Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Cash-to-Debt : 28.01 (As of Mar. 2024)

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What is Jiangsu Kangliyuan Sports Tech 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. Jiangsu Kangliyuan Sports Tech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 28.01.

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, Jiangsu Kangliyuan Sports Tech 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 Jiangsu Kangliyuan Sports Tech Co's Cash-to-Debt or its related term are showing as below:

SZSE:301287' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 8.66 Max: 51.36
Current: 28.01

During the past 6 years, Jiangsu Kangliyuan Sports Tech Co's highest Cash to Debt Ratio was 51.36. The lowest was 0.55. And the median was 8.66.

SZSE:301287's Cash-to-Debt is ranked better than
87.58% of 821 companies
in the Travel & Leisure industry
Industry Median: 0.56 vs SZSE:301287: 28.01

Jiangsu Kangliyuan Sports Tech Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu Kangliyuan Sports Tech 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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Jiangsu Kangliyuan Sports Tech Co Cash-to-Debt Chart

Jiangsu Kangliyuan Sports Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.14

2.86

4.53

11.55

27.76

Jiangsu Kangliyuan Sports Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										12.70	50.03	51.36	27.76	28.01

Competitive Comparison of Jiangsu Kangliyuan Sports Tech Co's Cash-to-Debt

For the Leisure subindustry, Jiangsu Kangliyuan Sports Tech 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.

Jiangsu Kangliyuan Sports Tech Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jiangsu Kangliyuan Sports Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu Kangliyuan Sports Tech Co's Cash-to-Debt falls into.

Jiangsu Kangliyuan Sports Tech 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.

Jiangsu Kangliyuan Sports Tech 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)
	=	1053.567	/	(29.765	+	8.194)
	=	27.76

Jiangsu Kangliyuan Sports Tech 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)
	=	1060.941	/	(30.543	+	7.337)
	=	28.01

Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) 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.

Jiangsu Kangliyuan Sports Tech Co Cash-to-Debt Related Terms

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Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Kangliyuan Sports Tech Co Ltd (SZSE:301287) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

North side of Binhu Avenue, High-tech Industrial Park, Paoche Sub-district Office, Jiangsu, Pizhou, CHN, 221327

Website

http://www.junxia.net

Jiangsu Kangliyuan Sports Tech Co Ltd is engaged in research & development, manufacturing, and sales of Multi-series, differentiated and customized fitness equipment. The company's main products cover seven series, including treadmills, fitness bikes, strength trainers, free weight trainer, outdoor paths and group activity equipment. Its products reach more than 100 kinds.

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