Niutech Environment Technology (SHSE:688309) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Niutech Environment Technology 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. Niutech Environment Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Niutech Environment Technology could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Niutech Environment Technology's Cash-to-Debt or its related term are showing as below:

SHSE:688309' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.64 Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Niutech Environment Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.64. And the median was No Debt.

SHSE:688309's Cash-to-Debt is ranked better than
99.86% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs SHSE:688309: No Debt

Niutech Environment Technology Cash-to-Debt Historical Data

The historical data trend for Niutech Environment Technology'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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Niutech Environment Technology Cash-to-Debt Chart

Niutech Environment Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.18

No Debt

Niutech Environment Technology 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Niutech Environment Technology's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Niutech Environment Technology'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.

Niutech Environment Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Niutech Environment Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Niutech Environment Technology's Cash-to-Debt falls into.

Niutech Environment Technology 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.

Niutech Environment Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Niutech Environment Technology had no debt ⁽¹⁾.

Niutech Environment Technology's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Niutech Environment Technology had no debt ⁽¹⁾.

Niutech Environment Technology (SHSE:688309) 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.

Niutech Environment Technology Cash-to-Debt Related Terms

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Niutech Environment Technology (SHSE:688309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Niutech Environment Technology Corp (SHSE:688309) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 9889 Haitang Road, High-tech Zone, Shandong Province, Jinan, CHN, 250031

Website

http://www.niutech.com

Niutech Environment Technology Corp is engaged in organic waste cracking technology research and development and related equipment design, production and sales. The company specializes in high polymer waste, such as waste tyre, waste plastic, oil sludge, waste oil, biomass, hazard waste and municipal sludge Pyrolysis technology and equipment manufacturing and product sales.

Niutech Environment Technology (SHSE:688309) Headlines

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Niutech Environment Technology (SHSE:688309) Cash-to-Debt : No Debt (1) (As of Mar. 2024)