Xinlei Compressor Co (SZSE:301317) Cash-to-Debt : 13.38 (As of Mar. 2024)

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What is Xinlei Compressor 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. Xinlei Compressor Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 13.38.

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

SZSE:301317' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.63 Med: No Debt Max: No Debt
Current: 13.38

During the past 6 years, Xinlei Compressor Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.63. And the median was No Debt.

SZSE:301317's Cash-to-Debt is ranked better than
79.29% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:301317: 13.38

Xinlei Compressor Co Cash-to-Debt Historical Data

The historical data trend for Xinlei Compressor 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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Xinlei Compressor Co Cash-to-Debt Chart

Xinlei Compressor Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.63

N/A

No Debt

165.79

Xinlei Compressor Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	No Debt	No Debt	165.79	13.38

Competitive Comparison of Xinlei Compressor Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Xinlei Compressor 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.

Xinlei Compressor Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Xinlei Compressor 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.

Xinlei Compressor 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)
	=	844.02	/	(2.387	+	2.704)
	=	165.79

Xinlei Compressor 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)
	=	512.583	/	(36.087	+	2.238)
	=	13.37

Xinlei Compressor Co (SZSE:301317) 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.

Xinlei Compressor Co Cash-to-Debt Related Terms

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Xinlei Compressor Co (SZSE:301317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinlei Compressor Co Ltd (SZSE:301317) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chengxi Industrial Park, Wenling City, Zhejiang Province, Taizhou, CHN, 317500

Website

https://www.xinlei.com

Xinlei Compressor Co Ltd is an air compressor manufacturer specializing in research and development, manufacturing, sales and service of air compressors.

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