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Shandong Weifang Rainbow Chemical Co (SZSE:301035) Cash-to-Debt : 1.17 (As of Sep. 2024)


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What is Shandong Weifang Rainbow 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. Shandong Weifang Rainbow Chemical Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.17.

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, Shandong Weifang Rainbow Chemical Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SZSE:301035' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84   Med: 3.3   Max: 9.46
Current: 1.17

During the past 10 years, Shandong Weifang Rainbow Chemical Co's highest Cash to Debt Ratio was 9.46. The lowest was 0.84. And the median was 3.30.

SZSE:301035's Cash-to-Debt is ranked better than
62.4% of 242 companies
in the Agriculture industry
Industry Median: 0.525 vs SZSE:301035: 1.17

Shandong Weifang Rainbow Chemical Co Cash-to-Debt Historical Data

The historical data trend for Shandong Weifang Rainbow 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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Shandong Weifang Rainbow Chemical Co Cash-to-Debt Chart

Shandong Weifang Rainbow Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.46 3.39 6.45 8.42 1.39

Shandong Weifang Rainbow Chemical Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.95 1.39 0.84 0.92 1.17

Competitive Comparison of Shandong Weifang Rainbow Chemical Co's Cash-to-Debt

For the Agricultural Inputs subindustry, Shandong Weifang Rainbow 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.


Shandong Weifang Rainbow Chemical Co's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Shandong Weifang Rainbow Chemical Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shandong Weifang Rainbow Chemical Co's Cash-to-Debt falls into.



Shandong Weifang Rainbow 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.

Shandong Weifang Rainbow Chemical Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Shandong Weifang Rainbow Chemical Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Shandong Weifang Rainbow Chemical Co  (SZSE:301035) 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.


Shandong Weifang Rainbow Chemical Co Cash-to-Debt Related Terms

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Shandong Weifang Rainbow Chemical Co Business Description

Traded in Other Exchanges
N/A
Address
No. 03001, Chlor-Alkali Road, Binhai Economic Development Zone, Shandong Province, Weifang, CHN, 262737
Shandong Weifang Rainbow Chemical Co Ltd is a crop protection company. It produces, distributes and markets agrochemicals.
Executives
Wang Wen Cai Director
Xing Bing Peng Directors, executives
Shen Jie Executives

Shandong Weifang Rainbow Chemical Co Headlines

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