Sungrow Power Supply Co (SZSE:300274) Cash-to-Debt : 2.08 (As of Mar. 2024)

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What is Sungrow Power Supply 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. Sungrow Power Supply Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.08.

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, Sungrow Power Supply 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 Sungrow Power Supply Co's Cash-to-Debt or its related term are showing as below:

SZSE:300274' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: 2.27 Max: 12.2
Current: 2.08

During the past 13 years, Sungrow Power Supply Co's highest Cash to Debt Ratio was 12.20. The lowest was 0.56. And the median was 2.27.

SZSE:300274's Cash-to-Debt is ranked better than
60.54% of 2998 companies
in the Industrial Products industry
Industry Median: 1.18 vs SZSE:300274: 2.08

Sungrow Power Supply Co Cash-to-Debt Historical Data

The historical data trend for Sungrow Power Supply 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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Sungrow Power Supply Co Cash-to-Debt Chart

Sungrow Power Supply Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.77

3.37

2.97

1.93

2.33

Sungrow Power Supply Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															1.64	2.10	1.67	2.33	2.08

Competitive Comparison of Sungrow Power Supply Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Sungrow Power Supply 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.

Sungrow Power Supply Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Sungrow Power Supply Co's Cash-to-Debt falls into.

Sungrow Power Supply 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.

Sungrow Power Supply 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)
	=	20102.667	/	(4135.107	+	4503.528)
	=	2.33

Sungrow Power Supply 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)
	=	20581.838	/	(5018.331	+	4900.309)
	=	2.08

Sungrow Power Supply Co (SZSE:300274) 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.

Sungrow Power Supply Co Cash-to-Debt Related Terms

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Sungrow Power Supply Co (SZSE:300274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungrow Power Supply Co Ltd (SZSE:300274) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No.1699 Xiyou Raod, High-tech Industry Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.sungrowpower.com

China-based Sungrow manufactures and sells power supply equipment for the new energy industry. It offers a wide range of products, including solar inverters, energy storage systems, wind power converters, electric vehicle drives, among others. It is one of the largest suppliers of solar inverters and energy storage systems globally. It is also one of the largest new energy project developers in the world. Solar inverters, energy storage systems, and new energy investment and development each accounted for 39%, 25%, and 29% of revenue in 2022, respectively.

Sungrow Power Supply Co (SZSE:300274) Headlines

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