Hit Welding Industry Co (SZSE:301137) Cash-to-Debt : 1.92 (As of Mar. 2024)

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What is Hit Welding Industry 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. Hit Welding Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.92.

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, Hit Welding Industry 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 Hit Welding Industry Co's Cash-to-Debt or its related term are showing as below:

SZSE:301137' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 1.97 Max: 3.29
Current: 1.92

During the past 7 years, Hit Welding Industry Co's highest Cash to Debt Ratio was 3.29. The lowest was 0.34. And the median was 1.97.

SZSE:301137's Cash-to-Debt is ranked better than
58.72% of 2900 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:301137: 1.92

Hit Welding Industry Co Cash-to-Debt Historical Data

The historical data trend for Hit Welding Industry 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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Hit Welding Industry Co Cash-to-Debt Chart

Hit Welding Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.40

1.17

0.49

2.67

2.14

Hit Welding Industry Co Quarterly Data
	Dec17	Dec18	Dec19	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														3.29	1.28	2.12	2.14	1.92

Competitive Comparison of Hit Welding Industry Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Hit Welding Industry 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.

Hit Welding Industry Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hit Welding Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hit Welding Industry Co's Cash-to-Debt falls into.

Hit Welding Industry 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.

Hit Welding Industry 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)
	=	540.492	/	(250.266	+	2.923)
	=	2.13

Hit Welding Industry 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)
	=	523.967	/	(270.419	+	2.843)
	=	1.92

Hit Welding Industry Co (SZSE:301137) 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.

Hit Welding Industry Co Cash-to-Debt Related Terms

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

Hit Welding Industry Co (SZSE:301137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102

Website

http://www.htw.cn

Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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