China Gengsheng Minerals (FRA:CGS) Cash-to-Debt : 0.11 (As of Dec. 2013)

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What is China Gengsheng Minerals 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. China Gengsheng Minerals's cash to debt ratio for the quarter that ended in Dec. 2013 was 0.11.

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, China Gengsheng Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2013.

The historical rank and industry rank for China Gengsheng Minerals's Cash-to-Debt or its related term are showing as below:

FRA:CGS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.26 Max: No Debt
Current: 0.11

During the past 8 years, China Gengsheng Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.26.

FRA:CGS's Cash-to-Debt is not ranked
in the Building Materials industry.
Industry Median: 0.45 vs FRA:CGS: 0.11

China Gengsheng Minerals Cash-to-Debt Historical Data

The historical data trend for China Gengsheng Minerals'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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China Gengsheng Minerals Cash-to-Debt Chart

China Gengsheng Minerals Annual Data

Trend

Sep06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash-to-Debt

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0.13

0.02

0.08

0.39

0.11

China Gengsheng Minerals Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Cash-to-Debt	Get a 7-Day Free Trial															0.39	0.06	0.04	0.03	0.11

Competitive Comparison of China Gengsheng Minerals's Cash-to-Debt

For the Building Materials subindustry, China Gengsheng Minerals'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.

China Gengsheng Minerals's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Gengsheng Minerals's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Gengsheng Minerals's Cash-to-Debt falls into.

China Gengsheng Minerals 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.

China Gengsheng Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 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)
	=	0.853	/	(7.636	+	0)
	=	0.11

China Gengsheng Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 2013 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)
	=	0.853	/	(7.636	+	0)
	=	0.11

China Gengsheng Minerals (FRA:CGS) 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.

China Gengsheng Minerals Cash-to-Debt Related Terms

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

China Gengsheng Minerals (FRA:CGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Gengsheng Minerals (FRA:CGS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Gengsheng Road, Dayugou Town, Gongyi, Henan, CHN, 451271

Website

http://www.gengsheng.com

China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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