Qingdao Richmat Intelligence Technology (SZSE:301320) Cash-to-Debt : 36.43 (As of Mar. 2024)

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What is Qingdao Richmat Intelligence 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. Qingdao Richmat Intelligence Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 36.43.

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, Qingdao Richmat Intelligence Technology 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 Qingdao Richmat Intelligence Technology's Cash-to-Debt or its related term are showing as below:

SZSE:301320' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.01 Med: 14.81 Max: No Debt
Current: 36.43

During the past 6 years, Qingdao Richmat Intelligence Technology's highest Cash to Debt Ratio was No Debt. The lowest was 4.01. And the median was 14.81.

SZSE:301320's Cash-to-Debt is ranked better than
85.48% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs SZSE:301320: 36.43

Qingdao Richmat Intelligence Technology Cash-to-Debt Historical Data

The historical data trend for Qingdao Richmat Intelligence 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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Qingdao Richmat Intelligence Technology Cash-to-Debt Chart

Qingdao Richmat Intelligence Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

14.09

N/A

4.27

27.77

Qingdao Richmat Intelligence Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										4.01	14.81	34.64	27.77	36.43

Competitive Comparison of Qingdao Richmat Intelligence Technology's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Qingdao Richmat Intelligence 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.

Qingdao Richmat Intelligence Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Richmat Intelligence Technology's Cash-to-Debt distribution charts can be found below:

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

Qingdao Richmat Intelligence 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.

Qingdao Richmat Intelligence 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)
	=	691.453	/	(12.014	+	12.89)
	=	27.76

Qingdao Richmat Intelligence 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)
	=	631.906	/	(1.423	+	15.924)
	=	36.43

Qingdao Richmat Intelligence Technology (SZSE:301320) 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.

Qingdao Richmat Intelligence Technology Cash-to-Debt Related Terms

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Qingdao Richmat Intelligence Technology (SZSE:301320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Richmat Intelligence Technology Inc (SZSE:301320) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78, Kongquehe 4th Road, Qingdao Garment Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

https://www.richmat.com.cn

Qingdao Richmat Intelligence Technology Inc is engaged in Research and development, production and sales of intelligent linear drive system products. its products include: Linear actuator Dual actuator, Lifting column, Control box, Handset, and Massage motor.

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