Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) Cash-to-Debt : 0.75 (As of Mar. 2024)

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What is Guangzhou Hi-Target Navigation Tech 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. Guangzhou Hi-Target Navigation Tech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.75.

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, Guangzhou Hi-Target Navigation Tech 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 Guangzhou Hi-Target Navigation Tech Co's Cash-to-Debt or its related term are showing as below:

SZSE:300177' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: 1.6 Max: No Debt
Current: 0.75

During the past 13 years, Guangzhou Hi-Target Navigation Tech Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.75. And the median was 1.60.

SZSE:300177's Cash-to-Debt is ranked worse than
63.54% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs SZSE:300177: 0.75

Guangzhou Hi-Target Navigation Tech Co Cash-to-Debt Historical Data

The historical data trend for Guangzhou Hi-Target Navigation Tech 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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Guangzhou Hi-Target Navigation Tech Co Cash-to-Debt Chart

Guangzhou Hi-Target Navigation Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.65

1.08

1.56

1.15

1.07

Guangzhou Hi-Target Navigation Tech 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															0.89	0.89	0.81	1.07	0.75

Competitive Comparison of Guangzhou Hi-Target Navigation Tech Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Guangzhou Hi-Target Navigation Tech 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.

Guangzhou Hi-Target Navigation Tech Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangzhou Hi-Target Navigation Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangzhou Hi-Target Navigation Tech Co's Cash-to-Debt falls into.

Guangzhou Hi-Target Navigation Tech 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.

Guangzhou Hi-Target Navigation Tech 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)
	=	539.336	/	(483.471	+	21.52)
	=	1.07

Guangzhou Hi-Target Navigation Tech 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)
	=	419.263	/	(534.934	+	22.728)
	=	0.75

Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) 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.

Guangzhou Hi-Target Navigation Tech Co Cash-to-Debt Related Terms

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Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Hi-Target Navigation Tech Co Ltd (SZSE:300177) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 555, North of Panyu Road, Building 13, Tian'An Technology Zone, Panyu District, Guangzhou, CHN, 511400

Website

http://www.zhdgps.com

Guangzhou Hi-Target Navigation Tech Co Ltd is engaged in providing professional high-precision geographic instrument solutions. It offers GPS/GNSS, total stations, GIS mapping products, hydrographic surveying products, UAVs, 3D laser system instruments and BDS high-precision application products, precision agriculture products, precision machine controls and indoor localization solutions.

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