Shanghai Kinlita Chemical Co (SZSE:300225) Cash-to-Debt : 1.02 (As of Mar. 2024)

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What is Shanghai Kinlita Chemical 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. Shanghai Kinlita Chemical Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.02.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Shanghai Kinlita Chemical Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:300225' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: No Debt Max: No Debt
Current: 1.02

During the past 13 years, Shanghai Kinlita Chemical Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.39. And the median was No Debt.

SZSE:300225's Cash-to-Debt is ranked better than
56.08% of 1512 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:300225: 1.02

Shanghai Kinlita Chemical Co Cash-to-Debt Historical Data

The historical data trend for Shanghai Kinlita Chemical 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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Shanghai Kinlita Chemical Co Cash-to-Debt Chart

Shanghai Kinlita Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

32.27

7.56

2.60

1.61

Shanghai Kinlita Chemical 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															3.06	0.71	0.39	1.61	1.02

Competitive Comparison of Shanghai Kinlita Chemical Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Shanghai Kinlita Chemical 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.

Shanghai Kinlita Chemical Co's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Shanghai Kinlita Chemical Co's Cash-to-Debt falls into.

Shanghai Kinlita Chemical 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.

Shanghai Kinlita Chemical 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)
	=	202.9	/	(115.012	+	11.123)
	=	1.61

Shanghai Kinlita Chemical 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)
	=	159.597	/	(147.621	+	9.642)
	=	1.01

Shanghai Kinlita Chemical Co (SZSE:300225) 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.

Shanghai Kinlita Chemical Co Cash-to-Debt Related Terms

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

Shanghai Kinlita Chemical Co (SZSE:300225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Kinlita Chemical Co Ltd (SZSE:300225) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139, Chugong Road, Shanghai Chemical Industry Zone, Shanghai, CHN, 201417

Website

http://www.knt.cn

Shanghai Kinlita Chemical Co Ltd is a player in the mid and high-end industrial coating industry. The company's product lineup includes automotive and industrial cationic electrocoat (CED), OEM automotive primer surfacer and topcoat.

Executives

Jing Zong Fa	Director
Yan Jia Hua	Directors, executives
Tang Yang	Secretary, Director
Liu Jin Mei	Director
Liu Xue Min	Supervisors
Su Ming Zhong	Director
Tian Bao Guo	Directors, executives
Wu Guo Zheng	Director
Zhou Wen Biao	Supervisors
Mou Zong Yuan	Director
Qian Qiong Wei	Directors, executives

Shanghai Kinlita Chemical Co (SZSE:300225) Headlines

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