EZGO Technologies (EZGO Technologies) Cash-to-Debt : 2.94 (As of Sep. 2023)

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What is EZGO Technologies 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. EZGO Technologies's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.94.

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, EZGO Technologies 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 EZGO Technologies's Cash-to-Debt or its related term are showing as below:

EZGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: 5.43 Max: No Debt
Current: 2.94

During the past 6 years, EZGO Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.85. And the median was 5.43.

EZGO's Cash-to-Debt is ranked better than
77.2% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.565 vs EZGO: 2.94

EZGO Technologies Cash-to-Debt Historical Data

The historical data trend for EZGO Technologies'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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EZGO Technologies Cash-to-Debt Chart

EZGO Technologies Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.85

7.91

23.10

1.81

2.94

EZGO Technologies Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						23.10	0.92	1.81	1.95	2.94

Competitive Comparison of EZGO Technologies's Cash-to-Debt

For the Recreational Vehicles subindustry, EZGO Technologies'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.

EZGO Technologies's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EZGO Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EZGO Technologies's Cash-to-Debt falls into.

EZGO Technologies 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.

EZGO Technologies's Cash to Debt Ratio for the fiscal year 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)
	=	17.938	/	(1.712	+	4.386)
	=	2.94

EZGO Technologies'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)
	=	17.938	/	(1.712	+	4.386)
	=	2.94

EZGO Technologies (NAS:EZGO) 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.

EZGO Technologies Cash-to-Debt Related Terms

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EZGO Technologies (EZGO Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EZGO Technologies Ltd (NAS:EZGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164

Website

https://www.ezgotech.com.cn

EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs and the E-bicycle sales segment. The company generates maximum revenue from the E-bicycle segment.