Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Cash-to-Debt : 0.57 (As of Mar. 2024)

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What is Guangdong Orient Zirconic Ind Sic & Tech 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. Guangdong Orient Zirconic Ind Sic & Tech Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.57.

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, Guangdong Orient Zirconic Ind Sic & Tech 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 Guangdong Orient Zirconic Ind Sic & Tech Co's Cash-to-Debt or its related term are showing as below:

SZSE:002167' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 0.98
Current: 0.57

During the past 13 years, Guangdong Orient Zirconic Ind Sic & Tech Co's highest Cash to Debt Ratio was 0.98. The lowest was 0.02. And the median was 0.11.

SZSE:002167's Cash-to-Debt is ranked worse than
55.11% of 1546 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:002167: 0.57

Guangdong Orient Zirconic Ind Sic & Tech Co Cash-to-Debt Historical Data

The historical data trend for Guangdong Orient Zirconic Ind Sic & Tech 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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Guangdong Orient Zirconic Ind Sic & Tech Co Cash-to-Debt Chart

Guangdong Orient Zirconic Ind Sic & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.22

0.40

0.98

0.65

Guangdong Orient Zirconic Ind Sic & Tech 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															0.79	0.92	0.81	0.65	0.57

Competitive Comparison of Guangdong Orient Zirconic Ind Sic & Tech Co's Cash-to-Debt

For the Chemicals subindustry, Guangdong Orient Zirconic Ind Sic & Tech 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.

Guangdong Orient Zirconic Ind Sic & Tech Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Orient Zirconic Ind Sic & Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong Orient Zirconic Ind Sic & Tech Co's Cash-to-Debt falls into.

Guangdong Orient Zirconic Ind Sic & Tech 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.

Guangdong Orient Zirconic Ind Sic & Tech 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)
	=	547.513	/	(722.041	+	118.717)
	=	0.65

Guangdong Orient Zirconic Ind Sic & Tech 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)
	=	475.252	/	(624.195	+	216.065)
	=	0.57

Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) 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.

Guangdong Orient Zirconic Ind Sic & Tech Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Guangdong Orient Zirconic Ind Sic & Tech Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Orient Zirconic Ind Sic & Tech Co Ltd (SZSE:002167) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Yutian Technical Park, Laimei Road, Shantou, Guangdong, CHN, 515821

Website

http://www.orientzr.com

Guangdong Orient Zirconic Ind Sic & Tech Co Ltd operates in the chemical industry. The company is specializing in the research, development, production, and operation of zirconium products. Its main products range include zirconium dioxide, zirconium oxychloride, composite zirconia, zirconium silicate, zirconium sponge and zirconium structural parts. The product applications include nuclear power, special ceramics, artificial gemstones, ceramic glazes and advanced refractory materials.

Executives

Liu Zhi Qiang	Executives
Qiao Zhu Qing	Directors, executives
Feng Li Ming	Directors, executives
Huang Chao Hua	Directors, executives
Chen Chao Dian	Director
Wu Jin Peng	Executives
Jiang Chun	Directors, executives
Yun Wu Jun	Independent director
Chen En Min	Secretary Dong
Chen Ji Cheng	Supervisors
Li Wen Bin	Supervisors

Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Headlines

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