Gree Electric Appliances of Zhuhai (SZSE:000651) Cash-to-Debt : 1.42 (As of Mar. 2024)

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What is Gree Electric Appliances of Zhuhai 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. Gree Electric Appliances of Zhuhai's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.42.

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, Gree Electric Appliances of Zhuhai 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 Gree Electric Appliances of Zhuhai's Cash-to-Debt or its related term are showing as below:

SZSE:000651' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.42 Med: 5.42 Max: 12.68
Current: 1.42

During the past 13 years, Gree Electric Appliances of Zhuhai's highest Cash to Debt Ratio was 12.68. The lowest was 1.42. And the median was 5.42.

SZSE:000651's Cash-to-Debt is ranked better than
59% of 422 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.93 vs SZSE:000651: 1.42

Gree Electric Appliances of Zhuhai Cash-to-Debt Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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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Gree Electric Appliances of Zhuhai Cash-to-Debt Chart

Gree Electric Appliances of Zhuhai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.63

5.95

3.01

1.92

1.54

Gree Electric Appliances of Zhuhai 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															1.75	1.93	2.03	1.54	1.42

Competitive Comparison of Gree Electric Appliances of Zhuhai's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Gree Electric Appliances of Zhuhai'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.

Gree Electric Appliances of Zhuhai's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gree Electric Appliances of Zhuhai's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gree Electric Appliances of Zhuhai's Cash-to-Debt falls into.

Gree Electric Appliances of Zhuhai 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.

Gree Electric Appliances of Zhuhai'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)
	=	133719.411	/	(47048.997	+	39802.75)
	=	1.54

Gree Electric Appliances of Zhuhai'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)
	=	132929.366	/	(53532.326	+	40026.815)
	=	1.42

Gree Electric Appliances of Zhuhai (SZSE:000651) 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.

Gree Electric Appliances of Zhuhai Cash-to-Debt Related Terms

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Gree Electric Appliances of Zhuhai (SZSE:000651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Gree Electric Appliances Inc of Zhuhai (SZSE:000651) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070

Website

http://www.gree.com.cn

Gree Electric Appliances Inc of Zhuhai is an international air conditioning enterprise. The company is engaged in household electrical appliances business including production and sale of air conditioners and its accessories, and small home appliances. It exports and imports goods and technologies; manufacturing and distribution of pumps, valves, compressors, fan motors, packaging equipment and other general-purpose equipment, electric motors, equipment for power transmission and distribution and control equipment.

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