Beijing Dahao Technology (SHSE:603025) Cash-to-Debt : 1.85 (As of Sep. 2023)

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What is Beijing Dahao Technology 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 Dahao Technology's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.85.

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 Dahao Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

SHSE:603025' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.7 Med: No Debt Max: No Debt
Current: 1.85

During the past 12 years, Beijing Dahao Technology's highest Cash to Debt Ratio was No Debt. The lowest was 1.70. And the median was No Debt.

SHSE:603025's Cash-to-Debt is ranked better than
58.33% of 3000 companies
in the Industrial Products industry
Industry Median: 1.205 vs SHSE:603025: 1.85

Beijing Dahao Technology Cash-to-Debt Historical Data

The historical data trend for Beijing Dahao Technology'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 Dahao Technology Cash-to-Debt Chart

Beijing Dahao Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

9.36

291.04

48.23

7.70

Beijing Dahao Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															6.97	7.70	8.93	1.70	1.85

Competitive Comparison of Beijing Dahao Technology's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Beijing Dahao Technology'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 Dahao Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing Dahao Technology's Cash-to-Debt distribution charts can be found below:

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

Beijing Dahao Technology 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 Dahao Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	978.493	/	(117.627	+	9.395)
	=	7.70

Beijing Dahao Technology's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1275.736	/	(681.282	+	9.237)
	=	1.85

Beijing Dahao Technology (SHSE:603025) 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 Dahao Technology Cash-to-Debt Related Terms

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Beijing Dahao Technology (SHSE:603025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Dahao Technology Corp Ltd (SHSE:603025) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

M7 Building, No.1 Jiu Xian Qiao East Road, Chaoyang District, Beijing, CHN, 100015

Website

http://www.dahaobj.cn

Beijing Dahao Technology Corp Ltd is a China-based company engages in the research, production, and sale of various computerized control systems for sewing and knitting machines. Its products are mainly used in embroidery machines, sewing machine control systems, and flat-knitting machine control systems. The company mainly operates its business in East China, South China, Central China and North China.

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