Qingdao Paguld Intelligent Manufacturing Co (SZSE:301456) Cash-to-Debt : 1,289.74 (As of Sep. 2024)

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What is Qingdao Paguld Intelligent Manufacturing 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. Qingdao Paguld Intelligent Manufacturing Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1,289.74.

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, Qingdao Paguld Intelligent Manufacturing Co 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 Qingdao Paguld Intelligent Manufacturing Co's Cash-to-Debt or its related term are showing as below:

SZSE:301456' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 716.75 Max: 10518.19
Current: 1289.74

During the past 6 years, Qingdao Paguld Intelligent Manufacturing Co's highest Cash to Debt Ratio was 10518.19. The lowest was 0.95. And the median was 716.75.

SZSE:301456's Cash-to-Debt is ranked better than
94.12% of 2995 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:301456: 1289.74

Qingdao Paguld Intelligent Manufacturing Co Cash-to-Debt Historical Data

The historical data trend for Qingdao Paguld Intelligent Manufacturing 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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Qingdao Paguld Intelligent Manufacturing Co Cash-to-Debt Chart

Qingdao Paguld Intelligent Manufacturing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.30

No Debt

638.86

719.31

Qingdao Paguld Intelligent Manufacturing Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial													10,518.19	719.31	540.65	714.20	1,289.74

Competitive Comparison of Qingdao Paguld Intelligent Manufacturing Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Qingdao Paguld Intelligent Manufacturing 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.

Qingdao Paguld Intelligent Manufacturing Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Paguld Intelligent Manufacturing Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Qingdao Paguld Intelligent Manufacturing Co's Cash-to-Debt falls into.

Qingdao Paguld Intelligent Manufacturing 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.

Qingdao Paguld Intelligent Manufacturing 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)
	=	778.294	/	(1.082	+	0)
	=	719.31

Qingdao Paguld Intelligent Manufacturing Co'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)
	=	1251.044	/	(0	+	0.97)
	=	1,289.74

Qingdao Paguld Intelligent Manufacturing Co (SZSE:301456) 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.

Qingdao Paguld Intelligent Manufacturing Co Cash-to-Debt Related Terms

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Qingdao Paguld Intelligent Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Paguld Intelligent Manufacturing Co Ltd (SZSE:301456) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77, Kehai Road, High-tech Zone, Shandong Province, Qingdao, CHN, 266111

Website

http://en.paguld.com

Qingdao Paguld Intelligent Manufacturing Co Ltd is a national high-tech enterprise mainly engaged in the development, production and sales of centralized lubrication systems and their core components.

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