Long Young Electronic (Kunshan) Co (SZSE:301389) Cash-to-Debt : 178.18 (As of Mar. 2024)

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What is Long Young Electronic (Kunshan) 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. Long Young Electronic (Kunshan) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 178.18.

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, Long Young Electronic (Kunshan) 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 Long Young Electronic (Kunshan) Co's Cash-to-Debt or its related term are showing as below:

SZSE:301389' s Cash-to-Debt Range Over the Past 10 Years
Min: 20.67 Med: 180.35 Max: No Debt
Current: 178.18

During the past 6 years, Long Young Electronic (Kunshan) Co's highest Cash to Debt Ratio was No Debt. The lowest was 20.67. And the median was 180.35.

SZSE:301389's Cash-to-Debt is ranked better than
93.49% of 2472 companies
in the Hardware industry
Industry Median: 1.36 vs SZSE:301389: 178.18

Long Young Electronic (Kunshan) Co Cash-to-Debt Historical Data

The historical data trend for Long Young Electronic (Kunshan) 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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Long Young Electronic (Kunshan) Co Cash-to-Debt Chart

Long Young Electronic (Kunshan) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

182.52

N/A

20.67

152.86

187.02

Long Young Electronic (Kunshan) Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											209.57	213.96	186.38	187.02	178.18

Competitive Comparison of Long Young Electronic (Kunshan) Co's Cash-to-Debt

For the Electronic Components subindustry, Long Young Electronic (Kunshan) 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.

Long Young Electronic (Kunshan) Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Long Young Electronic (Kunshan) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Long Young Electronic (Kunshan) Co's Cash-to-Debt falls into.

Long Young Electronic (Kunshan) 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.

Long Young Electronic (Kunshan) 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)
	=	1956.921	/	(7.018	+	3.446)
	=	187.01

Long Young Electronic (Kunshan) 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)
	=	1955.334	/	(7.631	+	3.343)
	=	178.18

Long Young Electronic (Kunshan) Co (SZSE:301389) 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.

Long Young Electronic (Kunshan) Co Cash-to-Debt Related Terms

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Long Young Electronic (Kunshan) Co (SZSE:301389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Long Young Electronic (Kunshan) Co Ltd (SZSE:301389) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Shunchang Road, Zhoushi Town, Jiangsu Province, Kunshan, CHN, 215313

Website

https://www.longyoung.com

Long Young Electronic (Kunshan) Co Ltd is engaged in the research and development, production and sales of electromagnetic shielding materials.

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