Xi'An Shaangu Power Co (SHSE:601369) Cash-to-Debt : 2.49 (As of Mar. 2024)

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What is Xi'An Shaangu Power 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. Xi'An Shaangu Power Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.49.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Xi'An Shaangu Power Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Xi'An Shaangu Power Co's Cash-to-Debt or its related term are showing as below:

SHSE:601369' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 3.12 Max: No Debt
Current: 2.49

During the past 13 years, Xi'An Shaangu Power Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.95. And the median was 3.12.

SHSE:601369's Cash-to-Debt is ranked better than
62.6% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs SHSE:601369: 2.49

Xi'An Shaangu Power Co Cash-to-Debt Historical Data

The historical data trend for Xi'An Shaangu Power 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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Xi'An Shaangu Power Co Cash-to-Debt Chart

Xi'An Shaangu Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.80

4.69

4.22

2.59

3.26

Xi'An Shaangu Power 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															2.64	2.67	3.02	3.26	2.49

Competitive Comparison of Xi'An Shaangu Power Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Xi'An Shaangu Power 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.

Xi'An Shaangu Power Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xi'An Shaangu Power Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xi'An Shaangu Power Co's Cash-to-Debt falls into.

Xi'An Shaangu Power 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.

Xi'An Shaangu Power 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)
	=	11424.082	/	(2504.519	+	999.759)
	=	3.26

Xi'An Shaangu Power 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)
	=	13717.131	/	(4601.056	+	905.139)
	=	2.49

Xi'An Shaangu Power Co (SHSE:601369) 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.

Xi'An Shaangu Power Co Cash-to-Debt Related Terms

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Xi'An Shaangu Power Co (SHSE:601369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xi'An Shaangu Power Co Ltd (SHSE:601369) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18 Shaangu Road, Lintong District, Xi'an, CHN, 710611

Website

http://www.shaangu.com

Xi'An Shaangu Power Co Ltd is engaged in providing systematic solutions and services for turbo-machinery in the fields of chemical industry, petroleum, metallurgical industry, air separation, power generation, civil construction, environmental protection, and national defense. Services are provided for axial compressors, energy recovery and power generation turbine unit, centrifugal compressors, centrifugal blowers, large fans and steam turbines.

Executives

Liu Jin Ping	Director
Chen Yu Ping	senior management
Zhao Guang	senior management
Lin Man Xiang	Supervisors
Wang Jian Xuan	Director
Yang Kai	senior management
Ye Zhang Qing	senior management
Chen Dang Min	Director
Cai Yuan Ming	senior management
Du Jun Kang	Supervisors
Yin Jian An	Director
Li Hong An	Director
Zhao Jia Wen	senior management
Cai Xin Ping	senior management
Sun Ji Rui	Director

Xi'An Shaangu Power Co (SHSE:601369) Headlines

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