Zhejiang Taotao Vehicles Co (SZSE:301345) Cash-to-Debt : 4.49 (As of Mar. 2024)

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What is Zhejiang Taotao Vehicles 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. Zhejiang Taotao Vehicles Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.49.

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, Zhejiang Taotao Vehicles 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 Zhejiang Taotao Vehicles Co's Cash-to-Debt or its related term are showing as below:

SZSE:301345' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 1.63 Max: 6.51
Current: 4.49

During the past 7 years, Zhejiang Taotao Vehicles Co's highest Cash to Debt Ratio was 6.51. The lowest was 0.43. And the median was 1.63.

SZSE:301345's Cash-to-Debt is ranked better than
80.89% of 1240 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs SZSE:301345: 4.49

Zhejiang Taotao Vehicles Co Cash-to-Debt Historical Data

The historical data trend for Zhejiang Taotao Vehicles 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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Zhejiang Taotao Vehicles Co Cash-to-Debt Chart

Zhejiang Taotao Vehicles Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.19

1.39

0.77

0.57

6.48

Zhejiang Taotao Vehicles Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											6.51	5.66	4.23	6.48	4.49

Competitive Comparison of Zhejiang Taotao Vehicles Co's Cash-to-Debt

For the Auto Manufacturers subindustry, Zhejiang Taotao Vehicles 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.

Zhejiang Taotao Vehicles Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Zhejiang Taotao Vehicles Co's Cash-to-Debt falls into.

Zhejiang Taotao Vehicles 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.

Zhejiang Taotao Vehicles 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)
	=	1937.507	/	(251.583	+	47.569)
	=	6.48

Zhejiang Taotao Vehicles 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)
	=	2352.202	/	(471.751	+	51.663)
	=	4.49

Zhejiang Taotao Vehicles Co (SZSE:301345) 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.

Zhejiang Taotao Vehicles Co Cash-to-Debt Related Terms

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Zhejiang Taotao Vehicles Co (SZSE:301345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Taotao Vehicles Co Ltd (SZSE:301345) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Xinyuan Road, Xinbi Street, Jinyun County, Zhejiang Province, Lishui, CHN, 321403

Website

http://www.taotaoatv.com

Zhejiang Taotao Vehicles Co Ltd is engaged in the research and development, production and sales of automobiles, electric vehicles and their accessories and supplies for outdoor leisure and entertainment with the function of short-distance transportation.

Zhejiang Taotao Vehicles Co (SZSE:301345) Headlines

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