Gulf Resources (Gulf Resources) Cash-to-Debt

: 11.63 (As of Sep. 2023)

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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. Gulf Resources's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.63.

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, Gulf Resources could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

GURE' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.88 Med: 35.28 Max: 94.89
Current: 11.63

During the past 13 years, Gulf Resources's highest Cash to Debt Ratio was 94.89. The lowest was 7.88. And the median was 35.28.

GURE's Cash-to-Debt is ranked better than
82.91% of 1551 companies
in the Chemicals industry
Industry Median: 0.75 vs GURE: 11.63

Gulf Resources Cash-to-Debt Historical Data

The historical data trend for Gulf Resources'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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Gulf Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

78.96

9.60

8.89

9.52

11.18

Gulf Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt																9.76	11.18	11.36	12.92	11.63

Competitive Comparison

For the Chemicals subindustry, Gulf Resources'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.

Gulf Resources Cash-to-Debt Distribution

For the Chemicals industry and Basic Materials sector, Gulf Resources's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gulf Resources's Cash-to-Debt falls into.

Gulf Resources 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.

Gulf Resources'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)
	=	108.226	/	(0.647	+	9.037)
	=	11.18

Gulf Resources's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	103.775	/	(0.625	+	8.299)
	=	11.63

Gulf Resources (NAS:GURE) 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.

Gulf Resources Cash-to-Debt Related Terms

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

Gulf Resources (Gulf Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gulf Resources Inc (NAS:GURE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

R29B:Germany

Address

Level 11, Vegetable Building, Industrial Park of the East Shouguang City, Shandong, Shouguang, CHN, 262700

Website

http://www.gulfresourcesinc.com

Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.

Executives

Xiaobin Liu	director, officer: Chief Executive Officer	GULF RESOURCES, INC. NO.99 WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714
Naihui Miao	officer: COO and Secretary	GULF RESOURCES INC. NO.99, WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714
Min Li	director, officer: Chief Financial Officer	CHEMING INDUSTRIAL PARK UNIT, HAOYUAN CHEMICAL COMPANY LIMITED, SHOUGUANG CITY, SHAN F4 F4 262714
Tengfei Zhang	director	C/O GULF RESOURCES, INC. 99 WENCHANG RD., CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714
Shengwei Ma	director	LEVEL 11, VEGETABLE BUILDING, INDUSTRIAL PARK OF THE EAST CITY, SHOUGUANG CITY, SHANGDON PROVI F4 262700
Shitong Jiang	director	GULF RESOURCES, INC. NO.99 WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714
Yang Zou	director	C/O GULF RESOURCES, INC., 99 WENCHANG RD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714
Nan Li	director	C/O GULF RESOURCES, INC., 99 WENCHANG RD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714
Ming Yang	10 percent owner	NO. 501 BO HAI ROAD, SHOUGUANG CITY, SHANDONG F4 262700
Weijie Chen	10 percent owner	NORTH WEIGAO ROAD, LUOCHENG SUB-DISTRICT OFFICE, SHOUGUANG F4 262700
Hap Trading, Llc	10 percent owner	395 HUDSON STREET, SUITE 701, NEW YORK NY 10014
Vignolo Biagio M Jr	director	1 WHITEHALL STREET, NEW YORK NY 10004
Richard Khaleel	director	110 RIVERSIDE DRIVE, APT 3E, NEW YORK NY 10024
Shandong Haoyuan Industry Group Ltd	10 percent owner	WO PU TOWN, QING HE OIL EXTRACTION PLANT, 2ND LIVING DISTRICT, SHOUGUANG CITY F4 51800
Wenxiang Yu	10 percent owner	NO. 108 SHENG CHENG ROAD, BUILDING NO. 1, UNIT 3, ROOM 402, SHOUGUANG CITY, SHAN F4 262700