Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Cash-to-Debt : 0.59 (As of Mar. 2024)

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What is Suzhou Electrical Apparatus Science Academy 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 Electrical Apparatus Science Academy Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.59.

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, Suzhou Electrical Apparatus Science Academy 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 Suzhou Electrical Apparatus Science Academy Co's Cash-to-Debt or its related term are showing as below:

SZSE:300215' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.39 Max: 0.59
Current: 0.59

During the past 13 years, Suzhou Electrical Apparatus Science Academy Co's highest Cash to Debt Ratio was 0.59. The lowest was 0.18. And the median was 0.39.

SZSE:300215's Cash-to-Debt is ranked worse than
58.12% of 1041 companies
in the Business Services industry
Industry Median: 0.98 vs SZSE:300215: 0.59

Suzhou Electrical Apparatus Science Academy Co Cash-to-Debt Historical Data

The historical data trend for Suzhou Electrical Apparatus Science Academy 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 Electrical Apparatus Science Academy Co Cash-to-Debt Chart

Suzhou Electrical Apparatus Science Academy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.38

0.47

0.46

0.50

0.55

Suzhou Electrical Apparatus Science Academy 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															0.29	0.37	0.39	0.55	0.59

Competitive Comparison of Suzhou Electrical Apparatus Science Academy Co's Cash-to-Debt

For the Specialty Business Services subindustry, Suzhou Electrical Apparatus Science Academy 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 Electrical Apparatus Science Academy Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Suzhou Electrical Apparatus Science Academy Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Suzhou Electrical Apparatus Science Academy Co's Cash-to-Debt falls into.

Suzhou Electrical Apparatus Science Academy 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 Electrical Apparatus Science Academy 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)
	=	345.222	/	(301.54	+	329.54)
	=	0.55

Suzhou Electrical Apparatus Science Academy 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)
	=	330.899	/	(190.991	+	369.432)
	=	0.59

Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) 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 Electrical Apparatus Science Academy Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Suzhou Electrical Apparatus Science Academy Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Suzhou Electrical Apparatus Science Academy Co Ltd (SZSE:300215) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Yonghe Street, Binhe Road,New Zone, Suzhou, CHN, 215011

Website

http://www.dqjc.com

Suzhou Electrical Apparatus Science Academy Co Ltd is mainly engaged in testing, researching, training of manpower, getting standard information and developing checkout equipment about power generation assembly, electric transmission and transformation equipment, high voltage electrical apparatus, high voltage switchgear assemblies, low voltage electrical apparatus, low voltage switchgear assemblies, machine tool electric appliance, marine electrical apparatus, nuclear power electrical apparatus, automobile electrical and electronic, wind power generation equipment, solar power photovoltaic system, energy saving products, RoHS, EMC, anti-seismic and so on.

Executives

Jiang Wen Bo	Director
Hu De Lin	Directors, executives
Li Wei Ping	Supervisors
Chen Wei	Director

Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Headlines

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