Smartgiant Technology Co (SHSE:688115) Cash-to-Debt : 50.28 (As of Mar. 2024)

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What is Smartgiant Technology 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. Smartgiant Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 50.28.

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, Smartgiant Technology 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 Smartgiant Technology Co's Cash-to-Debt or its related term are showing as below:

SHSE:688115' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.84 Med: 10.77 Max: 62496
Current: 50.28

During the past 6 years, Smartgiant Technology Co's highest Cash to Debt Ratio was 62496.00. The lowest was 2.84. And the median was 10.77.

SHSE:688115's Cash-to-Debt is ranked better than
88.76% of 2376 companies
in the Hardware industry
Industry Median: 1.335 vs SHSE:688115: 50.28

Smartgiant Technology Co Cash-to-Debt Historical Data

The historical data trend for Smartgiant Technology 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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Smartgiant Technology Co Cash-to-Debt Chart

Smartgiant Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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62,496.00

6.80

10.77

36.96

7.26

Smartgiant Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												7.67	7.48	7.37	7.26	50.28

Competitive Comparison of Smartgiant Technology Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Smartgiant Technology 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.

Smartgiant Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Smartgiant Technology Co's Cash-to-Debt distribution charts can be found below:

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

Smartgiant Technology 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.

Smartgiant Technology 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)
	=	979.035	/	(130.469	+	4.359)
	=	7.26

Smartgiant Technology 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)
	=	941.77	/	(15.751	+	2.979)
	=	50.28

Smartgiant Technology Co (SHSE:688115) 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.

Smartgiant Technology Co Cash-to-Debt Related Terms

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Smartgiant Technology Co (SHSE:688115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smartgiant Technology Co Ltd (SHSE:688115) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1003, Yayun Avenue, Room 101, 201, 301, 401, 501, Bu, Shiqi Town, Panyu District, Guangdong Province, Guangzhou, CHN, 511450

Website

https://www.smartgiant.com

Smartgiant Technology Co Ltd is engaged in the research and development, design, production and sales of industrial automation testing products such as embedded intelligent instrument modules.

Executives

Qiu Yong Kui

senior management

Smartgiant Technology Co (SHSE:688115) Headlines

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