ShanDong Inov Polyurethane Co (BJSE:834261) Cash-to-Debt : 6.52 (As of Mar. 2025)

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What is ShanDong Inov Polyurethane 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 Inov Polyurethane Co's cash to debt ratio for the quarter that ended in Mar. 2025 was 6.52.

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 Inov Polyurethane Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

The historical rank and industry rank for ShanDong Inov Polyurethane Co's Cash-to-Debt or its related term are showing as below:

BJSE:834261' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 1.08 Max: 11.74
Current: 6.52

During the past 12 years, ShanDong Inov Polyurethane Co's highest Cash to Debt Ratio was 11.74. The lowest was 0.24. And the median was 1.08.

BJSE:834261's Cash-to-Debt is ranked better than
79.51% of 1552 companies
in the Chemicals industry
Industry Median: 0.71 vs BJSE:834261: 6.52

ShanDong Inov Polyurethane Co Cash-to-Debt Historical Data

The historical data trend for ShanDong Inov Polyurethane 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 Inov Polyurethane Co Cash-to-Debt Chart

ShanDong Inov Polyurethane Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.72

1.85

3.12

5.90

11.74

ShanDong Inov Polyurethane Co Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial															4.77	4.86	7.46	11.74	6.52

Competitive Comparison of ShanDong Inov Polyurethane Co's Cash-to-Debt

For the Specialty Chemicals subindustry, ShanDong Inov Polyurethane 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 Inov Polyurethane Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ShanDong Inov Polyurethane Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ShanDong Inov Polyurethane Co's Cash-to-Debt falls into.

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ShanDong Inov Polyurethane 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 Inov Polyurethane Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	470.076	/	(40.035	+	0)
	=	11.74

ShanDong Inov Polyurethane Co's Cash to Debt Ratio for the quarter that ended in Mar. 2025 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)
	=	254.516	/	(39.04	+	0)
	=	6.52

ShanDong Inov Polyurethane Co (BJSE:834261) 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 Inov Polyurethane Co Cash-to-Debt Related Terms

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

ShanDong Inov Polyurethane Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ShanDong Inov Polyurethane Co Ltd (BJSE:834261) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5577 Baoshan Road, High-tech Zone, Shandong Province, Zibo City, CHN, 255000

Website

http://www.inovpu.com

ShanDong Inov Polyurethane Co Ltd engages in research and development, production, and sales of polyurethane raw materials and other downstream derivatives of EO and PO, and undertakes the construction of sports venues such as plastic tracks. Its product portfolio consists of Casting Polyurethane Prepolymer, Thermoplastic Polyurethane granules, PU flooring material, HR Foam system materials, Polyurethane foam system for footwear, Polyol, and Modified MDI.

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