Hamaton Automotive Technology Co (SZSE:300643) Cash-to-Debt : 6.61 (As of Mar. 2024)

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What is Hamaton Automotive Technology 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. Hamaton Automotive Technology Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.61.

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, Hamaton Automotive Technology 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 Hamaton Automotive Technology Co's Cash-to-Debt or its related term are showing as below:

SZSE:300643' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 3.31 Max: No Debt
Current: 6.61

During the past 12 years, Hamaton Automotive Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.28. And the median was 3.31.

SZSE:300643's Cash-to-Debt is ranked better than
84.15% of 1243 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:300643: 6.61

Hamaton Automotive Technology Co Cash-to-Debt Historical Data

The historical data trend for Hamaton Automotive Technology 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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Hamaton Automotive Technology Co Cash-to-Debt Chart

Hamaton Automotive Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.42

0.37

1.85

3.48

4.51

Hamaton Automotive Technology 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															3.31	3.13	4.12	4.51	6.61

Competitive Comparison of Hamaton Automotive Technology Co's Cash-to-Debt

For the Auto Manufacturers subindustry, Hamaton Automotive Technology 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.

Hamaton Automotive Technology Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hamaton Automotive Technology Co's Cash-to-Debt distribution charts can be found below:

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

Hamaton Automotive Technology 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.

Hamaton Automotive Technology 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)
	=	310.809	/	(39.248	+	29.683)
	=	4.51

Hamaton Automotive Technology 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)
	=	333.981	/	(34.594	+	15.903)
	=	6.61

Hamaton Automotive Technology Co (SZSE:300643) 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.

Hamaton Automotive Technology Co Cash-to-Debt Related Terms

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Hamaton Automotive Technology Co (SZSE:300643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hamaton Automotive Technology Co Ltd (SZSE:300643) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12th Zhenxing East Road, Hangzhou Yuhang Economic and Technological Development Zone, Yuhang District, Zhejiang Provinc, Hangzhou, CHN, 311199

Website

http://www.hamaton.com

Hamaton Automotive Technology Co Ltd manufactures and supplies various products to automotive industry. The company is engaged in the development, production and sales of tire valves, tire pressure monitoring systems (TPMS) and related tools and accessories. Its products are mainly sold to Europe, North America, Australia and other regions.

Executives

Xu Jian Feng	Supervisors
Hu Fen Hua	Executives
Yang Fu Jin	Director

Hamaton Automotive Technology Co (SZSE:300643) Headlines

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