Qingdao Gaoce Technology Co (SHSE:688556) Cash-to-Debt : 2.96 (As of Mar. 2024)

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What is Qingdao Gaoce 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. Qingdao Gaoce Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.96.

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

SHSE:688556' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 2.03 Max: 7.35
Current: 2.96

During the past 10 years, Qingdao Gaoce Technology Co's highest Cash to Debt Ratio was 7.35. The lowest was 0.05. And the median was 2.03.

SHSE:688556's Cash-to-Debt is ranked better than
64.7% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs SHSE:688556: 2.96

Qingdao Gaoce Technology Co Cash-to-Debt Historical Data

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

Qingdao Gaoce Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.20

2.40

4.15

2.03

3.73

Qingdao Gaoce Technology 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															1.60	4.88	4.34	3.73	2.96

Competitive Comparison of Qingdao Gaoce Technology Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Qingdao Gaoce 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.

Qingdao Gaoce Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Qingdao Gaoce 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.

Qingdao Gaoce 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)
	=	2363.885	/	(136.405	+	497.759)
	=	3.73

Qingdao Gaoce 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)
	=	1859.482	/	(131.798	+	496.275)
	=	2.96

Qingdao Gaoce Technology Co (SHSE:688556) 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.

Qingdao Gaoce Technology Co Cash-to-Debt Related Terms

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Qingdao Gaoce Technology Co (SHSE:688556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Gaoce Technology Co Ltd (SHSE:688556) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66 Huoju Zhilu, High-tech Industrial Development Zone, Shandong Province, Qingdao, CHN, 266114

Website

http://www.gaoce.cc

Qingdao Gaoce Technology Co Ltd is engaged in the research and development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The products are mainly used on silicon wafer for photovoltaic industry.

Executives

Duan Jing Bo	Core technical personnel
Yu Wen Bo	Supervisors
Wang Mu Ya	Directors, senior managers
Zhang Lu	Core technical personnel
Zhang Xiu Tao	Directors, senior managers
Li Xue Yu	Directors, senior managers
Yu Qun	Core technical personnel
Xing Xu	Core technical personnel
Jiang Shu Ming	Director
Zhang Xu	Director, core technical staff
Chou Jian	Core technical personnel

Qingdao Gaoce Technology Co (SHSE:688556) Headlines

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