Hisense Home Appliances Group Co (SZSE:000921) Cash-to-Debt : 6.56 (As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Hisense Home Appliances Group 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. Hisense Home Appliances Group Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.56.

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, Hisense Home Appliances Group 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 Hisense Home Appliances Group Co's Cash-to-Debt or its related term are showing as below:

SZSE:000921' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.48 Med: 8.05 Max: No Debt
Current: 6.56

During the past 13 years, Hisense Home Appliances Group Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.48. And the median was 8.05.

SZSE:000921's Cash-to-Debt is ranked better than
78.59% of 411 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.95 vs SZSE:000921: 6.56

Hisense Home Appliances Group Co Cash-to-Debt Historical Data

The historical data trend for Hisense Home Appliances Group 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.

* Premium members only.

Hisense Home Appliances Group Co Cash-to-Debt Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

49.75

121.73

3.66

6.70

6.31

Hisense Home Appliances Group 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															5.72	4.84	5.51	6.31	6.56

Competitive Comparison of Hisense Home Appliances Group Co's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Hisense Home Appliances Group 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.

Hisense Home Appliances Group Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hisense Home Appliances Group Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hisense Home Appliances Group Co's Cash-to-Debt falls into.

Hisense Home Appliances Group 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.

Hisense Home Appliances Group 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)
	=	18131.299	/	(2623.996	+	251.903)
	=	6.30

Hisense Home Appliances Group 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)
	=	18138.985	/	(2524.971	+	242.327)
	=	6.55

Hisense Home Appliances Group Co (SZSE:000921) 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.

Hisense Home Appliances Group Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hisense Home Appliances Group Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hisense Home Appliances Group Co (SZSE:000921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (SZSE:000921) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HISEF:USA 00921:Hong Kong GKE:Germany

Address

No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.

Executives

Tang Ye Guo	Directors, executives
Fan Wei	Supervisors
Dai Hui Zhong	Director
Jia Shao Qian	Directors, executives
Wang Zhi Gang	Executives
Xiao Jian Lin	Directors, executives
Wang Jiu Cun	Executives

Hisense Home Appliances Group Co (SZSE:000921) Headlines

No Headlines