Weichai Heavy Machinery Co (SZSE:000880) Cash-to-Debt : 4,217.53 (As of Mar. 2024)

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What is Weichai Heavy Machinery 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. Weichai Heavy Machinery Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4,217.53.

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, Weichai Heavy Machinery 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 Weichai Heavy Machinery Co's Cash-to-Debt or its related term are showing as below:

SZSE:000880' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.22 Med: No Debt Max: No Debt
Current: 4217.53

During the past 13 years, Weichai Heavy Machinery Co's highest Cash to Debt Ratio was No Debt. The lowest was 11.22. And the median was No Debt.

SZSE:000880's Cash-to-Debt is ranked better than
95.04% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs SZSE:000880: 4217.53

Weichai Heavy Machinery Co Cash-to-Debt Historical Data

The historical data trend for Weichai Heavy Machinery 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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Weichai Heavy Machinery Co Cash-to-Debt Chart

Weichai Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

91.65

428.86

3,914.84

Weichai Heavy Machinery 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															430.33	412.72	426.82	3,914.84	4,217.53

Competitive Comparison of Weichai Heavy Machinery Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Weichai Heavy Machinery 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.

Weichai Heavy Machinery Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Weichai Heavy Machinery Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Weichai Heavy Machinery Co's Cash-to-Debt falls into.

Weichai Heavy Machinery 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.

Weichai Heavy Machinery 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)
	=	2114.015	/	(0.54	+	0)
	=	3,914.84

Weichai Heavy Machinery 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)
	=	2277.465	/	(0.54	+	0)
	=	4,217.53

Weichai Heavy Machinery Co (SZSE:000880) 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.

Weichai Heavy Machinery Co Cash-to-Debt Related Terms

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Weichai Heavy Machinery Co (SZSE:000880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Heavy Machinery Co Ltd (SZSE:000880) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Minsheng East Street, Shandong Province, Weifang, CHN, 261001

Website

http://www.weichaihm.com

Weichai Heavy Machinery Co Ltd is a China-based company engaged in developing, manufacturing and selling marine power and power generating units. Its product portfolio includes medium-speed diesel engines, power generating sets, powertrain system for marine power, generating device market, diesel engine parts and marine gearbox parts. The company provides core power and complete solutions to the global shipping and energy electricity market.

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