Hubei Hongyu New Packaging Materials Co (BJSE:837174) Cash-to-Debt : 0.54 (As of Jun. 2024)

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What is Hubei Hongyu New Packaging Materials 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. Hubei Hongyu New Packaging Materials Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.54.

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, Hubei Hongyu New Packaging Materials Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Hubei Hongyu New Packaging Materials Co's Cash-to-Debt or its related term are showing as below:

BJSE:837174' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.95 Max: No Debt
Current: 0.54

During the past 11 years, Hubei Hongyu New Packaging Materials Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.95.

BJSE:837174's Cash-to-Debt is ranked better than
56.07% of 387 companies
in the Packaging & Containers industry
Industry Median: 0.39 vs BJSE:837174: 0.54

Hubei Hongyu New Packaging Materials Co Cash-to-Debt Historical Data

The historical data trend for Hubei Hongyu New Packaging Materials 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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Hubei Hongyu New Packaging Materials Co Cash-to-Debt Chart

Hubei Hongyu New Packaging Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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20.90

0.47

0.42

0.29

0.98

Hubei Hongyu New Packaging Materials Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.30	1.00	0.98	0.57	0.54

Competitive Comparison of Hubei Hongyu New Packaging Materials Co's Cash-to-Debt

For the Packaging & Containers subindustry, Hubei Hongyu New Packaging Materials 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.

Hubei Hongyu New Packaging Materials Co's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hubei Hongyu New Packaging Materials Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hubei Hongyu New Packaging Materials Co's Cash-to-Debt falls into.

Hubei Hongyu New Packaging Materials 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.

Hubei Hongyu New Packaging Materials 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)
	=	189.247	/	(168.489	+	25.047)
	=	0.98

Hubei Hongyu New Packaging Materials Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	130.75	/	(236.087	+	4.554)
	=	0.54

Hubei Hongyu New Packaging Materials Co (BJSE:837174) 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.

Hubei Hongyu New Packaging Materials Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hubei Hongyu New Packaging Materials Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hubei Hongyu New Packaging Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hubei Hongyu New Packaging Materials Co Ltd (BJSE:837174) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Juxiang Avenue, Yaqueling Town, Yiling, Hubei, Yichang, CHN, 443113

Website

http://www.hybaocai.com

Hubei Hongyu New Packaging Materials Co Ltd is engaged in research & development, production and sales of color printing composite packaging products, injection molding products and blown film products. The company's leading products include high-barrier aluminum foil packaging, stand-up pouches, penguin pouches, high-temperature retort pouches, condiment anti-media packaging, cold drinks and frozen food packaging, snack food packaging, cup lid series functional packaging, pharmaceutical packaging, daily chemical washing products packaging, Pet food packaging, electronic product packaging, paper-plastic composite packaging, two-dimensional code traceable labels, medical breathable film, infant health packaging materials, food-grade injection molding containers, etc.

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