China Everbright Environment Group (FRA:CNE) Cash-to-Debt : 0.09 (As of Jun. 2024)

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What is China Everbright Environment Group 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 Everbright Environment Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.09.

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 Everbright Environment Group 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 China Everbright Environment Group's Cash-to-Debt or its related term are showing as below:

FRA:CNE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.22 Max: 0.54
Current: 0.09

During the past 13 years, China Everbright Environment Group's highest Cash to Debt Ratio was 0.54. The lowest was 0.09. And the median was 0.22.

FRA:CNE's Cash-to-Debt is ranked worse than
79.35% of 247 companies
in the Waste Management industry
Industry Median: 0.39 vs FRA:CNE: 0.09

China Everbright Environment Group Cash-to-Debt Historical Data

The historical data trend for China Everbright Environment Group'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 Everbright Environment Group Cash-to-Debt Chart

China Everbright Environment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.15

0.11

0.09

China Everbright Environment Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.11	0.09	0.09	0.09

Competitive Comparison of China Everbright Environment Group's Cash-to-Debt

For the Waste Management subindustry, China Everbright Environment Group'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 Everbright Environment Group's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Everbright Environment Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Everbright Environment Group's Cash-to-Debt falls into.

China Everbright Environment Group 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 Everbright Environment Group'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)
	=	1007.106	/	(2714.486	+	8395.958)
	=	0.09

China Everbright Environment Group'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)
	=	978.383	/	(2164.662	+	9037.397)
	=	0.09

China Everbright Environment Group (FRA:CNE) 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 Everbright Environment Group Cash-to-Debt Related Terms

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China Everbright Environment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Everbright Environment Group Ltd (FRA:CNE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CHFFY:USA CHFFF:USA 00257:Hong Kong

Address

16 Harcourt Road, Room 2703, 27th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.cebenvironment.com

China Everbright Environment Group Ltd engages in construction and operation of environmental energy and water projects such as waste-to-energy plants, food and kitchen waste treatment projects, and sludge treatment and disposal projects. It also provides waste sorting, renewable resources utilization, and sanitation operation services. The company has several segments including Environmental energy project construction and operation, Greentech project construction and operation, Environmental water project construction and operation, and Others. Additionally, it also sells energy-saving streetlights.

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