Changzhou Ruihua Chemical Eng and Tech Co (BJSE:920099) Cash-to-Debt : 4.04 (As of Sep. 2024)

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What is Changzhou Ruihua Chemical Eng and Tech 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. Changzhou Ruihua Chemical Eng and Tech Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 4.04.

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, Changzhou Ruihua Chemical Eng and Tech Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Changzhou Ruihua Chemical Eng and Tech Co's Cash-to-Debt or its related term are showing as below:

BJSE:920099' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: 3.06 Max: No Debt
Current: 4.04

During the past 8 years, Changzhou Ruihua Chemical Eng and Tech Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.75. And the median was 3.06.

BJSE:920099's Cash-to-Debt is ranked better than
69.26% of 1054 companies
in the Business Services industry
Industry Median: 1.08 vs BJSE:920099: 4.04

Changzhou Ruihua Chemical Eng and Tech Co Cash-to-Debt Historical Data

The historical data trend for Changzhou Ruihua Chemical Eng and Tech 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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Changzhou Ruihua Chemical Eng and Tech Co Cash-to-Debt Chart

Changzhou Ruihua Chemical Eng and Tech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.85

4.66

3.70

4.30

3.15

Changzhou Ruihua Chemical Eng and Tech Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															2.85	3.15	2.05	2.52	4.04

Competitive Comparison of Changzhou Ruihua Chemical Eng and Tech Co's Cash-to-Debt

For the Specialty Business Services subindustry, Changzhou Ruihua Chemical Eng and Tech 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.

Changzhou Ruihua Chemical Eng and Tech Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Changzhou Ruihua Chemical Eng and Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Changzhou Ruihua Chemical Eng and Tech Co's Cash-to-Debt falls into.

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Changzhou Ruihua Chemical Eng and Tech 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.

Changzhou Ruihua Chemical Eng and Tech 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)
	=	244.612	/	(67.632	+	10.151)
	=	3.14

Changzhou Ruihua Chemical Eng and Tech Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	707.427	/	(75.109	+	99.806)
	=	4.04

Changzhou Ruihua Chemical Eng and Tech Co (BJSE:920099) 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.

Changzhou Ruihua Chemical Eng and Tech Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Changzhou Ruihua Chemical Eng and Tech Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Changzhou Ruihua Chemical Eng and Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Changzhou Ruihua Chemical Eng and Tech Co Ltd (BJSE:920099) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Chuangyan Port, 5th Floor, Science and Education City, Wujin District, Jiangsu Province, Changzhou, CHN, 213164

Website

https://www.ruihuaeng.com

Changzhou Ruihua Chemical Eng and Tech Co Ltd is mainly engaged in engineering and technical services in the petrochemical field. It Provides petrochemical enterprises with a complete set of comprehensive technical solutions based on chemical process package technology.

Changzhou Ruihua Chemical Eng and Tech Co Headlines

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