Chongqing Gas Group (SHSE:600917) Cash-to-Debt : 0.95 (As of Mar. 2024)

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What is Chongqing Gas Group 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. Chongqing Gas Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.95.

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, Chongqing Gas Group 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 Chongqing Gas Group's Cash-to-Debt or its related term are showing as below:

SHSE:600917' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 5.23 Max: 8.28
Current: 0.95

During the past 13 years, Chongqing Gas Group's highest Cash to Debt Ratio was 8.28. The lowest was 0.95. And the median was 5.23.

SHSE:600917's Cash-to-Debt is ranked better than
72.62% of 493 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs SHSE:600917: 0.95

Chongqing Gas Group Cash-to-Debt Historical Data

The historical data trend for Chongqing Gas Group'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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Chongqing Gas Group Cash-to-Debt Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.41

3.00

3.82

1.64

1.03

Chongqing Gas Group 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															1.37	1.74	1.30	1.03	0.95

Competitive Comparison of Chongqing Gas Group's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Chongqing Gas Group'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.

Chongqing Gas Group's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chongqing Gas Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chongqing Gas Group's Cash-to-Debt falls into.

Chongqing Gas Group 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.

Chongqing Gas Group'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)
	=	1038.053	/	(376.156	+	636.139)
	=	1.03

Chongqing Gas Group'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)
	=	1242.828	/	(697.127	+	610.975)
	=	0.95

Chongqing Gas Group (SHSE:600917) 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.

Chongqing Gas Group Cash-to-Debt Related Terms

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

Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

Chongqing Gas Group (SHSE:600917) Headlines

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