Ningbo Orient Wires & Cables Co (SHSE:603606) Cash-to-Debt : 2.20 (As of Mar. 2024)

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What is Ningbo Orient Wires & Cables 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. Ningbo Orient Wires & Cables Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.20.

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, Ningbo Orient Wires & Cables 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 Ningbo Orient Wires & Cables Co's Cash-to-Debt or its related term are showing as below:

SHSE:603606' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 1.04 Max: 10.5
Current: 2.2

During the past 13 years, Ningbo Orient Wires & Cables Co's highest Cash to Debt Ratio was 10.50. The lowest was 0.23. And the median was 1.04.

SHSE:603606's Cash-to-Debt is ranked better than
61.21% of 3006 companies
in the Industrial Products industry
Industry Median: 1.19 vs SHSE:603606: 2.20

Ningbo Orient Wires & Cables Co Cash-to-Debt Historical Data

The historical data trend for Ningbo Orient Wires & Cables 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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Ningbo Orient Wires & Cables Co Cash-to-Debt Chart

Ningbo Orient Wires & Cables Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.17

1.79

3.02

2.00

2.69

Ningbo Orient Wires & Cables 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															1.59	1.56	1.34	2.69	2.20

Competitive Comparison of Ningbo Orient Wires & Cables Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Ningbo Orient Wires & Cables 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.

Ningbo Orient Wires & Cables Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Orient Wires & Cables Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ningbo Orient Wires & Cables Co's Cash-to-Debt falls into.

Ningbo Orient Wires & Cables 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.

Ningbo Orient Wires & Cables 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)
	=	2227.714	/	(467.105	+	360.469)
	=	2.69

Ningbo Orient Wires & Cables 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)
	=	2418.578	/	(468.548	+	629.365)
	=	2.20

Ningbo Orient Wires & Cables Co (SHSE:603606) 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.

Ningbo Orient Wires & Cables Co Cash-to-Debt Related Terms

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Ningbo Orient Wires & Cables Co (SHSE:603606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Orient Wires & Cables Co Ltd (SHSE:603606) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

968 East JiangNan Road, Beilun District, Zhejiang, Ningbo, CHN

Website

http://www.orient-cables.com

Ningbo Orient Wires & Cables Co Ltd is a China-based fiber optic cable manufacturing company. The company is a provider in design, manufacture, install, and service of land cables and subsea cables. Its products are mainly used by the energy companies and subsea service providers. Its subsea cables products include AC subsea power cables, DC subsea power cables, Subsea Equipment Umbilical, Subsea dynamic cables used in a submarine. Its power cable offerings include D.C Power Cable, LV Power Cable(1kV), MV Power Cable(6-35kV), HV Power Cable(110kV), among others.

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