Chung-Hsin Electric & Machinery Mfg (TPE:1513) Cash-to-Debt : 0.23 (As of Mar. 2024)

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What is Chung-Hsin Electric & Machinery Mfg 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. Chung-Hsin Electric & Machinery Mfg's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.23.

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, Chung-Hsin Electric & Machinery Mfg 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 Chung-Hsin Electric & Machinery Mfg's Cash-to-Debt or its related term are showing as below:

TPE:1513' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.24 Max: 0.98
Current: 0.23

During the past 13 years, Chung-Hsin Electric & Machinery Mfg's highest Cash to Debt Ratio was 0.98. The lowest was 0.09. And the median was 0.24.

TPE:1513's Cash-to-Debt is ranked worse than
82.68% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs TPE:1513: 0.23

Chung-Hsin Electric & Machinery Mfg Cash-to-Debt Historical Data

The historical data trend for Chung-Hsin Electric & Machinery Mfg'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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Chung-Hsin Electric & Machinery Mfg Cash-to-Debt Chart

Chung-Hsin Electric & Machinery Mfg Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.14

0.18

0.26

Chung-Hsin Electric & Machinery Mfg 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															0.14	0.16	0.24	0.26	0.23

Competitive Comparison of Chung-Hsin Electric & Machinery Mfg's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Chung-Hsin Electric & Machinery Mfg'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.

Chung-Hsin Electric & Machinery Mfg's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chung-Hsin Electric & Machinery Mfg's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chung-Hsin Electric & Machinery Mfg's Cash-to-Debt falls into.

Chung-Hsin Electric & Machinery Mfg 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.

Chung-Hsin Electric & Machinery Mfg'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)
	=	3781.538	/	(2604.884	+	11981.694)
	=	0.26

Chung-Hsin Electric & Machinery Mfg'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)
	=	3407.931	/	(3161.953	+	11565.831)
	=	0.23

Chung-Hsin Electric & Machinery Mfg (TPE:1513) 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.

Chung-Hsin Electric & Machinery Mfg Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Chung-Hsin Electric & Machinery Mfg's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Chung-Hsin Electric & Machinery Mfg (TPE:1513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chung-Hsin Electric & Machinery Mfg Corp (TPE:1513) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Wen-Te Road, Lo Shan Tsun, Guishan District, Taoyuan, TWN, 33383

Website

https://www.chem.com.tw

Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and other. The company generates maximum revenue from the Electricity Power segment.

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