Kangda New Materials (Group) Co (SZSE:002669) Cash-to-Debt : 0.26 (As of Mar. 2024)

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What is Kangda New Materials (Group) 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. Kangda New Materials (Group) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.26.

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, Kangda New Materials (Group) 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 Kangda New Materials (Group) Co's Cash-to-Debt or its related term are showing as below:

SZSE:002669' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 2 Max: 14.24
Current: 0.26

During the past 13 years, Kangda New Materials (Group) Co's highest Cash to Debt Ratio was 14.24. The lowest was 0.23. And the median was 2.00.

SZSE:002669's Cash-to-Debt is ranked worse than
73.1% of 1543 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:002669: 0.26

Kangda New Materials (Group) Co Cash-to-Debt Historical Data

The historical data trend for Kangda New Materials (Group) 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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Kangda New Materials (Group) Co Cash-to-Debt Chart

Kangda New Materials (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.56

0.97

0.59

0.52

0.26

Kangda New Materials (Group) 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															0.42	0.28	0.23	0.26	0.26

Competitive Comparison of Kangda New Materials (Group) Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Kangda New Materials (Group) 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.

Kangda New Materials (Group) Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kangda New Materials (Group) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kangda New Materials (Group) Co's Cash-to-Debt falls into.

Kangda New Materials (Group) 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.

Kangda New Materials (Group) 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)
	=	644.444	/	(1638.47	+	836.102)
	=	0.26

Kangda New Materials (Group) 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)
	=	709.383	/	(1801.973	+	901.393)
	=	0.26

Kangda New Materials (Group) Co (SZSE:002669) 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.

Kangda New Materials (Group) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Kangda New Materials (Group) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Kangda New Materials (Group) Co (SZSE:002669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kangda New Materials (Group) Co Ltd (SZSE:002669) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.655, Qingda Road, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.kangda-sh.com

Shanghai Kangda New Materials Co Ltd is mainly engaged in the research, development, production, and sale of adhesive and sealant products. The company provides more than 200 kinds of products, including epoxy adhesive, polyurethane adhesive, acrylate AB adhesive (SGA), cyanoacrylate adhesive, UV curing adhesive, silicon rubber, anaerobic adhesive, butyl hot melt adhesive, industrial repair putty, spray polyurea and others. The products are widely used in the fields of loudspeaker assembling, energy power plants, transportation, anti-corrosion, ports and mines, military equipment, mechanical equipment, electronic appliances, and construction reinforcement.

Executives

Yao Qi Sheng	Directors, executives
Lu Wei	Executives
Wu Ming	Supervisors
Xu Hong Shan	Executives
Wen Dong Hua	Independent director
Wang Zhi Hua	Executives

Kangda New Materials (Group) Co (SZSE:002669) Headlines

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