Guangdong Dowstone Technology co (SZSE:300409) Cash-to-Debt : 0.59 (As of Jun. 2024)

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What is Guangdong Dowstone Technology 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. Guangdong Dowstone Technology co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.59.

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, Guangdong Dowstone Technology 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 Guangdong Dowstone Technology co's Cash-to-Debt or its related term are showing as below:

SZSE:300409' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.63 Max: 4.58
Current: 0.59

During the past 13 years, Guangdong Dowstone Technology co's highest Cash to Debt Ratio was 4.58. The lowest was 0.22. And the median was 0.63.

SZSE:300409's Cash-to-Debt is ranked worse than
53.57% of 1540 companies
in the Chemicals industry
Industry Median: 0.715 vs SZSE:300409: 0.59

Guangdong Dowstone Technology co Cash-to-Debt Historical Data

The historical data trend for Guangdong Dowstone Technology 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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Guangdong Dowstone Technology co Cash-to-Debt Chart

Guangdong Dowstone Technology co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.30

0.56

0.45

0.71

Guangdong Dowstone Technology 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															0.80	0.79	0.71	0.67	0.59

Competitive Comparison of Guangdong Dowstone Technology co's Cash-to-Debt

For the Specialty Chemicals subindustry, Guangdong Dowstone Technology 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.

Guangdong Dowstone Technology co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Dowstone Technology co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong Dowstone Technology co's Cash-to-Debt falls into.

Guangdong Dowstone Technology 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.

Guangdong Dowstone Technology 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)
	=	4202.674	/	(2566.842	+	3386.21)
	=	0.71

Guangdong Dowstone Technology 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)
	=	3451.885	/	(2489.663	+	3334.241)
	=	0.59

Guangdong Dowstone Technology co (SZSE:300409) 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.

Guangdong Dowstone Technology co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Guangdong Dowstone Technology co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Dowstone Technology co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Dowstone Technology co Ltd (SZSE:300409) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 30 world Jihua, Four Italian American Ceramic Sanitary Ware, Foshan, Guangdong, CHN

Website

http://www.dowstone.com.cn

Guangdong Dowstone Technology co Ltd is a domestic ceramic product full-service chain product and service provider. The company also provides package product solutions and raw material procurement management services for high-end ceramics manufacturers at home and abroad. Its product offerings include Ceramic ink, Enamel glaze, One-time burning, Full caste Glaze, and others. The company's solutions consist of Digital overall solution, Finished glaze overall solution, Dry powder dry granule overall solution, Total solution service process, and other solutions.

Executives

Zhang Yi	Directors, executives
Rong Ji Hua	Director
Wang Hai Qing	Director
Liang Hai Yan	Director
He Xiang Yong	Executives

Guangdong Dowstone Technology co Headlines

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