Jiangsu Huaxicun Co (SZSE:000936) Cash-to-Debt : 0.85 (As of Mar. 2024)

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What is Jiangsu Huaxicun 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. Jiangsu Huaxicun Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.85.

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, Jiangsu Huaxicun Co 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 Jiangsu Huaxicun Co's Cash-to-Debt or its related term are showing as below:

SZSE:000936' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.99 Max: 2.23
Current: 0.85

During the past 13 years, Jiangsu Huaxicun Co's highest Cash to Debt Ratio was 2.23. The lowest was 0.25. And the median was 0.99.

SZSE:000936's Cash-to-Debt is ranked better than
52.42% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:000936: 0.85

Jiangsu Huaxicun Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu Huaxicun 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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Jiangsu Huaxicun Co Cash-to-Debt Chart

Jiangsu Huaxicun Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.12

1.29

1.25

0.99

0.89

Jiangsu Huaxicun 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															0.86	0.99	0.98	0.89	0.85

Competitive Comparison of Jiangsu Huaxicun Co's Cash-to-Debt

For the Chemicals subindustry, Jiangsu Huaxicun 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.

Jiangsu Huaxicun Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Huaxicun Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu Huaxicun Co's Cash-to-Debt falls into.

Jiangsu Huaxicun 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.

Jiangsu Huaxicun 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)
	=	976.235	/	(1094.176	+	0)
	=	0.89

Jiangsu Huaxicun 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)
	=	881.811	/	(1040.263	+	0)
	=	0.85

Jiangsu Huaxicun Co (SZSE:000936) 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.

Jiangsu Huaxicun Co Cash-to-Debt Related Terms

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

Jiangsu Huaxicun Co (SZSE:000936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Huaxicun Co Ltd (SZSE:000936) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Huaxi Village, Jiangsu Province, Jiangyin, CHN, 214420

Website

http://www.jshuaxicun.com

Jiangsu Huaxicun Co Ltd is engaged in the manufacture of textile and chemical fiber products as well as the generation and distribution of electric power, terylene short fibers, polyester products and storage services.

Executives

Tang Wei Qing	Director
Yu Tong	Executives
Wang Hong Yu	Directors, executives
Wu Xiu Qin	Supervisors
Li Man Liang	Directors, executives
Wu Xie En	Director
Bian Wu Biao	Directors, Directors, and Executives
Wu Wen Tong	Directors, executives
Sun Yun Feng	Director
Wu Jian Rong	Supervisors
Xu Jian Rong	Supervisors

Jiangsu Huaxicun Co (SZSE:000936) Headlines

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