Zhangjiagang Guangda Special Material Co (SHSE:688186) Cash-to-Debt : 0.11 (As of Jun. 2024)

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What is Zhangjiagang Guangda Special Material 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. Zhangjiagang Guangda Special Material Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.11.

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, Zhangjiagang Guangda Special Material Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Zhangjiagang Guangda Special Material Co's Cash-to-Debt or its related term are showing as below:

SHSE:688186' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.25 Max: 0.76
Current: 0.11

During the past 8 years, Zhangjiagang Guangda Special Material Co's highest Cash to Debt Ratio was 0.76. The lowest was 0.09. And the median was 0.25.

SHSE:688186's Cash-to-Debt is ranked worse than
75.82% of 608 companies
in the Steel industry
Industry Median: 0.42 vs SHSE:688186: 0.11

Zhangjiagang Guangda Special Material Co Cash-to-Debt Historical Data

The historical data trend for Zhangjiagang Guangda Special Material 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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Zhangjiagang Guangda Special Material Co Cash-to-Debt Chart

Zhangjiagang Guangda Special Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.39

0.37

0.13

Zhangjiagang Guangda Special Material Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.11	0.13	0.12	0.11

Competitive Comparison of Zhangjiagang Guangda Special Material Co's Cash-to-Debt

For the Steel subindustry, Zhangjiagang Guangda Special Material 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.

Zhangjiagang Guangda Special Material Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhangjiagang Guangda Special Material Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zhangjiagang Guangda Special Material Co's Cash-to-Debt falls into.

Zhangjiagang Guangda Special Material 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.

Zhangjiagang Guangda Special Material 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)
	=	570.604	/	(951.928	+	3343.551)
	=	0.13

Zhangjiagang Guangda Special Material Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	498.066	/	(1028.994	+	3413.931)
	=	0.11

Zhangjiagang Guangda Special Material Co (SHSE:688186) 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.

Zhangjiagang Guangda Special Material Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zhangjiagang Guangda Special Material Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhangjiagang Guangda Special Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhangjiagang Guangda Special Material Co Ltd (SHSE:688186) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Fenghuang Town, Langanqiao Development Zone, Jiangsu Province, Anqing Village, Zhangjiagang, CHN, 215614

Website

http://www.zjggdtc.com

Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.

Executives

Xu Wei Ming	Director
Gu Jin Cai	senior management
Zhou Qing Chun	Core technical personnel

Zhangjiagang Guangda Special Material Co Headlines

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