Ningxia Yinglite Chemicals Co (SZSE:000635) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Ningxia Yinglite Chemicals 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. Ningxia Yinglite Chemicals Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, Ningxia Yinglite Chemicals 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 Ningxia Yinglite Chemicals Co's Cash-to-Debt or its related term are showing as below:

SZSE:000635' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: No Debt Max: No Debt
Current: 0.04

During the past 13 years, Ningxia Yinglite Chemicals Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was No Debt.

SZSE:000635's Cash-to-Debt is ranked worse than
94.89% of 1546 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:000635: 0.04

Ningxia Yinglite Chemicals Co Cash-to-Debt Historical Data

The historical data trend for Ningxia Yinglite Chemicals 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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Ningxia Yinglite Chemicals Co Cash-to-Debt Chart

Ningxia Yinglite Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

169.25

0.13

Ningxia Yinglite Chemicals 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															173.98	120.88	2.88	0.13	0.04

Competitive Comparison of Ningxia Yinglite Chemicals Co's Cash-to-Debt

For the Chemicals subindustry, Ningxia Yinglite Chemicals 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.

Ningxia Yinglite Chemicals Co's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Ningxia Yinglite Chemicals Co's Cash-to-Debt falls into.

Ningxia Yinglite Chemicals 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.

Ningxia Yinglite Chemicals 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)
	=	23.098	/	(0.135	+	182.6)
	=	0.13

Ningxia Yinglite Chemicals 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)
	=	13.935	/	(220.886	+	182.6)
	=	0.03

Ningxia Yinglite Chemicals Co (SZSE:000635) 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.

Ningxia Yinglite Chemicals Co Cash-to-Debt Related Terms

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Ningxia Yinglite Chemicals Co (SZSE:000635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningxia Yinglite Chemicals Co Ltd (SZSE:000635) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Steel Circuit, Ningxia Hui Autonomous Region, Huinong District, Shizuishan, CHN

Website

http://www.yinglitechem.com

Ningxia Yinglite Chemicals Co Ltd is a middle-sized chemical enterprise. Its main products include calcium carbide, calcium cyanamide, dicyandiamide, polyvinyl chloride, liquid caustic soda, caustic soda flakes, solid caustic soda, and liquid chlorine.

Executives

Li Zhi Qin	Executives
Zhang Yong Pu	Supervisors
Zhang Yong	Executives

Ningxia Yinglite Chemicals Co (SZSE:000635) Headlines

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