CECEP Wind Power (SHSE:601016) Cash-to-Debt : 0.11 (As of Mar. 2024)

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What is CECEP Wind Power 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. CECEP Wind Power's cash to debt ratio for the quarter that ended in Mar. 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, CECEP Wind Power 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 CECEP Wind Power's Cash-to-Debt or its related term are showing as below:

SHSE:601016' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.13 Max: 0.4
Current: 0.11

During the past 13 years, CECEP Wind Power's highest Cash to Debt Ratio was 0.40. The lowest was 0.06. And the median was 0.13.

SHSE:601016's Cash-to-Debt is ranked worse than
66.59% of 428 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs SHSE:601016: 0.11

CECEP Wind Power Cash-to-Debt Historical Data

The historical data trend for CECEP Wind Power'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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CECEP Wind Power Cash-to-Debt Chart

CECEP Wind Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

0.07

0.24

0.10

CECEP Wind Power 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	0.19	0.14	0.10	0.11

Competitive Comparison of CECEP Wind Power's Cash-to-Debt

For the Utilities - Renewable subindustry, CECEP Wind Power'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.

CECEP Wind Power's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CECEP Wind Power's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CECEP Wind Power's Cash-to-Debt falls into.

CECEP Wind Power 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.

CECEP Wind Power'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)
	=	2164.2	/	(2246.194	+	19619.195)
	=	0.10

CECEP Wind Power'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)
	=	2480.777	/	(2268.843	+	20028.491)
	=	0.11

CECEP Wind Power (SHSE:601016) 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.

CECEP Wind Power Cash-to-Debt Related Terms

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

CECEP Wind Power (SHSE:601016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CECEP Wind Power Corp (SHSE:601016) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Jieneng Mansion No.42, Xizhimen North Street, 12F Building A, Haidian District, Beijing, CHN, 100082

Website

http://www.cecwpc.cn

CECEP Wind Power Corp is a China-based company engages in the development, investment management, construction, operation and maintenance of wind power projects. It also involves in integrated resource exploration as well as engages in the manufacture and construction of turbine design. It holds main wind power station projects, which situated at Zhangbei, Hebei province, Dabancheng, Xinjiang Province, and Jiuquan, Gansu province, China.

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