Beijing Wandong Medical Technology Co (SHSE:600055) Cash-to-Debt : 208.32 (As of Dec. 2023)

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What is Beijing Wandong Medical Technology 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. Beijing Wandong Medical Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 208.32.

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, Beijing Wandong Medical Technology Co 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 Beijing Wandong Medical Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:600055' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 140.29 Max: 1696.21
Current: 208.32

During the past 13 years, Beijing Wandong Medical Technology Co's highest Cash to Debt Ratio was 1696.21. The lowest was 0.46. And the median was 140.29.

SHSE:600055's Cash-to-Debt is ranked better than
90.95% of 862 companies
in the Medical Devices & Instruments industry
Industry Median: 2.03 vs SHSE:600055: 208.32

Beijing Wandong Medical Technology Co Cash-to-Debt Historical Data

The historical data trend for Beijing Wandong Medical Technology 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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Beijing Wandong Medical Technology Co Cash-to-Debt Chart

Beijing Wandong Medical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1,696.21

66.83

62.22

152.43

208.32

Beijing Wandong Medical Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															152.43	162.68	193.08	198.53	208.32

Competitive Comparison of Beijing Wandong Medical Technology Co's Cash-to-Debt

For the Medical Devices subindustry, Beijing Wandong Medical Technology 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.

Beijing Wandong Medical Technology Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Beijing Wandong Medical Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Beijing Wandong Medical Technology Co's Cash-to-Debt falls into.

Beijing Wandong Medical Technology 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.

Beijing Wandong Medical Technology 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)
	=	3440.843	/	(5.33	+	11.187)
	=	208.32

Beijing Wandong Medical Technology Co'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)
	=	3440.843	/	(5.33	+	11.187)
	=	208.32

Beijing Wandong Medical Technology Co (SHSE:600055) 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.

Beijing Wandong Medical Technology Co Cash-to-Debt Related Terms

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Beijing Wandong Medical Technology Co (SHSE:600055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Beijing Wandong Medical Technology Co Ltd (SHSE:600055) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Jiuxianqiao East Road, 9th Floor, Building 3, Chaoyang District, Beijing, CHN, 100015

Website

http://www.wandong.com.cn

Beijing Wandong Medical Technology Co Ltd is engaged in the development, manufacture, and distribution of medical equipment. Its products consist of radiological imaging equipment, including angiographic and cardiac systems, digital direct radiography (DR) imaging equipment, high frequency diagnostic systems, high frequency radiographic systems, conventional x-ray diagnostic equipment and high frequency mobile units, magnetic resonance imaging (MRI) equipment, as well as digital medical image management systems, among others. The company is also engaged in providing maintenance services.

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