CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Cash-to-Debt : 2.49 (As of Mar. 2024)

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What is CSSC Offshore & Marine Engineering (Group) 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. CSSC Offshore & Marine Engineering (Group) Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.49.

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, CSSC Offshore & Marine Engineering (Group) Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for CSSC Offshore & Marine Engineering (Group) Co's Cash-to-Debt or its related term are showing as below:

FRA:GSZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 0.97 Max: 3.11
Current: 2.49

During the past 13 years, CSSC Offshore & Marine Engineering (Group) Co's highest Cash to Debt Ratio was 3.11. The lowest was 0.38. And the median was 0.97.

FRA:GSZ's Cash-to-Debt is ranked better than
71.84% of 309 companies
in the Aerospace & Defense industry
Industry Median: 0.69 vs FRA:GSZ: 2.49

CSSC Offshore & Marine Engineering (Group) Co Cash-to-Debt Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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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CSSC Offshore & Marine Engineering (Group) Co Cash-to-Debt Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.99

1.37

2.06

2.22

3.11

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.47	2.17	2.43	3.11	2.49

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Cash-to-Debt

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Cash-to-Debt falls into.

CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) 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)
	=	2110.317	/	(236.862	+	441.204)
	=	3.11

CSSC Offshore & Marine Engineering (Group) Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1638.823	/	(219.681	+	437.394)
	=	2.49

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) 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.

CSSC Offshore & Marine Engineering (Group) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CSSC Offshore & Marine Engineering (Group) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (FRA:GSZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong 600685:China

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Headlines

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