Geely Automobile Holdings (LTS:0YZ2) Cash-to-Debt

: 4.41 (As of Dec. 2023)

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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. Geely Automobile Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.41.

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, Geely Automobile Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LTS:0YZ2' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.53 Med: 4.68 Max: 10.35
Current: 4.41

During the past 13 years, Geely Automobile Holdings's highest Cash to Debt Ratio was 10.35. The lowest was 2.53. And the median was 4.68.

LTS:0YZ2's Cash-to-Debt is ranked better than
81.61% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs LTS:0YZ2: 4.41

Geely Automobile Holdings Cash-to-Debt Historical Data

The historical data trend for Geely Automobile Holdings'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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Geely Automobile Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

4.58

4.80

6.21

2.53

4.41

Geely Automobile Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																6.21	2.68	2.53	5.14	4.41

Competitive Comparison

For the Auto Manufacturers subindustry, Geely Automobile Holdings'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.

Geely Automobile Holdings Cash-to-Debt Distribution

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

* The bar in red indicates where Geely Automobile Holdings's Cash-to-Debt falls into.

Geely Automobile Holdings 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.

Geely Automobile Holdings'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)
	=	39098.18	/	(824.284	+	8035.532)
	=	4.41

Geely Automobile Holdings's Cash to Debt Ratio for the quarter 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)
	=	39098.18	/	(824.284	+	8035.532)
	=	4.41

Geely Automobile Holdings (LTS:0YZ2) 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.

Geely Automobile Holdings Cash-to-Debt Related Terms

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Geely Automobile Holdings (LTS:0YZ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Geely Automobile Holdings Ltd (LTS:0YZ2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GELYY:USA GELYF:USA 00175:Hong Kong GRU:Germany GRU:Austria

Address

23 Harbour Road, Room 2301, 23rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.geelyauto.com.hk

Based in Hangzhou, Zhejiang province, Geely Automobile Holdings manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The new brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.4 million cars in 2022. The domestic market accounts for more than 90% of Geely's revenue, with the rest coming from other parts of the world.

Geely Automobile Holdings (LTS:0YZ2) Headlines

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