Chengdu XGimi Technology Co (SHSE:688696) Cash-to-Debt : 3.52 (As of Sep. 2023)

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Chengdu XGimi Technology Co Cash-to-Debt Definition

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. Chengdu XGimi Technology Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.52.

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, Chengdu XGimi Technology 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 Chengdu XGimi Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:688696' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.06 Med: 5.12 Max: 12.4
Current: 3.52

During the past 6 years, Chengdu XGimi Technology Co's highest Cash to Debt Ratio was 12.40. The lowest was 2.06. And the median was 5.12.

SHSE:688696's Cash-to-Debt is ranked better than
66.69% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs SHSE:688696: 3.52

Chengdu XGimi Technology Co Cash-to-Debt Historical Data

The historical data trend for Chengdu XGimi Technology 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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Chengdu XGimi Technology Co Cash-to-Debt Chart

Chengdu XGimi Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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2.25

3.00

2.06

6.56

6.86

Chengdu XGimi Technology Co Quarterly Data
	Dec17	Dec18	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														6.28	6.86	4.96	3.80	3.52

Chengdu XGimi Technology Co Cash-to-Debt Competitive Comparison

For the Consumer Electronics subindustry, Chengdu XGimi Technology 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.

Chengdu XGimi Technology Co Cash-to-Debt Distribution

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

* The bar in red indicates where Chengdu XGimi Technology Co's Cash-to-Debt falls into.

Chengdu XGimi Technology 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.

Chengdu XGimi Technology 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)
	=	2213.4	/	(14.162	+	308.714)
	=	6.86

Chengdu XGimi Technology 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)
	=	2323.731	/	(346.225	+	314.099)
	=	3.52

Chengdu XGimi Technology Co (SHSE:688696) 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.

Chengdu XGimi Technology Co Cash-to-Debt Related Terms

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Chengdu XGimi Technology Co (SHSE:688696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu XGimi Technology Co Ltd (SHSE:688696) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

1129 Century City Road, High-tech Zone, China (Sichuan) Pilot Free Trade Zone, No. 2, Floor 2, Unit 1, Building 4, Area A, Tianfu Software Park, Chengdu, CHN, 610000

Website

https://www.xgimi.com

Chengdu XGimi Technology Co Ltd is engaged in the designing and manufacturing of high-performance multi-functional smart projectors and laser TVs.

Chengdu XGimi Technology Co (SHSE:688696) Headlines

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