CM Energy Tech Co (HKSE:00206) Cash-to-Debt : 1.42 (As of Dec. 2023)

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What is CM Energy 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. CM Energy Tech Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.42.

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, CM Energy Tech Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for CM Energy Tech Co's Cash-to-Debt or its related term are showing as below:

HKSE:00206' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 1.02 Max: 2.67
Current: 1.42

During the past 13 years, CM Energy Tech Co's highest Cash to Debt Ratio was 2.67. The lowest was 0.20. And the median was 1.02.

HKSE:00206's Cash-to-Debt is ranked better than
65.66% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.47 vs HKSE:00206: 1.42

CM Energy Tech Co Cash-to-Debt Historical Data

The historical data trend for CM Energy 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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CM Energy Tech Co Cash-to-Debt Chart

CM Energy Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.67

0.91

1.62

1.54

1.42

CM Energy Tech Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.62	2.12	1.54	1.47	1.42

Competitive Comparison of CM Energy Tech Co's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, CM Energy 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.

CM Energy Tech Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CM Energy Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CM Energy Tech Co's Cash-to-Debt falls into.

CM Energy 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.

CM Energy 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)
	=	572.974	/	(232.006	+	172.878)
	=	1.42

CM Energy Tech Co's Cash to Debt Ratio for the quarter 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)
	=	572.974	/	(232.006	+	172.878)
	=	1.42

CM Energy Tech Co (HKSE:00206) 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.

CM Energy Tech Co Cash-to-Debt Related Terms

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

CM Energy Tech Co (HKSE:00206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CM Energy Tech Co Ltd (HKSE:00206) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51 Kwai Cheong Road, Room A, 31st Floor, Tower 2, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.cm-energy.com

CM Energy Tech Co Ltd's primary business is offshore wind power installation, core equipment technology, products and services in the green and clean energy and oil and gas exploration industries, and offshore engineering asset management business.

Executives

Zhao Shang Ju Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
China Merchants & Great Wall Ocean Strategy & Technology Fund (l.p.)	2201 Interest of corporation controlled by you
China Merchants Great-wall Gp Limited	2201 Interest of corporation controlled by you
Prime Force Investment Corporation	2101 Beneficial owner
China International Marine Containers (group) Co., Ltd.	2201 Interest of corporation controlled by you
China International Marine Containers (hong Kong) Limited	2101 Beneficial owner
China State Shipbuilding Corporation Limited	2201 Interest of corporation controlled by you
Cssc Huangpu Wenchong Shipbuilding Company Limited	2201 Interest of corporation controlled by you
Cssc Offshore & Marine Engineering (group) Company Limited	2201 Interest of corporation controlled by you
Wah Shun International Marine Limited	2101 Beneficial owner
Minyun Limited	2201 Interest of corporation controlled by you
Chen Fengying	2202 Interest of your spouse
Zhang Jiuli	2202 Interest of your spouse
Zhang Menggui	2201 Interest of corporation controlled by you
Jiang Bing Hua	2201 Interest of corporation controlled by you

CM Energy Tech Co (HKSE:00206) Headlines

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