ZEEKR Intelligent Technology Holding (ZEEKR Intelligent Technology Holding) Cash-to-Debt : 0.23 (As of Mar. 2024)

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What is ZEEKR Intelligent Technology Holding 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. ZEEKR Intelligent Technology Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.23.

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, ZEEKR Intelligent Technology Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for ZEEKR Intelligent Technology Holding's Cash-to-Debt or its related term are showing as below:

ZK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.42 Max: 2.34
Current: 0.23

During the past 4 years, ZEEKR Intelligent Technology Holding's highest Cash to Debt Ratio was 2.34. The lowest was 0.12. And the median was 0.42.

ZK's Cash-to-Debt is ranked worse than
71.79% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs ZK: 0.23

ZEEKR Intelligent Technology Holding Cash-to-Debt Historical Data

The historical data trend for ZEEKR Intelligent Technology Holding'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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ZEEKR Intelligent Technology Holding Cash-to-Debt Chart

ZEEKR Intelligent Technology Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.12

2.34

0.99

0.41

ZEEKR Intelligent Technology Holding Quarterly Data
	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					0.99	N/A	0.42	0.41	0.23

Competitive Comparison of ZEEKR Intelligent Technology Holding's Cash-to-Debt

For the Auto Manufacturers subindustry, ZEEKR Intelligent Technology Holding'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.

ZEEKR Intelligent Technology Holding's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where ZEEKR Intelligent Technology Holding's Cash-to-Debt falls into.

ZEEKR Intelligent Technology Holding 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.

ZEEKR Intelligent Technology Holding'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)
	=	456.664	/	(864.181	+	253.096)
	=	0.41

ZEEKR Intelligent Technology Holding'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)
	=	378.074	/	(1358.745	+	253.632)
	=	0.23

ZEEKR Intelligent Technology Holding (NYSE:ZK) 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.

ZEEKR Intelligent Technology Holding Cash-to-Debt Related Terms

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ZEEKR Intelligent Technology Holding (ZEEKR Intelligent Technology Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZEEKR Intelligent Technology Holding Ltd (NYSE:ZK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1388 Minshan Road, Xinqi Street, Beilun District, Zhejiang, Ningbo, CHN

Website

https://www.zeekrlife.com

ZEEKR Intelligent Technology Holding Ltd is a fast-growing BEV technology company. By developing and offering next-generation premium BEVs and technology-driven solutions, It aspires to lead the automobile industry's electrification, intelligentization and innovation. Since its inception, It has focused on innovation in BEV architecture, hardware, software, and application of new technologies. It is principally engaged in the commercialization and sales of electric vehicles and batteries, and the provision of automotive-related research and development services.

ZEEKR Intelligent Technology Holding (ZEEKR Intelligent Technology Holding) Headlines

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