Tunghsu Azure Renewable Energy Co (SZSE:000040) Cash-to-Debt : 0.40 (As of Sep. 2023)

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What is Tunghsu Azure Renewable 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. Tunghsu Azure Renewable Energy Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.40.

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, Tunghsu Azure Renewable Energy Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Tunghsu Azure Renewable Energy Co's Cash-to-Debt or its related term are showing as below:

SZSE:000040' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.45 Max: 2.37
Current: 0.4

During the past 13 years, Tunghsu Azure Renewable Energy Co's highest Cash to Debt Ratio was 2.37. The lowest was 0.21. And the median was 0.45.

SZSE:000040's Cash-to-Debt is ranked better than
62.21% of 426 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.225 vs SZSE:000040: 0.40

Tunghsu Azure Renewable Energy Co Cash-to-Debt Historical Data

The historical data trend for Tunghsu Azure Renewable 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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Tunghsu Azure Renewable Energy Co Cash-to-Debt Chart

Tunghsu Azure Renewable Energy Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.81

0.53

0.42

0.39

0.45

Tunghsu Azure Renewable Energy Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.39	0.45	0.41	0.40	0.40

Competitive Comparison of Tunghsu Azure Renewable Energy Co's Cash-to-Debt

For the Utilities - Renewable subindustry, Tunghsu Azure Renewable 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.

Tunghsu Azure Renewable Energy Co's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tunghsu Azure Renewable Energy Co's Cash-to-Debt distribution charts can be found below:

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

Tunghsu Azure Renewable 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.

Tunghsu Azure Renewable Energy Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	3655.276	/	(4439.614	+	3637.349)
	=	0.45

Tunghsu Azure Renewable Energy Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3190.414	/	(5139.054	+	2880.802)
	=	0.40

Tunghsu Azure Renewable Energy Co (SZSE:000040) 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.

Tunghsu Azure Renewable Energy Co Cash-to-Debt Related Terms

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Tunghsu Azure Renewable Energy Co (SZSE:000040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tunghsu Azure Renewable Energy Co Ltd (SZSE:000040) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

25-27th Floor Hongji Building, No 1011 Dong Men Zhong Road, Guangdong, Shenzhen, CHN, 518001

Website

http://www.dongxulantian.com

Tunghsu Azure Renewable Energy Co Ltd is engaged in the business of new energy and ecological protection. It offers smart energy with multi-complementary, integrated distribution, and cogeneration of cold and heat, through environmental protection. The company also provides a package of green development solution. Its business scope covers ecological comprehensive management, water environment restoration and operation, soil and mine restoration, and hazardous waste/solid waste treatment. In addition, it provides local governments with planning and design in the fields of infrastructure construction and eco-environmental protection, investment, construction, operations, management, and other life cycle solutions.

Executives

Chen Wei	Director
Li Dong Ming	Executives
You Ming Tian	Supervisors
Chen Han Zhong	Executives
Luo Wei Guang	Executives
Yan Jin Hui	Director
Qiu Sheng Kai	Executives
Huang Xu Hui	Executives
Deng Xue Qin	Director
Shen Shu Jiang	Executives
Lin Yin Fu	Supervisors
Zhou Ke Tian	Director

Tunghsu Azure Renewable Energy Co (SZSE:000040) Headlines

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