Hanwei Electronics Group (SZSE:300007) Cash-to-Debt : 1.05 (As of Mar. 2024)

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What is Hanwei Electronics Group 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. Hanwei Electronics Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.05.

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, Hanwei Electronics Group 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 Hanwei Electronics Group's Cash-to-Debt or its related term are showing as below:

SZSE:300007' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 1.09 Max: 2.16
Current: 1.05

During the past 13 years, Hanwei Electronics Group's highest Cash to Debt Ratio was 2.16. The lowest was 0.46. And the median was 1.09.

SZSE:300007's Cash-to-Debt is ranked worse than
55.73% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:300007: 1.05

Hanwei Electronics Group Cash-to-Debt Historical Data

The historical data trend for Hanwei Electronics Group'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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Hanwei Electronics Group Cash-to-Debt Chart

Hanwei Electronics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.19

1.31

2.06

1.54

1.36

Hanwei Electronics Group 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															1.63	1.42	1.41	1.36	1.05

Competitive Comparison of Hanwei Electronics Group's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Hanwei Electronics Group'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.

Hanwei Electronics Group's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where Hanwei Electronics Group's Cash-to-Debt falls into.

Hanwei Electronics Group 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.

Hanwei Electronics Group'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)
	=	1292.95	/	(614.422	+	336.124)
	=	1.36

Hanwei Electronics Group'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)
	=	1061.655	/	(631.249	+	381.577)
	=	1.05

Hanwei Electronics Group (SZSE:300007) 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.

Hanwei Electronics Group Cash-to-Debt Related Terms

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Hanwei Electronics Group (SZSE:300007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hanwei Electronics Group Corporation (SZSE:300007) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 169 Xuesong Road, National High-Tech zone, Zhengzhou, CHN, 450001

Website

http://www.hwsensor.com

Hanwei Electronics Group Corporation is engaged in the manufacturing of gas sensors and instruments in China. The product offered by the company includes Gas Alarm, Portable Gas Detector, Fixed Gas Detector, Alcohol Tester, Smoke alarm and others. The products are widely used in petroleum, chemical, metallurgy, environmental protection, mining, electronics, food, medical health, agriculture, gas, municipal engineering, home security and health, public areas, traffic safety management, sewage treatment, biological sciences, aerospace, military, anti-terrorism and other fields. Geographically the activities are carried out through China.

Executives

Yang Chang Zai	Director
Zhou Zhen	Supervisors
Li Zhi Gang	Directors, executives
Ren Hong Jun	Director
Shang Zhong Feng	Directors, executives
Liu Rui Ling	Directors, executives
Zhang Yan Li	Supervisors
Zhang Xiao Jun	Directors, executives
Li Hang	Securities Affairs Representative
Shang Jian Hong	Executives
Zhang Xiao Shui	Directors, executives
Xiao Feng	Directors, executives, securities affairs represen
Jiao Gui Dong	Directors, executives
Zhong Chao	Director
Jiang Hui Chang	Director

Hanwei Electronics Group (SZSE:300007) Headlines

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