Hengdian Group Dmegc Magnetics Co (SZSE:002056) Cash-to-Debt : 4.81 (As of Mar. 2024)

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What is Hengdian Group Dmegc Magnetics 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. Hengdian Group Dmegc Magnetics Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.81.

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, Hengdian Group Dmegc Magnetics 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 Hengdian Group Dmegc Magnetics Co's Cash-to-Debt or its related term are showing as below:

SZSE:002056' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.77 Med: 4.46 Max: No Debt
Current: 4.81

During the past 13 years, Hengdian Group Dmegc Magnetics Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.77. And the median was 4.46.

SZSE:002056's Cash-to-Debt is ranked better than
70.57% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs SZSE:002056: 4.81

Hengdian Group Dmegc Magnetics Co Cash-to-Debt Historical Data

The historical data trend for Hengdian Group Dmegc Magnetics 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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Hengdian Group Dmegc Magnetics Co Cash-to-Debt Chart

Hengdian Group Dmegc Magnetics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.36

4.34

6.43

4.09

3.79

Hengdian Group Dmegc Magnetics 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															4.57	4.10	3.22	3.79	4.81

Competitive Comparison of Hengdian Group Dmegc Magnetics Co's Cash-to-Debt

For the Consumer Electronics subindustry, Hengdian Group Dmegc Magnetics 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.

Hengdian Group Dmegc Magnetics Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengdian Group Dmegc Magnetics Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hengdian Group Dmegc Magnetics Co's Cash-to-Debt falls into.

Hengdian Group Dmegc Magnetics 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.

Hengdian Group Dmegc Magnetics 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)
	=	9189.207	/	(2223.135	+	202.714)
	=	3.79

Hengdian Group Dmegc Magnetics 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)
	=	8407.062	/	(1546.11	+	203.403)
	=	4.81

Hengdian Group Dmegc Magnetics Co (SZSE:002056) 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.

Hengdian Group Dmegc Magnetics Co Cash-to-Debt Related Terms

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

Hengdian Group Dmegc Magnetics Co (SZSE:002056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengdian Group Dmegc Magnetics Co Ltd (SZSE:002056) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118

Website

http://www.chinadmegc.com

Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.

Hengdian Group Dmegc Magnetics Co (SZSE:002056) Headlines

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