Bethel Automotivefety Systems Co (SHSE:603596) Cash-to-Debt : 5.95 (As of Mar. 2024)

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What is Bethel Automotivefety Systems 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. Bethel Automotivefety Systems Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.95.

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, Bethel Automotivefety Systems 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 Bethel Automotivefety Systems Co's Cash-to-Debt or its related term are showing as below:

SHSE:603596' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 3.2 Max: 38.1
Current: 5.95

During the past 11 years, Bethel Automotivefety Systems Co's highest Cash to Debt Ratio was 38.10. The lowest was 0.22. And the median was 3.20.

SHSE:603596's Cash-to-Debt is ranked better than
83.47% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs SHSE:603596: 5.95

Bethel Automotivefety Systems Co Cash-to-Debt Historical Data

The historical data trend for Bethel Automotivefety Systems 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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Bethel Automotivefety Systems Co Cash-to-Debt Chart

Bethel Automotivefety Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.47

38.10

2.87

3.99

7.33

Bethel Automotivefety Systems 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															3.59	3.20	2.90	7.33	5.95

Competitive Comparison of Bethel Automotivefety Systems Co's Cash-to-Debt

For the Auto Parts subindustry, Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Bethel Automotivefety Systems Co's Cash-to-Debt falls into.

Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems 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)
	=	2554.187	/	(286.661	+	61.768)
	=	7.33

Bethel Automotivefety Systems 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)
	=	2371.541	/	(336.761	+	61.651)
	=	5.95

Bethel Automotivefety Systems Co (SHSE:603596) 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.

Bethel Automotivefety Systems Co Cash-to-Debt Related Terms

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Bethel Automotivefety Systems Co (SHSE:603596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bethel Automotive Safety Systems Co Ltd (SHSE:603596) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 19, Taishan Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

http://www.btl-auto.com

Bethel Automotive Safety Systems Co Ltd is a China based company engaged in manufacturing and marketing of automotive safety systems. Its products include passenger car and commercial vehicle front and rear disc brakes, drum brakes, rear integrated parking brake, rear disc brake drum, brake master cylinder, vacuum booster, cast aluminum steering knuckle and others.

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