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Ecovacs Robotics Co (SHSE:603486) Cash-to-Debt : 2.60 (As of Sep. 2023)


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What is Ecovacs Robotics 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. Ecovacs Robotics Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.60.

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, Ecovacs Robotics Co 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 Ecovacs Robotics Co's Cash-to-Debt or its related term are showing as below:

SHSE:603486' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.37   Med: 6.95   Max: No Debt
Current: 2.6

During the past 10 years, Ecovacs Robotics Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.37. And the median was 6.95.

SHSE:603486's Cash-to-Debt is ranked better than
70.24% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.94 vs SHSE:603486: 2.60

Ecovacs Robotics Co Cash-to-Debt Historical Data

The historical data trend for Ecovacs Robotics 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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Ecovacs Robotics Co Cash-to-Debt Chart

Ecovacs Robotics Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.26 5.59 18.60 4.46 3.46

Ecovacs Robotics Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.66 3.46 2.37 2.76 2.60

Competitive Comparison of Ecovacs Robotics Co's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Ecovacs Robotics 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.


Ecovacs Robotics Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ecovacs Robotics Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ecovacs Robotics Co's Cash-to-Debt falls into.



Ecovacs Robotics 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.

Ecovacs Robotics Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Ecovacs Robotics Co's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

* 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.


Ecovacs Robotics Co  (SHSE:603486) 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.


Ecovacs Robotics Co Cash-to-Debt Related Terms

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Ecovacs Robotics Co (SHSE:603486) Business Description

Traded in Other Exchanges
N/A
Address
No. 108 Shihu West Road, Wuzhong District, Suzhou, CHN, 215168
Ecovacs Robotics Co Ltd is primarily involved in the design, manufacture, and sale of robotic products. Its products include DEEBOT, a floor-cleaning robot; WINBOT, a window-cleaning robot; ATMOBOT, a mobile air-purifier robot; and BENEBOT, a shopping assistance robot. Ecovacs Robotics has expanded from its home market in China establishing strong sales subsidiaries in Japan, Germany and the U.S. In addition, the company has also expanded sales into a number of other major markets and regions including: Canada, the Czech Republic, France, Iran, Malaysia, Poland, Spain, Switzerland, and many more.

Ecovacs Robotics Co (SHSE:603486) Headlines

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