Shandong Molong Petroleum Machinery Co (SZSE:002490) Cash-to-Debt : 0.06 (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery 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 Molong Petroleum Machinery Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

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, Shandong Molong Petroleum Machinery Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Shandong Molong Petroleum Machinery Co's Cash-to-Debt or its related term are showing as below:

SZSE:002490' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 0.33
Current: 0.06

During the past 13 years, Shandong Molong Petroleum Machinery Co's highest Cash to Debt Ratio was 0.33. The lowest was 0.06. And the median was 0.25.

SZSE:002490's Cash-to-Debt is ranked worse than
86.35% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs SZSE:002490: 0.06

Shandong Molong Petroleum Machinery Co Cash-to-Debt Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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 Molong Petroleum Machinery Co Cash-to-Debt Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.33

0.23

0.06

Shandong Molong Petroleum Machinery 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															0.26	0.22	0.10	0.06	N/A

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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 Molong Petroleum Machinery Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Cash-to-Debt falls into.

Shandong Molong Petroleum Machinery 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 Molong Petroleum Machinery 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)
	=	99.073	/	(1633.111	+	14.616)
	=	0.06

Shandong Molong Petroleum Machinery Co's Cash to Debt Ratio for the quarter 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)
	=	99.073	/	(1633.111	+	14.616)
	=	0.06

Shandong Molong Petroleum Machinery Co (SZSE:002490) 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 Molong Petroleum Machinery Co Cash-to-Debt Related Terms

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

Shandong Molong Petroleum Machinery Co (SZSE:002490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (SZSE:002490) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

SHANY:USA SHANF:USA 00568:Hong Kong

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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