Jiangyin Pivot Automotive Products Co (SZSE:301181) Cash-to-Debt : 1,010.15 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Jiangyin Pivot Automotive Products 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. Jiangyin Pivot Automotive Products Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1,010.15.

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, Jiangyin Pivot Automotive Products 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 Jiangyin Pivot Automotive Products Co's Cash-to-Debt or its related term are showing as below:

SZSE:301181' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.55 Med: No Debt Max: No Debt
Current: 1010.15

During the past 7 years, Jiangyin Pivot Automotive Products Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.55. And the median was No Debt.

SZSE:301181's Cash-to-Debt is ranked better than
96.6% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.565 vs SZSE:301181: 1010.15

Jiangyin Pivot Automotive Products Co Cash-to-Debt Historical Data

The historical data trend for Jiangyin Pivot Automotive Products 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.

* Premium members only.

Jiangyin Pivot Automotive Products Co Cash-to-Debt Chart

Jiangyin Pivot Automotive Products Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.71

9.27

No Debt

956.15

Jiangyin Pivot Automotive Products Co Quarterly Data
	Dec17	Dec18	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															No Debt	No Debt	No Debt	956.15	1,010.15

Competitive Comparison of Jiangyin Pivot Automotive Products Co's Cash-to-Debt

For the Auto Parts subindustry, Jiangyin Pivot Automotive Products 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.

Jiangyin Pivot Automotive Products Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiangyin Pivot Automotive Products Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangyin Pivot Automotive Products Co's Cash-to-Debt falls into.

Jiangyin Pivot Automotive Products 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.

Jiangyin Pivot Automotive Products 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)
	=	735.276	/	(0.274	+	0.495)
	=	956.15

Jiangyin Pivot Automotive Products 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)
	=	782.868	/	(0.276	+	0.499)
	=	1,010.15

Jiangyin Pivot Automotive Products Co (SZSE:301181) 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.

Jiangyin Pivot Automotive Products Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jiangyin Pivot Automotive Products Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangyin Pivot Automotive Products Co (SZSE:301181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangyin Pivot Automotive Products Co Ltd (SZSE:301181) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 1, Mengna Road, Huaxi Jiu Village, Huashi Town, Jiangsu Province, iangyin City, CHN, 214421

Website

http://www.pivotautomotive.com

Jiangyin Pivot Automotive Products Co Ltd is engaged in the research and development, production and sales of automotive nylon pipes and connectors and other products.

Jiangyin Pivot Automotive Products Co (SZSE:301181) Headlines

No Headlines