Jiangsu lettall Electronic Co (SHSE:603629) Cash-to-Debt : 1.41 (As of Mar. 2024)

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What is Jiangsu lettall Electronic 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. Jiangsu lettall Electronic Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.41.

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, Jiangsu lettall Electronic 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 Jiangsu lettall Electronic Co's Cash-to-Debt or its related term are showing as below:

SHSE:603629' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.82 Max: 1.53
Current: 1.41

During the past 10 years, Jiangsu lettall Electronic Co's highest Cash to Debt Ratio was 1.53. The lowest was 0.29. And the median was 0.82.

SHSE:603629's Cash-to-Debt is ranked better than
51.13% of 2474 companies
in the Hardware industry
Industry Median: 1.34 vs SHSE:603629: 1.41

Jiangsu lettall Electronic Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu lettall Electronic 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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Jiangsu lettall Electronic Co Cash-to-Debt Chart

Jiangsu lettall Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.84

0.29

0.96

0.99

0.84

Jiangsu lettall Electronic 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	1.27	1.08	0.84	1.41

Competitive Comparison of Jiangsu lettall Electronic Co's Cash-to-Debt

For the Electronic Components subindustry, Jiangsu lettall Electronic 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.

Jiangsu lettall Electronic Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu lettall Electronic Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu lettall Electronic Co's Cash-to-Debt falls into.

Jiangsu lettall Electronic 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.

Jiangsu lettall Electronic 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)
	=	714.162	/	(720.303	+	125.565)
	=	0.84

Jiangsu lettall Electronic 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)
	=	1432.331	/	(886.257	+	127.321)
	=	1.41

Jiangsu lettall Electronic Co (SHSE:603629) 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.

Jiangsu lettall Electronic Co Cash-to-Debt Related Terms

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

Jiangsu lettall Electronic Co (SHSE:603629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu lettall Electronic Co Ltd (SHSE:603629) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xu Li Yixing path on the 8th, Industrial Zone homes, Jiangsu Province, Yixing, CHN, 214241

Website

http://www.lettall.com

Jiangsu Litong Electronics Co Ltd is a manufacturer of eletcronic household and appliances. The ocmpany's products include color TV, LCD TV and air conditioning and other household electrical appliances supporting electronic components, LCD module metal structure and switching power supply and other products.

Executives

Shi Ji	Directors, senior managers
Qian Xu	senior management
Xu Li Qun	senior management
Wu Kai Jun	senior management
Yang Bing	Director
Shao Qiu Ping	Director
Shao Shu Wei	Director
Shi Xu Ping	senior management
Tang Jing Bo	Supervisors
Zhang De Feng	Supervisors

Jiangsu lettall Electronic Co (SHSE:603629) Headlines

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