Guodian Nanjing Automation Co (SHSE:600268) Cash-to-Debt : 3.57 (As of Mar. 2024)

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What is Guodian Nanjing Automation 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. Guodian Nanjing Automation Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.57.

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, Guodian Nanjing Automation 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 Guodian Nanjing Automation Co's Cash-to-Debt or its related term are showing as below:

SHSE:600268' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.43 Max: 3.57
Current: 3.57

During the past 13 years, Guodian Nanjing Automation Co's highest Cash to Debt Ratio was 3.57. The lowest was 0.11. And the median was 0.43.

SHSE:600268's Cash-to-Debt is ranked better than
66.67% of 2376 companies
in the Hardware industry
Industry Median: 1.335 vs SHSE:600268: 3.57

Guodian Nanjing Automation Co Cash-to-Debt Historical Data

The historical data trend for Guodian Nanjing Automation 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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Guodian Nanjing Automation Co Cash-to-Debt Chart

Guodian Nanjing Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.77

1.30

1.70

1.99

3.12

Guodian Nanjing Automation 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															1.07	0.99	0.98	3.12	3.57

Competitive Comparison of Guodian Nanjing Automation Co's Cash-to-Debt

For the Consumer Electronics subindustry, Guodian Nanjing Automation 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.

Guodian Nanjing Automation Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guodian Nanjing Automation Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guodian Nanjing Automation Co's Cash-to-Debt falls into.

Guodian Nanjing Automation 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.

Guodian Nanjing Automation 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)
	=	1814.033	/	(278.384	+	303.076)
	=	3.12

Guodian Nanjing Automation 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)
	=	1492.956	/	(113.15	+	304.649)
	=	3.57

Guodian Nanjing Automation Co (SHSE:600268) 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.

Guodian Nanjing Automation Co Cash-to-Debt Related Terms

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Guodian Nanjing Automation Co (SHSE:600268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guodian Nanjing Automation Co Ltd (SHSE:600268) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 39, Shuige Road, Jiangning Development Zone, Jiangsu, Nanjing, CHN, 210032

Website

http://www.sac-china.com

Guodian Nanjing Automation Co Ltd is engaged in grid automation, power plant automation, water conservation, hydropower automation, rail transportation automation, industrial automation, and information security monitoring systems.

Executives

Wang Ru	senior management
Wang Feng Jiao	Director
Zhou Qian	senior management
Luo Zhen Xin	Director
Liu Wei	senior management
Jing Hai Lin	Director
Guo Xiao Jun	Director
Liu Ying	Director
Dong Wen	senior management
Ying Guang Wei	Director

Guodian Nanjing Automation Co (SHSE:600268) Headlines

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