Hunan Sund Technological (SZSE:301548) Cash-to-Debt : 4,801.80 (As of Mar. 2024)

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What is Hunan Sund Technological 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. Hunan Sund Technological's cash to debt ratio for the quarter that ended in Mar. 2024 was 4,801.80.

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, Hunan Sund Technological 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 Hunan Sund Technological's Cash-to-Debt or its related term are showing as below:

SZSE:301548' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 1.7 Max: 4801.8
Current: 4801.8

During the past 6 years, Hunan Sund Technological's highest Cash to Debt Ratio was 4801.80. The lowest was 0.44. And the median was 1.70.

SZSE:301548's Cash-to-Debt is ranked better than
95.07% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs SZSE:301548: 4801.80

Hunan Sund Technological Cash-to-Debt Historical Data

The historical data trend for Hunan Sund Technological'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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Hunan Sund Technological Cash-to-Debt Chart

Hunan Sund Technological Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.49

0.72

1.70

4,177.56

Hunan Sund Technological Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									N/A	3.27	193.29	4,177.56	4,801.80

Competitive Comparison of Hunan Sund Technological's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Hunan Sund Technological'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.

Hunan Sund Technological's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Sund Technological's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hunan Sund Technological's Cash-to-Debt falls into.

Hunan Sund Technological 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.

Hunan Sund Technological'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)
	=	923.24	/	(0.165	+	0.056)
	=	4,177.56

Hunan Sund Technological'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)
	=	936.35	/	(0.167	+	0.028)
	=	4,801.79

Hunan Sund Technological (SZSE:301548) 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.

Hunan Sund Technological Cash-to-Debt Related Terms

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Hunan Sund Technological (SZSE:301548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Sund Technological Corp (SZSE:301548) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Chayuan Road, High-tech Zone, Hunan, Xiangtan, CHN, 411102

Website

http://www.hnsund.com

Hunan Sund Technological Corp is engaged in research & development, design, production and sales of dynamic pressure oil film sliding bearings, sales of rolling bearings and related products, etc. It is a leading bearing supplier of bearing products and integral solutions for transmission systems.

Hunan Sund Technological (SZSE:301548) Headlines

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