CIMC Vehicles (Group) Co (SZSE:301039) Cash-to-Debt : 3.75 (As of Dec. 2023)

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What is CIMC Vehicles (Group) 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. CIMC Vehicles (Group) Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.75.

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, CIMC Vehicles (Group) Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for CIMC Vehicles (Group) Co's Cash-to-Debt or its related term are showing as below:

SZSE:301039' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 2.04 Max: 3.75
Current: 3.75

During the past 8 years, CIMC Vehicles (Group) Co's highest Cash to Debt Ratio was 3.75. The lowest was 0.82. And the median was 2.04.

SZSE:301039's Cash-to-Debt is ranked better than
80.19% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.59 vs SZSE:301039: 3.75

CIMC Vehicles (Group) Co Cash-to-Debt Historical Data

The historical data trend for CIMC Vehicles (Group) 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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CIMC Vehicles (Group) Co Cash-to-Debt Chart

CIMC Vehicles (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.85

2.09

1.98

2.63

3.75

CIMC Vehicles (Group) Co Quarterly Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												2.63	3.39	3.50	3.75	N/A

Competitive Comparison of CIMC Vehicles (Group) Co's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, CIMC Vehicles (Group) 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.

CIMC Vehicles (Group) Co's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CIMC Vehicles (Group) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CIMC Vehicles (Group) Co's Cash-to-Debt falls into.

CIMC Vehicles (Group) 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.

CIMC Vehicles (Group) 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)
	=	6010.494	/	(1148.142	+	455.445)
	=	3.75

CIMC Vehicles (Group) Co's Cash to Debt Ratio for the quarter 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)
	=	6010.494	/	(1148.142	+	455.445)
	=	3.75

CIMC Vehicles (Group) Co (SZSE:301039) 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.

CIMC Vehicles (Group) Co Cash-to-Debt Related Terms

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

CIMC Vehicles (Group) Co (SZSE:301039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CIMC Vehicles (Group) Co Ltd (SZSE:301039) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

01839:Hong Kong

Address

No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimcvehiclesgroup.com

CIMC Vehicles (Group) Co Ltd is engaged in the manufacturing and sale of semi-trailers and truck bodies for specialty vehicles. The semi-trailers mainly include the following product lines, Container chassis trailers, Flatbed trailers & relevant derivative types, Curtain-side trailers, Van trailers, Refrigerated trailers, Tank trailers, and other special types of trailers. The truck body products include dump beds for dump trucks, mixers for mixer trucks, and a wide range of other truck bodies for specialty vehicles. Geographically, it operates in China, North America, Europe, and Other regions, out of which the majority is from China.

CIMC Vehicles (Group) Co (SZSE:301039) Headlines

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