Truking Technology (SZSE:300358) Cash-to-Debt : 0.59 (As of Mar. 2024)

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What is Truking Technology 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. Truking Technology'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, Truking Technology 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 Truking Technology's Cash-to-Debt or its related term are showing as below:

SZSE:300358' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 1.27 Max: 12.48
Current: 0.59

During the past 13 years, Truking Technology's highest Cash to Debt Ratio was 12.48. The lowest was 0.34. And the median was 1.27.

SZSE:300358's Cash-to-Debt is ranked worse than
70.83% of 840 companies
in the Medical Devices & Instruments industry
Industry Median: 1.97 vs SZSE:300358: 0.59

Truking Technology Cash-to-Debt Historical Data

The historical data trend for Truking Technology'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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Truking Technology Cash-to-Debt Chart

Truking Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.69

0.89

5.21

2.30

1.08

Truking Technology 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															1.13	1.11	1.00	1.08	0.59

Competitive Comparison of Truking Technology's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Truking Technology'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.

Truking Technology's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Truking Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Truking Technology's Cash-to-Debt falls into.

Truking Technology 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.

Truking Technology'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)
	=	766.547	/	(653.441	+	58.144)
	=	1.08

Truking Technology'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)
	=	1002.535	/	(782.163	+	907.854)
	=	0.59

Truking Technology (SZSE:300358) 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.

Truking Technology Cash-to-Debt Related Terms

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

Truking Technology (SZSE:300358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Truking Technology Ltd (SZSE:300358) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Xinkang Road, Ningxiang, Yutan Town, Hunan Province, Changsha, CHN, 410600

Website

http://www.truking.com

Truking Technology Ltd operates in the pharmaceutical and medical equipment industry. It develops, designs, manufactures, sells and provides services for aqueous pharmaceutical equipment. The company offers solutions for Fluid Processing System, Ampoule Injectable Products Production, Vial Injectable Products Production, Plastic Bottle Blow-Fill-Seal Production, Cartridge Production, and others. It sells its products in China, and also exports it to the other countries.

Executives

Ceng Fan Yun	Directors, executives
Yang Wen Lu	Director
Tang Yue	Director
Zhou Fei Yue	Directors, Directors, and Executives
Zheng Qi Ping	Executives
Ceng He Qing	Executives
Qiu Yong Mou	Supervisors
Li Gang	Executives
Zhou Jing Ying	Executives
Liu Gui Lin	Supervisors

Truking Technology (SZSE:300358) Headlines

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