Zhuhai Painter Technology Co (BJSE:836871) Cash-to-Debt : 219.20 (As of Mar. 2024)

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What is Zhuhai Painter Technology 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. Zhuhai Painter Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 219.20.

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

BJSE:836871' s Cash-to-Debt Range Over the Past 10 Years
Min: 118.53 Med: No Debt Max: No Debt
Current: 219.2

During the past 11 years, Zhuhai Painter Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 118.53. And the median was No Debt.

BJSE:836871's Cash-to-Debt is ranked better than
92.86% of 140 companies
in the Industrial Distribution industry
Industry Median: 0.59 vs BJSE:836871: 219.20

Zhuhai Painter Technology Co Cash-to-Debt Historical Data

The historical data trend for Zhuhai Painter 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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Zhuhai Painter Technology Co Cash-to-Debt Chart

Zhuhai Painter Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

130.62

1,149.92

469.33

Zhuhai Painter Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															No Debt	No Debt	No Debt	469.33	219.20

Competitive Comparison of Zhuhai Painter Technology Co's Cash-to-Debt

For the Industrial Distribution subindustry, Zhuhai Painter 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.

Zhuhai Painter Technology Co's Cash-to-Debt Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Zhuhai Painter Technology Co's Cash-to-Debt distribution charts can be found below:

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

Zhuhai Painter 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.

Zhuhai Painter Technology 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)
	=	90.111	/	(0.1	+	0.092)
	=	469.33

Zhuhai Painter Technology 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)
	=	92.939	/	(0.1	+	0.324)
	=	219.20

Zhuhai Painter Technology Co (BJSE:836871) 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.

Zhuhai Painter Technology Co Cash-to-Debt Related Terms

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

Zhuhai Painter Technology Co (BJSE:836871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Zhuhai Painter Technology Co Ltd (BJSE:836871) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Chuangye Middle Road, Shuanglin Area, Liangang Industrial Zone, Jinwan District, Guangdong Province, Zhuhai City, CHN

Website

http://www.w-painter.com

Zhuhai Painter Technology Co Ltd engages in research and development, production and sales of industrial hoses and assemblies, and modified engineering plastics. Its product portfolio comprises pressure (brake) nylon tubes, high-pressure hoses, Teflon hose resin, high precision pressure hoses, air conditioning refrigerant pipe, high-pressure hydraulic hoses (assembly design and production), hydraulic hose assembly, transition joints and other accessories, modified engineering plastics products. The company's products are widely used in various industrial mother machines, wind power industry, automobile industry, construction machinery, water conservancy, metallurgical machinery, lifting machinery, construction spraying machinery, unmanned aerial vehicles, and other industries or fields.

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