CM Hi-Tech Cleanroom (HKSE:02115) Cash-to-Debt : 2.03 (As of Dec. 2023)

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What is CM Hi-Tech Cleanroom 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. CM Hi-Tech Cleanroom's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.03.

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, CM Hi-Tech Cleanroom could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for CM Hi-Tech Cleanroom's Cash-to-Debt or its related term are showing as below:

HKSE:02115' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.7 Med: 2.49 Max: 4.6
Current: 2.03

During the past 7 years, CM Hi-Tech Cleanroom's highest Cash to Debt Ratio was 4.60. The lowest was 1.70. And the median was 2.49.

HKSE:02115's Cash-to-Debt is ranked better than
70.51% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs HKSE:02115: 2.03

CM Hi-Tech Cleanroom Cash-to-Debt Historical Data

The historical data trend for CM Hi-Tech Cleanroom'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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CM Hi-Tech Cleanroom Cash-to-Debt Chart

CM Hi-Tech Cleanroom Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.45

4.60

1.70

2.49

2.03

CM Hi-Tech Cleanroom Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						1.70	1.68	2.49	2.32	2.03

Competitive Comparison of CM Hi-Tech Cleanroom's Cash-to-Debt

For the Building Products & Equipment subindustry, CM Hi-Tech Cleanroom'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.

CM Hi-Tech Cleanroom's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, CM Hi-Tech Cleanroom's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CM Hi-Tech Cleanroom's Cash-to-Debt falls into.

CM Hi-Tech Cleanroom 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.

CM Hi-Tech Cleanroom'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)
	=	146.973	/	(68.721	+	3.662)
	=	2.03

CM Hi-Tech Cleanroom's Cash to Debt Ratio for the quarter 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)
	=	146.973	/	(68.721	+	3.662)
	=	2.03

CM Hi-Tech Cleanroom (HKSE:02115) 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.

CM Hi-Tech Cleanroom Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CM Hi-Tech Cleanroom's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CM Hi-Tech Cleanroom (HKSE:02115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CM Hi-Tech Cleanroom Ltd (HKSE:02115) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Lot P.T. 14274, Jalan SU8, Persiaran Tengku Ampuan, Shah Alam, SGR, MYS, 40400

Website

https://www.channelmicron.com

CM Hi-Tech Cleanroom Ltd Formerly Channel Micron Holdings Co Ltd is a cleanroom wall and ceiling systems and cleanroom equipment provider. The company provides a range of cleanroom products and services, including the development, production and installation of cleanroom wall and ceiling systems, and cleanroom equipment such as fan filter units (which filter and regulate airflow in a cleanroom), air showers, pass boxes and HEPA filters. Its segments include Cleanroom wall and ceiling systems, which is the key revenue-generating segment; Cleanroom equipment; and others. It has a business presence in the PRC, Malaysia, the Philippines, Singapore and others. A majority of revenue is derived from the PRC.

CM Hi-Tech Cleanroom (HKSE:02115) Headlines

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