Hubei Jiuzhiyang Infrared System Co (SZSE:300516) Cash-to-Debt : 341.58 (As of Mar. 2024)

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What is Hubei Jiuzhiyang Infrared System 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. Hubei Jiuzhiyang Infrared System Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 341.58.

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, Hubei Jiuzhiyang Infrared System 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 Hubei Jiuzhiyang Infrared System Co's Cash-to-Debt or its related term are showing as below:

SZSE:300516' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.1 Med: No Debt Max: No Debt
Current: 341.58

During the past 13 years, Hubei Jiuzhiyang Infrared System Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.10. And the median was No Debt.

SZSE:300516's Cash-to-Debt is ranked better than
94.57% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs SZSE:300516: 341.58

Hubei Jiuzhiyang Infrared System Co Cash-to-Debt Historical Data

The historical data trend for Hubei Jiuzhiyang Infrared System 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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Hubei Jiuzhiyang Infrared System Co Cash-to-Debt Chart

Hubei Jiuzhiyang Infrared System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

398.34

Hubei Jiuzhiyang Infrared System 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															No Debt	No Debt	No Debt	398.34	341.58

Competitive Comparison of Hubei Jiuzhiyang Infrared System Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Hubei Jiuzhiyang Infrared System 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.

Hubei Jiuzhiyang Infrared System Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hubei Jiuzhiyang Infrared System Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hubei Jiuzhiyang Infrared System Co's Cash-to-Debt falls into.

Hubei Jiuzhiyang Infrared System 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.

Hubei Jiuzhiyang Infrared System 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)
	=	310.306	/	(0.381	+	0.398)
	=	398.34

Hubei Jiuzhiyang Infrared System 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)
	=	268.82	/	(0.385	+	0.402)
	=	341.58

Hubei Jiuzhiyang Infrared System Co (SZSE:300516) 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.

Hubei Jiuzhiyang Infrared System Co Cash-to-Debt Related Terms

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Hubei Jiuzhiyang Infrared System Co (SZSE:300516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hubei Jiuzhiyang Infrared System Co Ltd (SZSE:300516) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.9 Mingze Road, Miaoshan Development Zone, Jiangxia District, Wuhan, CHN, 430223

Website

http://www.hbjir.com

Hubei Jiuzhiyang Infrared System Co Ltd engages in the research and fabrication of infrared thermal imagers, laser rangefinders in China. The company offers uncooled and cooled infrared imagers; laser range finders; and hand-held and physical thermoscopes. Its products are used in the areas of marine surveillance, law enforcement, security and protection monitoring, forest fire prevention, supervising and rescue for aquatic transportation, search and rescue, industrial detection, inspection, and quarantine, assistant driving.

Executives

Sun Xiu Rong	Director
Zhao Li Hang	Independent director

Hubei Jiuzhiyang Infrared System Co (SZSE:300516) Headlines

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