Goneo Group Co (SHSE:603195) Cash-to-Debt : 13.34 (As of Sep. 2023)

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What is Goneo 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. Goneo Group Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 13.34.

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, Goneo Group Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

SHSE:603195' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 9.65 Max: No Debt
Current: 13.34

During the past 8 years, Goneo Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.33. And the median was 9.65.

SHSE:603195's Cash-to-Debt is ranked better than
79.07% of 3000 companies
in the Industrial Products industry
Industry Median: 1.205 vs SHSE:603195: 13.34

Goneo Group Co Cash-to-Debt Historical Data

The historical data trend for Goneo 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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Goneo Group Co Cash-to-Debt Chart

Goneo Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

9.70

8.74

13.46

Goneo Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															9.65	13.46	14.58	11.64	13.34

Competitive Comparison of Goneo Group Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Goneo 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.

Goneo Group Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Goneo 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.

Goneo Group Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	11560.966	/	(854.173	+	4.545)
	=	13.46

Goneo Group Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	13784.148	/	(1028.91	+	4.432)
	=	13.34

Goneo Group Co (SHSE:603195) 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.

Goneo Group Co Cash-to-Debt Related Terms

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Goneo Group Co (SHSE:603195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goneo Group Co Ltd (SHSE:603195) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 32 Sanhai Road, East Guanhaiwei Industrial Zone, Guanhaiwei Town, Zhejiang Province, Cixi, CHN, 315314

Website

http://www.gongniu.cn

Gongniu Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.

Goneo Group Co (SHSE:603195) Headlines

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