Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Cash-to-Debt : 4.65 (As of Mar. 2024)

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What is Zhejiang Tiantai Xianghe Industrial 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. Zhejiang Tiantai Xianghe Industrial Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.65.

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, Zhejiang Tiantai Xianghe Industrial 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 Zhejiang Tiantai Xianghe Industrial Co's Cash-to-Debt or its related term are showing as below:

SHSE:603500' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59 Med: 8.42 Max: No Debt
Current: 4.65

During the past 11 years, Zhejiang Tiantai Xianghe Industrial Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.59. And the median was 8.42.

SHSE:603500's Cash-to-Debt is ranked better than
86.44% of 966 companies
in the Transportation industry
Industry Median: 0.48 vs SHSE:603500: 4.65

Zhejiang Tiantai Xianghe Industrial Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Tiantai Xianghe Industrial 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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Zhejiang Tiantai Xianghe Industrial Co Cash-to-Debt Chart

Zhejiang Tiantai Xianghe Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

8.42

5.04

4.69

Zhejiang Tiantai Xianghe Industrial 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															5.39	5.62	5.22	4.69	4.65

Competitive Comparison of Zhejiang Tiantai Xianghe Industrial Co's Cash-to-Debt

For the Railroads subindustry, Zhejiang Tiantai Xianghe Industrial 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.

Zhejiang Tiantai Xianghe Industrial Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhejiang Tiantai Xianghe Industrial Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhejiang Tiantai Xianghe Industrial Co's Cash-to-Debt falls into.

Zhejiang Tiantai Xianghe Industrial 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.

Zhejiang Tiantai Xianghe Industrial 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)
	=	376.257	/	(69.894	+	10.372)
	=	4.69

Zhejiang Tiantai Xianghe Industrial 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)
	=	328.567	/	(60.337	+	10.271)
	=	4.65

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) 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.

Zhejiang Tiantai Xianghe Industrial Co Cash-to-Debt Related Terms

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

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantai Xianghe Industrial Co Ltd (SHSE:603500) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 799, Renmin East Road, Chicheng Street, Zhejiang Province, Tiantai County, Taizhou, CHN

Website

http://www.ttxh.com.cn

Zhejiang Tiantai Xianghe Industrial Co Ltd is engaged in the research, development, commissioning, verification and industrialization of the national high-speed rail fastener project group. The company's main products include fastener products such as nylon parts, rubber parts, elastic pads and plastic parts; electronic products such as rubber stoppers and bases.

Executives

Tang Xiao	Directors, senior managers
Tang Jiao	Directors, senior managers
Tang You Qian	Director
Tang Wen Ming	Directors, senior managers
Zheng Yuan Fei	senior management
Wang Hong Hai	senior management
Qi Wei	senior management

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Headlines

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