China Precision Steel (FRA:3CP1) Cash-to-Debt : 0.00 (As of Dec. 2014)

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What is China Precision Steel 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. China Precision Steel's cash to debt ratio for the quarter that ended in Dec. 2014 was 0.00.

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, China Precision Steel couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2014.

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

During the past 13 years, China Precision Steel's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 33.38.

FRA:3CP1's Cash-to-Debt is not ranked ^*
in the Steel industry.
Industry Median: 0.43
* Ranked among companies with meaningful Cash-to-Debt only.

China Precision Steel Cash-to-Debt Historical Data

The historical data trend for China Precision Steel'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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China Precision Steel Cash-to-Debt Chart

China Precision Steel Annual Data

Trend

Dec04

Dec05

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Cash-to-Debt

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0.66

0.06

0.04

0.01

China Precision Steel Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Cash-to-Debt	Get a 7-Day Free Trial															-	0.01	0.01	-	-

Competitive Comparison of China Precision Steel's Cash-to-Debt

For the Steel subindustry, China Precision Steel'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.

China Precision Steel's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Precision Steel's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Precision Steel's Cash-to-Debt falls into.

China Precision Steel 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.

China Precision Steel's Cash to Debt Ratio for the fiscal year that ended in Jun. 2014 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)
	=	0.357	/	(32.335	+	0)
	=	0.01

China Precision Steel's Cash to Debt Ratio for the quarter that ended in Dec. 2014 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)
	=	0.036	/	(35.616	+	0)
	=	0.00

China Precision Steel (FRA:3CP1) 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.

China Precision Steel Cash-to-Debt Related Terms

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China Precision Steel (FRA:3CP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Precision Steel Inc (FRA:3CP1) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.chinaprecisionsteelinc.com

China Precision Steel Inc is a steel processing company. The firm through its subsidiaries manufacture and sell cold rolled precision steel products for applications including automobile components and spare parts, kitchen tools, electrical appliances, roofing and food packaging materials. The company conducts its operations mainly in China.

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