Bestsun Energy Co (SHSE:600681) Cash-to-Debt : 0.22 (As of Mar. 2024)

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What is Bestsun Energy 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. Bestsun Energy Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.22.

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, Bestsun Energy Co 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 Bestsun Energy Co's Cash-to-Debt or its related term are showing as below:

SHSE:600681' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.71 Max: No Debt
Current: 0.22

During the past 13 years, Bestsun Energy Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 0.71.

SHSE:600681's Cash-to-Debt is ranked worse than
53.55% of 493 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs SHSE:600681: 0.22

Bestsun Energy Co Cash-to-Debt Historical Data

The historical data trend for Bestsun Energy 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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Bestsun Energy Co Cash-to-Debt Chart

Bestsun Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.16

0.69

0.73

0.36

0.39

Bestsun Energy 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															0.24	0.20	0.25	0.39	0.22

Competitive Comparison of Bestsun Energy Co's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Bestsun Energy 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.

Bestsun Energy Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Bestsun Energy Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bestsun Energy Co's Cash-to-Debt falls into.

Bestsun Energy 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.

Bestsun Energy 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)
	=	685.861	/	(662.722	+	1120.53)
	=	0.38

Bestsun Energy 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)
	=	481.333	/	(1125.164	+	1099.34)
	=	0.22

Bestsun Energy Co (SHSE:600681) 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.

Bestsun Energy Co Cash-to-Debt Related Terms

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Bestsun Energy Co (SHSE:600681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Bestsun Energy Co Ltd (SHSE:600681) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No.1, Yangxin Road, Hanyang District, Hubei Province, Wuhan, CHN, 100022

Website

http://www.bestsungas.com

Bestsun Energy Co Ltd is a China-based company operates as a gas production and supply industry. It invests in natural gas pipelines, liquefied natural gas, and natural gas vehicle fillings stations.

Executives

Ma Fu You	Supervisors
Fu Sheng Li	Supervisors
Wang Dong Hai	Director
Han Xiao	Director

Bestsun Energy Co (SHSE:600681) Headlines

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