Ningbo Yongxin Optics Co (SHSE:603297) Cash-to-Debt : 23.21 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Ningbo Yongxin Optics 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. Ningbo Yongxin Optics Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 23.21.

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, Ningbo Yongxin Optics Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Ningbo Yongxin Optics Co's Cash-to-Debt or its related term are showing as below:

SHSE:603297' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.08 Med: 24.19 Max: No Debt
Current: 23.21

During the past 10 years, Ningbo Yongxin Optics Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.08. And the median was 24.19.

SHSE:603297's Cash-to-Debt is ranked better than
84.9% of 2470 companies
in the Hardware industry
Industry Median: 1.34 vs SHSE:603297: 23.21

Ningbo Yongxin Optics Co Cash-to-Debt Historical Data

The historical data trend for Ningbo Yongxin Optics 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.

* Premium members only.

Ningbo Yongxin Optics Co Cash-to-Debt Chart

Ningbo Yongxin Optics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

23.47

32.96

23.31

24.62

Ningbo Yongxin Optics 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															23.76	22.55	23.35	24.62	23.21

Competitive Comparison of Ningbo Yongxin Optics Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Ningbo Yongxin Optics 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.

Ningbo Yongxin Optics Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ningbo Yongxin Optics Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ningbo Yongxin Optics Co's Cash-to-Debt falls into.

Ningbo Yongxin Optics 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.

Ningbo Yongxin Optics 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)
	=	998.315	/	(40.553	+	0)
	=	24.62

Ningbo Yongxin Optics 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)
	=	939.849	/	(40.427	+	0.061)
	=	23.21

Ningbo Yongxin Optics Co (SHSE:603297) 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.

Ningbo Yongxin Optics Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ningbo Yongxin Optics Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningbo Yongxin Optics Co (SHSE:603297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ningbo Yongxin Optics Co Ltd (SHSE:603297) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.385 Mingzhu Road, Hi-tech Industry Park, Zhejiang, Ningbo, CHN, 315040

Website

http://www.yxopt.com

Ningbo Yongxin Optics Co Ltd is a Chinese microscope manufacturer. It is engaged in manufacturing and selling biological microscopes and industrial microscopes, strips Code scanner lens, planar optics, and professional imaging optics components under the brands NOVEL, JIANGNAN, and INOVO. The company exports its products throughout Europe, America, Japan, Singapore, and other countries and regions.

Ningbo Yongxin Optics Co (SHSE:603297) Headlines

No Headlines