Haitian International Holdings (HKSE:01882) Cash-to-Debt : 3.98 (As of Dec. 2023)

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What is Haitian International Holdings 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. Haitian International Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.98.

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, Haitian International Holdings 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 Haitian International Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01882' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.03 Med: 4.21 Max: 7.25
Current: 3.98

During the past 13 years, Haitian International Holdings's highest Cash to Debt Ratio was 7.25. The lowest was 3.03. And the median was 4.21.

HKSE:01882's Cash-to-Debt is ranked better than
69.02% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs HKSE:01882: 3.98

Haitian International Holdings Cash-to-Debt Historical Data

The historical data trend for Haitian International Holdings'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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Haitian International Holdings Cash-to-Debt Chart

Haitian International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.25

6.53

4.84

6.82

3.98

Haitian International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															4.84	4.67	6.82	3.75	3.98

Competitive Comparison of Haitian International Holdings's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Haitian International Holdings'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.

Haitian International Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haitian International Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Haitian International Holdings's Cash-to-Debt falls into.

Haitian International Holdings 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.

Haitian International Holdings'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)
	=	11974.233	/	(269.155	+	2737.21)
	=	3.98

Haitian International Holdings'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)
	=	11974.233	/	(269.155	+	2737.21)
	=	3.98

Haitian International Holdings (HKSE:01882) 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.

Haitian International Holdings Cash-to-Debt Related Terms

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Haitian International Holdings (HKSE:01882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haitian International Holdings Ltd (HKSE:01882) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HI6:Germany

Address

No.1688 Haitian Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315800

Website

https://www.haitianinter.com

Haitian International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of plastic injection moulding machines and related products. The main products are hydraulic and electric plastic injection moulding machines. The group operates in Mainland China, Hong Kong, and overseas countries. The company generates a majority of its revenue from Mainland China through sales of plastic injection moulding machines and related products.

Haitian International Holdings (HKSE:01882) Headlines

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