Xinxiang Richful Lube Additive Co (SZSE:300910) Cash-to-Debt : 12.20 (As of Mar. 2024)

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What is Xinxiang Richful Lube Additive 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. Xinxiang Richful Lube Additive Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 12.20.

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, Xinxiang Richful Lube Additive 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 Xinxiang Richful Lube Additive Co's Cash-to-Debt or its related term are showing as below:

SZSE:300910' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.63 Med: 372.41 Max: No Debt
Current: 12.2

During the past 8 years, Xinxiang Richful Lube Additive Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.63. And the median was 372.41.

SZSE:300910's Cash-to-Debt is ranked better than
83.37% of 1551 companies
in the Chemicals industry
Industry Median: 0.72 vs SZSE:300910: 12.20

Xinxiang Richful Lube Additive Co Cash-to-Debt Historical Data

The historical data trend for Xinxiang Richful Lube Additive 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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Xinxiang Richful Lube Additive Co Cash-to-Debt Chart

Xinxiang Richful Lube Additive Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

4,344.92

2,230.53

642.37

17.32

Xinxiang Richful Lube Additive 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															372.41	36.72	22.10	17.32	12.20

Competitive Comparison of Xinxiang Richful Lube Additive Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Xinxiang Richful Lube Additive 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.

Xinxiang Richful Lube Additive Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xinxiang Richful Lube Additive Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xinxiang Richful Lube Additive Co's Cash-to-Debt falls into.

Xinxiang Richful Lube Additive 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.

Xinxiang Richful Lube Additive 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)
	=	1632.389	/	(3.65	+	90.583)
	=	17.32

Xinxiang Richful Lube Additive 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)
	=	1296.322	/	(12.247	+	94)
	=	12.20

Xinxiang Richful Lube Additive Co (SZSE:300910) 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.

Xinxiang Richful Lube Additive Co Cash-to-Debt Related Terms

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Xinxiang Richful Lube Additive Co (SZSE:300910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinxiang Richful Lube Additive Co Ltd (SZSE:300910) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dazhaoying Industrial Zone, Henan Province (North of Xinhuo Road), Xinxiang, CHN, 453700

Website

http://www.sinoruifeng.com

Xinxiang Richful Lube Additive Co Ltd is engaged in the production and sales of fine chemical products. Its product range includes special papermaking chemicals and lubricant additives.

Xinxiang Richful Lube Additive Co (SZSE:300910) Headlines

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