Tongxin International (Tongxin International) Cash-to-Debt : 0.37 (As of Dec. 2010)

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What is Tongxin International 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. Tongxin International's cash to debt ratio for the quarter that ended in Dec. 2010 was 0.37.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tongxin International couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2010.

The historical rank and industry rank for Tongxin International's Cash-to-Debt or its related term are showing as below:

TXIC's Cash-to-Debt is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash-to-Debt only.

Tongxin International Cash-to-Debt Historical Data

The historical data trend for Tongxin International'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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Tongxin International Cash-to-Debt Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

Cash-to-Debt

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0.05

0.39

0.56

0.37

0.04

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
Cash-to-Debt	Get a 7-Day Free Trial			0.05	0.39	0.56	0.37	0.04

Competitive Comparison of Tongxin International's Cash-to-Debt

For the Auto Parts subindustry, Tongxin International'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.

Tongxin International's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tongxin International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tongxin International's Cash-to-Debt falls into.

Tongxin International 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.

Tongxin International's Cash to Debt Ratio for the fiscal year that ended in Dec. 2010 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)
	=	9.935	/	(26.648	+	0.163)
	=	0.37

Tongxin International's Cash to Debt Ratio for the quarter that ended in Dec. 2010 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)
	=	9.935	/	(26.648	+	0.163)
	=	0.37

Tongxin International (OTCPK:TXIC) 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.

Tongxin International Cash-to-Debt Related Terms

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

Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

Tongxin International (Tongxin International) Headlines

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