Industry Median: 1.175 vs SZSE:300823: 24.86

TJK Machinery (Tianjin) Co Cash-to-Debt Historical Data

The historical data trend for TJK Machinery (Tianjin) 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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TJK Machinery (Tianjin) Co Cash-to-Debt Chart

TJK Machinery (Tianjin) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.85

1,554.11

13.18

15.60

17.47

TJK Machinery (Tianjin) 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															17.39	14.17	17.46	17.47	24.86

Competitive Comparison of TJK Machinery (Tianjin) Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TJK Machinery (Tianjin) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TJK Machinery (Tianjin) Co's Cash-to-Debt falls into.

TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) 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)
	=	242.07	/	(9.24	+	4.62)
	=	17.47

TJK Machinery (Tianjin) 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)
	=	229.712	/	(9.24	+	0)
	=	24.86

TJK Machinery (Tianjin) Co (SZSE:300823) 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.

TJK Machinery (Tianjin) Co Cash-to-Debt Related Terms

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TJK Machinery (Tianjin) Co (SZSE:300823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408

Website

https://www.tjkmachinery.com

TJK Machinery (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

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