Zhongji Innolight Co (SZSE:300308) Cash-to-Debt : 3.12 (As of Mar. 2024)

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What is Zhongji Innolight 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. Zhongji Innolight Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.12.

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, Zhongji Innolight 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 Zhongji Innolight Co's Cash-to-Debt or its related term are showing as below:

SZSE:300308' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 1.7 Max: No Debt
Current: 3.12

During the past 13 years, Zhongji Innolight Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.42. And the median was 1.70.

SZSE:300308's Cash-to-Debt is ranked better than
65.67% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs SZSE:300308: 3.12

Zhongji Innolight Co Cash-to-Debt Historical Data

The historical data trend for Zhongji Innolight 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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Zhongji Innolight Co Cash-to-Debt Chart

Zhongji Innolight Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.33

0.67

1.36

1.95

3.90

Zhongji Innolight 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															2.71	3.61	3.55	3.90	3.12

Competitive Comparison of Zhongji Innolight Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Zhongji Innolight 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.

Zhongji Innolight Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhongji Innolight Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhongji Innolight Co's Cash-to-Debt falls into.

Zhongji Innolight 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.

Zhongji Innolight 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)
	=	3733.317	/	(621.16	+	335.762)
	=	3.90

Zhongji Innolight 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)
	=	4044.082	/	(711.133	+	583.585)
	=	3.12

Zhongji Innolight Co (SZSE:300308) 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.

Zhongji Innolight Co Cash-to-Debt Related Terms

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

Zhongji Innolight Co (SZSE:300308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongji Innolight Co Ltd (SZSE:300308) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhuyouguan Town Industrial Park, Shandong province, Longkou, CHN

Website

http://www.zhongji.cc

Zhongji Innolight Co Ltd is a China-based company engaged in the manufacturing workshop, assembly workshop and debugging workshop. It develops, designs, manufactures and sells motor stator windings manufacturing equipment.

Executives

Wang Wei Xiu	Director
Wang Xiao Dong	Directors, executives
Wang Jun	Secretary Dong
Wang Xiao Li	Executives
Wang Ce Sheng	Executives
Qi Zhi Jie	Supervisors
Liu Ji Ling	Securities Affairs Representative
Liu Sheng	Directors, executives
Wang Jin	Supervisors
Feng Tao	Director

Zhongji Innolight Co (SZSE:300308) Headlines

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