Shanghai United Imaging Healthcare Co (SHSE:688271) Cash-to-Debt : 73.67 (As of Sep. 2023)

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What is Shanghai United Imaging Healthcare 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. Shanghai United Imaging Healthcare Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 73.67.

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, Shanghai United Imaging Healthcare 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 Shanghai United Imaging Healthcare Co's Cash-to-Debt or its related term are showing as below:

SHSE:688271' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 17.15 Max: 112.7
Current: 73.67

During the past 5 years, Shanghai United Imaging Healthcare Co's highest Cash to Debt Ratio was 112.70. The lowest was 0.94. And the median was 17.15.

SHSE:688271's Cash-to-Debt is ranked better than
86.89% of 862 companies
in the Medical Devices & Instruments industry
Industry Median: 2.03 vs SHSE:688271: 73.67

Shanghai United Imaging Healthcare Co Cash-to-Debt Historical Data

The historical data trend for Shanghai United Imaging Healthcare 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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Shanghai United Imaging Healthcare Co Cash-to-Debt Chart

Shanghai United Imaging Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

1.12

0.94

5.44

19.49

105.67

Shanghai United Imaging Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									88.49	105.67	112.70	81.08	73.67

Competitive Comparison of Shanghai United Imaging Healthcare Co's Cash-to-Debt

For the Medical Devices subindustry, Shanghai United Imaging Healthcare 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.

Shanghai United Imaging Healthcare Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Shanghai United Imaging Healthcare Co's Cash-to-Debt falls into.

Shanghai United Imaging Healthcare 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.

Shanghai United Imaging Healthcare 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)
	=	14097.325	/	(31.642	+	101.771)
	=	105.67

Shanghai United Imaging Healthcare 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)
	=	12024.992	/	(36.159	+	127.073)
	=	73.67

Shanghai United Imaging Healthcare Co (SHSE:688271) 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.

Shanghai United Imaging Healthcare Co Cash-to-Debt Related Terms

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Shanghai United Imaging Healthcare Co (SHSE:688271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai United Imaging Healthcare Co Ltd (SHSE:688271) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2258, Chengbei Road, Jiading District, Shanghai, CHN, 201807

Website

https://www.united-imaging.com

Shanghai United Imaging Healthcare Co Ltd is dedicated to providing, developing and producing high-performance advanced medical imaging, radiotherapy equipment, life science instruments and offers intelligent digital solutions to customers worldwide.

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