Greatoo Intelligent Equipment (SZSE:002031) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is Greatoo Intelligent Equipment 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. Greatoo Intelligent Equipment's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Greatoo Intelligent Equipment couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Greatoo Intelligent Equipment's Cash-to-Debt or its related term are showing as below:

SZSE:002031' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.22 Max: 2.24
Current: 0.1

During the past 13 years, Greatoo Intelligent Equipment's highest Cash to Debt Ratio was 2.24. The lowest was 0.05. And the median was 0.22.

SZSE:002031's Cash-to-Debt is ranked worse than
84.86% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:002031: 0.10

Greatoo Intelligent Equipment Cash-to-Debt Historical Data

The historical data trend for Greatoo Intelligent Equipment'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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Greatoo Intelligent Equipment Cash-to-Debt Chart

Greatoo Intelligent Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.16

0.10

0.16

0.32

Greatoo Intelligent Equipment 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															0.21	0.08	0.12	0.32	0.10

Competitive Comparison of Greatoo Intelligent Equipment's Cash-to-Debt

For the Auto Parts subindustry, Greatoo Intelligent Equipment'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.

Greatoo Intelligent Equipment's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Greatoo Intelligent Equipment's Cash-to-Debt falls into.

Greatoo Intelligent Equipment 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.

Greatoo Intelligent Equipment'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)
	=	387.951	/	(821.765	+	399.5)
	=	0.32

Greatoo Intelligent Equipment'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)
	=	123.638	/	(889.83	+	365.975)
	=	0.10

Greatoo Intelligent Equipment (SZSE:002031) 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.

Greatoo Intelligent Equipment Cash-to-Debt Related Terms

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

Greatoo Intelligent Equipment (SZSE:002031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Greatoo Intelligent Equipment Inc (SZSE:002031) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiedong Economic Development Zone, Jiedong, Guangdong, CHN, 515500

Website

http://www.greatoo.com

Greatoo Intelligent Equipment Inc primarily researches, invents and produces radial tire molds. It develops tire molds, hydraulic curing presses, precision machine tools and industrial robots, with main products like radial segmented molds and two-piece mold, giant industrial segmented tire molds, hydraulic curing presses of various types, light and heavy industrial robots and precision machine tools. Geographically, the company's products are sold in many countries and religions such as America, Europe, Southeast Asia and South America.

Executives

Lin Rui Bo	Directors, executives
Wu Chao Zhong	Director
Li Li Xuan	Director
Zheng Xu Xu	Directors, executives
Wu Hao	Directors, Directors, and Executives
Wu Ying Xiong	Executives
Xu Guang Ju	Executives
Chen Qing Xiang	Executives
Zhang Jin Fang	Executives
Ceng Xu Zhao	Executives
Zhang Shi Qin	Executives
Yang Chuan Kai	Directors, Directors, and Executives
Chen Xiao Fen	Executives
Hong Hui Ping	Director
Chen Zhi Yong	Executives

Greatoo Intelligent Equipment (SZSE:002031) Headlines

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