Wanxiang Qianchao Co (SZSE:000559) Cash-to-Debt : 1.06 (As of Mar. 2024)

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What is Wanxiang Qianchao 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. Wanxiang Qianchao Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.06.

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, Wanxiang Qianchao 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 Wanxiang Qianchao Co's Cash-to-Debt or its related term are showing as below:

SZSE:000559' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73 Med: 1.26 Max: 3.31
Current: 1.06

During the past 13 years, Wanxiang Qianchao Co's highest Cash to Debt Ratio was 3.31. The lowest was 0.73. And the median was 1.26.

SZSE:000559's Cash-to-Debt is ranked better than
61.47% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:000559: 1.06

Wanxiang Qianchao Co Cash-to-Debt Historical Data

The historical data trend for Wanxiang Qianchao 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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Wanxiang Qianchao Co Cash-to-Debt Chart

Wanxiang Qianchao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.25

3.31

2.58

1.22

1.11

Wanxiang Qianchao 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															1.27	0.97	1.00	1.11	1.06

Competitive Comparison of Wanxiang Qianchao Co's Cash-to-Debt

For the Auto Parts subindustry, Wanxiang Qianchao 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.

Wanxiang Qianchao Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Wanxiang Qianchao Co's Cash-to-Debt falls into.

Wanxiang Qianchao 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.

Wanxiang Qianchao 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)
	=	5255.474	/	(4551.009	+	178.91)
	=	1.11

Wanxiang Qianchao 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)
	=	4849.12	/	(3699.839	+	877.681)
	=	1.06

Wanxiang Qianchao Co (SZSE:000559) 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.

Wanxiang Qianchao Co Cash-to-Debt Related Terms

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

Wanxiang Qianchao Co (SZSE:000559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wanxiang Qianchao Co Ltd (SZSE:000559) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanxiang Road, Economic and Technology Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.wxqc.com.cn

Wanxiang Qianchao Co Ltd is a China-based company mainly engaged in the production and distribution of automobile parts. It offers products ranging from parts to components to system integration, production specialization, product serialization, and supply modularity. The products include universal joints, wheel hub units, bearings, car chassis and the suspension system, brake system, transmission system, exhaust system, fuel tank, engineering machinery parts and other automotive system components and assemblies.

Executives

Tang Jiang Ping	Executives
Wei Jun Yong	Director
Qiu Bao Xiang	Supervisors
Lu Guan Qiu	Director
Zhang Shou Guo	Director
Pan Wen Biao	Director
Shen Hua Chuan	Director
Shen Ren Quan	Director

Wanxiang Qianchao Co (SZSE:000559) Headlines

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