Suzhou Huaya Intelligent Technology Co (SZSE:003043) Cash-to-Debt : 2.73 (As of Mar. 2024)

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What is Suzhou Huaya Intelligent 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. Suzhou Huaya Intelligent Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.73.

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

SZSE:003043' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 4.22 Max: No Debt
Current: 2.73

During the past 9 years, Suzhou Huaya Intelligent Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.24. And the median was 4.22.

SZSE:003043's Cash-to-Debt is ranked better than
63.94% of 2976 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:003043: 2.73

Suzhou Huaya Intelligent Technology Co Cash-to-Debt Historical Data

The historical data trend for Suzhou Huaya Intelligent 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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Suzhou Huaya Intelligent Technology Co Cash-to-Debt Chart

Suzhou Huaya Intelligent Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

11.14

No Debt

109.44

4.09

2.88

Suzhou Huaya Intelligent Technology Co Quarterly Data
	Jun18	Dec18	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															3.65	3.22	3.10	2.88	2.73

Competitive Comparison of Suzhou Huaya Intelligent Technology Co's Cash-to-Debt

For the Metal Fabrication subindustry, Suzhou Huaya Intelligent 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.

Suzhou Huaya Intelligent Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Suzhou Huaya Intelligent 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.

Suzhou Huaya Intelligent 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)
	=	785.797	/	(5.515	+	267.321)
	=	2.88

Suzhou Huaya Intelligent 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)
	=	753.78	/	(5.453	+	270.687)
	=	2.73

Suzhou Huaya Intelligent Technology Co (SZSE:003043) 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.

Suzhou Huaya Intelligent Technology Co Cash-to-Debt Related Terms

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Suzhou Huaya Intelligent Technology Co (SZSE:003043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Huaya Intelligent Technology Co Ltd (SZSE:003043) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 58, Chunxing Road, Caohu Industrial Park, Xiangcheng Economic Development Zone, Jiangsu Province, Suzhou, CHN, 215413

Website

https://www.huaya.net.cn

Suzhou Huaya Intelligent Technology Co Ltd is engaged in the design of various types of precision metal parts products according to order requirements, using precision sheet metal, machining, precision welding and surface treatment to provide customers with customized one-stop industrial-grade precision metal manufacturing services.

Executives

Han Xu Peng

Supervisors

Suzhou Huaya Intelligent Technology Co (SZSE:003043) Headlines

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