Shougang Century Holdings (HKSE:00103) Cash-to-Debt : 0.26 (As of Jun. 2023)

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What is Shougang Century Holdings 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. Shougang Century Holdings's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.26.

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, Shougang Century Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Shougang Century Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00103' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 0.27
Current: 0.16

During the past 13 years, Shougang Century Holdings's highest Cash to Debt Ratio was 0.27. The lowest was 0.05. And the median was 0.14.

HKSE:00103's Cash-to-Debt is ranked worse than
71.47% of 617 companies
in the Steel industry
Industry Median: 0.42 vs HKSE:00103: 0.16

Shougang Century Holdings Cash-to-Debt Historical Data

The historical data trend for Shougang Century Holdings'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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Shougang Century Holdings Cash-to-Debt Chart

Shougang Century Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.07

0.14

0.11

0.25

0.16

Shougang Century Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.21	0.25	0.26	0.16

Competitive Comparison of Shougang Century Holdings's Cash-to-Debt

For the Steel subindustry, Shougang Century Holdings'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.

Shougang Century Holdings's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shougang Century Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shougang Century Holdings's Cash-to-Debt falls into.

Shougang Century Holdings 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.

Shougang Century Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	145.807	/	(587.918	+	0.446)
	=	0.25

Shougang Century Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	140.607	/	(548.931	+	0)
	=	0.26

Shougang Century Holdings (HKSE:00103) 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.

Shougang Century Holdings Cash-to-Debt Related Terms

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Shougang Century Holdings (HKSE:00103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Century Holdings Ltd (HKSE:00103) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CW7:Germany

Address

6 Sun Yip Street, Room 1215, 12th Floor, Honour Industrial Centre, Chai Wan, Hong Kong, HKG

Website

https://www.shougangcentury.com.hk

Shougang Century Holdings Ltd along with its subsidiaries is engaged in the manufacturing and sales of steel cords for radial tyres, sawing wires and hose wires. The steel cords are specifically used in radial tires. The company generates majority of its revenue from the steel cord business in China. The Group's operations are currently organized into one reportable segment which is steel cord segment.

Shougang Century Holdings (HKSE:00103) Headlines

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