Tiangong International Co (HKSE:00826) Cash-to-Debt : 0.71 (As of Dec. 2023)

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What is Tiangong International 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. Tiangong International Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.71.

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, Tiangong International Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Tiangong International Co's Cash-to-Debt or its related term are showing as below:

HKSE:00826' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.36 Max: 1.18
Current: 0.71

During the past 13 years, Tiangong International Co's highest Cash to Debt Ratio was 1.18. The lowest was 0.24. And the median was 0.36.

HKSE:00826's Cash-to-Debt is ranked better than
64.55% of 615 companies
in the Steel industry
Industry Median: 0.43 vs HKSE:00826: 0.71

Tiangong International Co Cash-to-Debt Historical Data

The historical data trend for Tiangong International 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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Tiangong International Co Cash-to-Debt Chart

Tiangong International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.28

0.61

1.18

0.89

0.71

Tiangong International Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.18	1.01	0.89	0.82	0.71

Competitive Comparison of Tiangong International Co's Cash-to-Debt

For the Steel subindustry, Tiangong International 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.

Tiangong International Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tiangong International Co's Cash-to-Debt distribution charts can be found below:

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

Tiangong International 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.

Tiangong International 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)
	=	2251.197	/	(2416.62	+	749.893)
	=	0.71

Tiangong International Co's Cash to Debt Ratio for the quarter 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)
	=	2251.197	/	(2416.62	+	749.893)
	=	0.71

Tiangong International Co (HKSE:00826) 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.

Tiangong International Co Cash-to-Debt Related Terms

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Tiangong International Co (HKSE:00826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tiangong International Co Ltd (HKSE:00826) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

34T1:Germany

Address

Houxiang Town, Jiangsu Province, Danyang City, CHN, 212312

Website

http://www.tggj.cn

Tiangong International Co Ltd is engaged in the manufacturing and sales of high alloy steel, cutting tools, titanium alloy, trading of goods and others. The reportable segments of the company are, 1) The DS segment manufactures and sells materials that are used in the die set manufacturing industry. 2) The HSS segment manufactures and sells materials that are used in the tools manufacturing industry. 3) The cutting tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry. 4) The titanium alloy segment manufactures and sells titanium alloys to the titanium industry. 5) The trading of goods segment sells general carbon steel products that are not within the Group's production scope. 6) Others segment assembles and sells power tools kits.

Tiangong International Co (HKSE:00826) Headlines

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