Sany Heavy Industry Co (SHSE:600031) Cash-to-Debt : 0.91 (As of Mar. 2024)

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What is Sany Heavy Industry 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. Sany Heavy Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.91.

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, Sany Heavy Industry Co 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 Sany Heavy Industry Co's Cash-to-Debt or its related term are showing as below:

SHSE:600031' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.9 Max: 2.85
Current: 0.91

During the past 13 years, Sany Heavy Industry Co's highest Cash to Debt Ratio was 2.85. The lowest was 0.11. And the median was 0.90.

SHSE:600031's Cash-to-Debt is ranked better than
58.94% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.58 vs SHSE:600031: 0.91

Sany Heavy Industry Co Cash-to-Debt Historical Data

The historical data trend for Sany Heavy Industry 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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Sany Heavy Industry Co Cash-to-Debt Chart

Sany Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.15

1.86

1.44

1.03

0.82

Sany Heavy Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.91	0.90	0.94	0.82	0.91

Competitive Comparison of Sany Heavy Industry Co's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Sany Heavy Industry 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.

Sany Heavy Industry Co's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sany Heavy Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sany Heavy Industry Co's Cash-to-Debt falls into.

Sany Heavy Industry 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.

Sany Heavy Industry 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)
	=	28920.763	/	(11372.471	+	24106.304)
	=	0.82

Sany Heavy Industry Co'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)
	=	31214.321	/	(11901.174	+	22351.879)
	=	0.91

Sany Heavy Industry Co (SHSE:600031) 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.

Sany Heavy Industry Co Cash-to-Debt Related Terms

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Sany Heavy Industry Co (SHSE:600031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sany Heavy Industry Co Ltd (SHSE:600031) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

SANY Industrial Park, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410100

Website

http://www.sanyglobal.com

Sany is a leading construction machinery manufacturer in China and is one of the top 10 in the world in terms of revenue. Its products range from concrete and crane machinery to excavator, road construction, piling machinery, and others. Following its acquisition of Putzmeister in 2012, it strengthened its position in the concrete machinery space globally as one of the leading concrete pumps manufacturers. It is also the largest excavator manufacturer in China with 21% market share in 2017. China accounted for around 70% of its revenue in 2019, while the rest comes from overseas markets.

Sany Heavy Industry Co (SHSE:600031) Headlines

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