Loncin Motor Co (SHSE:603766) Cash-to-Debt : 7.23 (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Loncin Motor 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. Loncin Motor Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 7.23.

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

SHSE:603766' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.93 Med: 6.92 Max: No Debt
Current: 7.23

During the past 13 years, Loncin Motor Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.93. And the median was 6.92.

SHSE:603766's Cash-to-Debt is ranked better than
84.52% of 1292 companies
in the Vehicles & Parts industry
Industry Median: 0.57 vs SHSE:603766: 7.23

Loncin Motor Co Cash-to-Debt Historical Data

The historical data trend for Loncin Motor 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.

Loncin Motor Co Cash-to-Debt Chart

Loncin Motor Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

3.40

2.39

2.50

5.03

6.17

Loncin Motor 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															6.09	6.17	5.99	7.94	7.23

Competitive Comparison of Loncin Motor Co's Cash-to-Debt

For the Recreational Vehicles subindustry, Loncin Motor 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.

Loncin Motor Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Loncin Motor Co's Cash-to-Debt distribution charts can be found below:

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

Loncin Motor 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.

Loncin Motor Co'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)
	=	4120.387	/	(371.565	+	295.949)
	=	6.17

Loncin Motor Co'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)
	=	5154.973	/	(391.853	+	321.247)
	=	7.23

Loncin Motor Co (SHSE:603766) 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.

Loncin Motor Co Cash-to-Debt Related Terms

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

Loncin Motor Co (SHSE:603766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Loncin Motor Co Ltd (SHSE:603766) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.116 Juye Road, C Area of Jiulong Industrial Park, Jiulongpo District, Chongqing, CHN, 400052

Website

http://www.loncinindustries.com

Loncin Motor Co Ltd is a China-based company engaged in manufacturing recreational vehicles, light-duty power units, engines and engine parts, and farm machinery. It is also involved in the development and incubation of burgeoning businesses with core technology of internal combustion engine as the platform.

Loncin Motor Co (SHSE:603766) Headlines

No Headlines