China New Energy (HKSE:01156) Cash-to-Debt : 0.16 (As of Dec. 2023)

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What is China New 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 New Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.16.

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 New Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:01156' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.98 Max: No Debt
Current: 0.16

During the past 13 years, China New Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.98.

HKSE:01156's Cash-to-Debt is ranked worse than
74.36% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.47 vs HKSE:01156: 0.16

China New Energy Cash-to-Debt Historical Data

The historical data trend for China New 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 New Energy Cash-to-Debt Chart

China New Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.70

1.58

0.20

0.06

0.16

China New Energy 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															0.20	0.09	0.06	0.10	0.16

Competitive Comparison of China New Energy's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, China New 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 New Energy's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

China New 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 New 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)
	=	5.659	/	(22.988	+	12.485)
	=	0.16

China New Energy'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)
	=	5.659	/	(22.988	+	12.485)
	=	0.16

China New Energy (HKSE:01156) 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 New Energy Cash-to-Debt Related Terms

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

China New Energy (HKSE:01156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China New Energy Ltd (HKSE:01156) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9H5:Germany

Address

No. 80, Lanyue Road, Unit 210, 2nd Floor, Science City, Comprehensive Service Building Science & Technology Innovation Base, Guangzhou High-tech Industrial Development Zone,, Guangzhou, CHN, 510640

Website

https://www.zkty.com.cn

China New Energy Ltd is a provider of bioenergy technology solutions. The Group is engaged in the provision of ethanol production system technology integrated services in the ethanol fuel and alcoholic beverage industries The company offers technology services to two industries: Ethanol fuel construction services and Alcoholic beverage construction services. It generates maximum revenue from the Ethanol fuel construction services streams. Geographically, it derives a majority of revenue from the PRC and also has a presence in Canada, Russia, Thailand, and Myanmar.

Executives

Best Full Investments Limited	2101 Beneficial owner
Han Jing	2202 Interest of your spouse
Liang Hongtao	2201 Interest of corporation controlled by you
Tang Zhaoxing	2201 Interest of corporation controlled by you
Zeng Fanghua	2202 Interest of your spouse
Tonzest Capital Holding Limited	2101 Beneficial owner
Tan Fengqiao	2202 Interest of your spouse
Yu Weijun	2101 Beneficial owner
Tewin Capital Holding Limited	2101 Beneficial owner
Chen Wan Ling	2201 Interest of corporation controlled by you
Kapok Capital Management Limited	2101 Beneficial owner
Jiang Xinchun	2101 Beneficial owner
Wang Yan	2202 Interest of your spouse
Jojo Global Investment Limited	2101 Beneficial owner

China New Energy (HKSE:01156) Headlines

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