Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Cash-to-Debt : 0.85 (As of Mar. 2024)

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What is Jiangsu Tongrun Equipment 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. Jiangsu Tongrun Equipment Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.85.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Jiangsu Tongrun Equipment Technology Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Jiangsu Tongrun Equipment Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:002150' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: 32.07 Max: 125.24
Current: 0.85

During the past 13 years, Jiangsu Tongrun Equipment Technology Co's highest Cash to Debt Ratio was 125.24. The lowest was 0.85. And the median was 32.07.

SZSE:002150's Cash-to-Debt is ranked worse than
56.8% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:002150: 0.85

Jiangsu Tongrun Equipment Technology Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu Tongrun Equipment 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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Jiangsu Tongrun Equipment Technology Co Cash-to-Debt Chart

Jiangsu Tongrun Equipment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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81.20

69.32

45.31

44.65

1.00

Jiangsu Tongrun Equipment 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															21.60	2.76	2.53	1.00	0.85

Competitive Comparison of Jiangsu Tongrun Equipment Technology Co's Cash-to-Debt

For the Tools & Accessories subindustry, Jiangsu Tongrun Equipment 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.

Jiangsu Tongrun Equipment Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Jiangsu Tongrun Equipment 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.

Jiangsu Tongrun Equipment 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)
	=	948.662	/	(337.171	+	612.453)
	=	1.00

Jiangsu Tongrun Equipment 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)
	=	892.238	/	(400.589	+	652.548)
	=	0.85

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) 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.

Jiangsu Tongrun Equipment Technology Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jiangsu Tongrun Equipment Technology Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongrun Equipment Technology Co Ltd (SZSE:002150) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tonggang Road, Zhouxing Tonggang Industrial Development Zone, Jiangsu, Changshu, CHN, 215517

Website

http://www.tongrunindustries.com

Jiangsu Tongrun Equipment Technology Co Ltd is engaged in business of sheet metal products and electrical products. The products of the company include metal toolbox cabinets, steel office furniture, precision sheet metal parts, complete set of electrical control cabinets, and high voltage circuit breakers. The company generates majority of revenue from metal tool manufacturing.

Executives

Cai Lan	Directors, executives
Wang Yue Hong	Directors, executives
Liu Zhen Jiang	Directors, executives
Wang Xiang Yuan	Supervisors
Liu Xiao Yu	Securities Affairs Representative
Gao Jin Xiang	Director
Gu Xiong Bin	Director
Shen Hong	Director

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Headlines

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