Guangdong Kitech New Material Holding Co (SZSE:300995) Cash-to-Debt : 2.14 (As of Mar. 2024)

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What is Guangdong Kitech New Material Holding 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. Guangdong Kitech New Material Holding Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.14.

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, Guangdong Kitech New Material Holding 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 Guangdong Kitech New Material Holding Co's Cash-to-Debt or its related term are showing as below:

SZSE:300995' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.55 Med: 5.72 Max: No Debt
Current: 2.14

During the past 7 years, Guangdong Kitech New Material Holding Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.55. And the median was 5.72.

SZSE:300995's Cash-to-Debt is ranked better than
67.93% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs SZSE:300995: 2.14

Guangdong Kitech New Material Holding Co Cash-to-Debt Historical Data

The historical data trend for Guangdong Kitech New Material Holding 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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Guangdong Kitech New Material Holding Co Cash-to-Debt Chart

Guangdong Kitech New Material Holding Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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12.52

2.30

2.75

7.03

2.69

Guangdong Kitech New Material Holding Co Quarterly Data
	Dec18	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															8.65	5.04	1.55	2.69	2.14

Competitive Comparison of Guangdong Kitech New Material Holding Co's Cash-to-Debt

For the Chemicals subindustry, Guangdong Kitech New Material Holding 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.

Guangdong Kitech New Material Holding Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Kitech New Material Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guangdong Kitech New Material Holding Co's Cash-to-Debt falls into.

Guangdong Kitech New Material Holding 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.

Guangdong Kitech New Material Holding 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)
	=	99.215	/	(10.337	+	26.522)
	=	2.69

Guangdong Kitech New Material Holding 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)
	=	114.262	/	(9.82	+	43.5)
	=	2.14

Guangdong Kitech New Material Holding Co (SZSE:300995) 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.

Guangdong Kitech New Material Holding Co Cash-to-Debt Related Terms

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Guangdong Kitech New Material Holding Co (SZSE:300995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Kitech New Material Holding Co Ltd (SZSE:300995) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

135 Dongsheng Road, Jianghai District, Guangdong Province, Jiangmen, CHN, 529000

Website

http://www.qide.cn

Guangdong Kitech New Material Holding Co Ltd research and development, design, production and sales of modified nylon and modified polypropylene based high-performance polymer composite materials and their products, precision injection molds, and related services.

Executives

Chen Yun Feng

Directors, Directors, and Executives

Guangdong Kitech New Material Holding Co (SZSE:300995) Headlines

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