Tiande Chemical Holdings (HKSE:00609) Cash-to-Debt : 10.62 (As of Jun. 2024)

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What is Tiande Chemical Holdings 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. Tiande Chemical Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 10.62.

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, Tiande Chemical Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(1) 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.

The historical rank and industry rank for Tiande Chemical Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00609' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 1.84 Max: No Debt
Current: 3.87

During the past 13 years, Tiande Chemical Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.34. And the median was 1.84.

HKSE:00609's Cash-to-Debt is ranked better than
74.56% of 1549 companies
in the Chemicals industry
Industry Median: 0.7 vs HKSE:00609: 3.87

Tiande Chemical Holdings Cash-to-Debt Historical Data

The historical data trend for Tiande Chemical Holdings'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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Tiande Chemical Holdings Cash-to-Debt Chart

Tiande Chemical Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.58

1.46

10.76

No Debt

3.87

Tiande Chemical Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															10.76	43.78	No Debt	10.62	3.87

Competitive Comparison of Tiande Chemical Holdings's Cash-to-Debt

For the Chemicals subindustry, Tiande Chemical Holdings'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.

Tiande Chemical Holdings's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tiande Chemical Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tiande Chemical Holdings's Cash-to-Debt falls into.

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Tiande Chemical Holdings 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.

Tiande Chemical Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Tiande Chemical Holdings had no debt ⁽¹⁾.

Tiande Chemical Holdings'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)
	=	754.732	/	(71.052	+	0)
	=	10.62

Tiande Chemical Holdings (HKSE:00609) 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.

Tiande Chemical Holdings Cash-to-Debt Related Terms

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Tiande Chemical Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tiande Chemical Holdings Ltd (HKSE:00609) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 3877 Wolong East Street, Weifang High Tech Industry Development Zone, Shandong Province, Weifang, CHN, 261061

Website

http://www.tdchem.com

Tiande Chemical Holdings Ltd, through its subsidiaries is an investment holding company whose principal business includes research and development, manufacture, and sales of chemical products. Its product offering includes Cyanoacrylate monomer, Malonate series, Edta series and Cyanoacetate series of products. The group derives revenue from the sales made in the PRC, India, U.S., Taiwan, U.K and Other countries, of which prime revenue is derived from the PRC.

Executives

Liu Yang	2101 Beneficial owner
Cheerhill Group Limited	2101 Beneficial owner
Wang Zijiang	2101 Beneficial owner
Sun Jianhua	2101 Beneficial owner
Zheng Hong	2101 Beneficial owner
Gao Feng	2202 Interest of your spouse

Tiande Chemical Holdings Headlines

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