China Suntien Green Energy (HKSE:00956) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is China Suntien Green Energy 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 Suntien Green Energy's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

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 Suntien Green Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

HKSE:00956' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.11 Max: 0.38
Current: 0.1

During the past 13 years, China Suntien Green Energy's highest Cash to Debt Ratio was 0.38. The lowest was 0.06. And the median was 0.11.

HKSE:00956's Cash-to-Debt is ranked worse than
70.02% of 507 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs HKSE:00956: 0.10

China Suntien Green Energy Cash-to-Debt Historical Data

The historical data trend for China Suntien Green Energy'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 Suntien Green Energy Cash-to-Debt Chart

China Suntien Green Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.06

0.20

0.19

0.09

China Suntien Green Energy Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.09	0.11	0.09	0.10

Competitive Comparison of China Suntien Green Energy's Cash-to-Debt

For the Utilities - Diversified subindustry, China Suntien Green Energy'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 Suntien Green Energy's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Suntien Green Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Suntien Green Energy's Cash-to-Debt falls into.

China Suntien Green Energy 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 Suntien Green Energy'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)
	=	4156.418	/	(8633.378	+	36260.559)
	=	0.09

China Suntien Green Energy'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)
	=	4111.228	/	(2177.257	+	37822.542)
	=	0.10

China Suntien Green Energy (HKSE:00956) 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 Suntien Green Energy Cash-to-Debt Related Terms

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

China Suntien Green Energy (HKSE:00956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Suntien Green Energy Corp Ltd (HKSE:00956) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9C6:Germany 600956:China

Address

No. 9 Yuhua West Road, 9th Floor, Block A, Yuyuan Plaza, Qiaoxi District, Hebei Province, Shijiazhuang, CHN, 050001

Website

http://www.suntien.com

China Suntien Green Energy is engaged in the wind power, photovoltaic, and natural gas businesses. The natural gas segment is involved in the sales of natural gas and gas appliances, and the provision of construction and connection services of natural gas pipelines. The wind and solar energy segment sells electricity to external grid companies by operating wind farms and solar energy plants. In 2022, the firm's natural gas transmission volume was 4,501 million cubic meters, while sales volume of electricity was 13.87 billion kilowatt-hours. As of end-2022, the firm had consolidated renewable energy (wind and solar) installed capacity of 5.94 gigawatts.

Executives

Brown Brothers Harriman & Co.	2502 Approved lending agent
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Citigroup Inc.	2502 Approved lending agent
Gic Private Limited	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you

China Suntien Green Energy (HKSE:00956) Headlines

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