Tianjin Tianbao Energy Co (HKSE:01671) Cash-to-Debt : 0.29 (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Tianjin Tianbao Energy 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. Tianjin Tianbao Energy Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.29.

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, Tianjin Tianbao Energy Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

HKSE:01671' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 2.43 Max: No Debt
Current: 0.32

During the past 9 years, Tianjin Tianbao Energy Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was 2.43.

HKSE:01671's Cash-to-Debt is ranked better than
59.02% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.22 vs HKSE:01671: 0.32

Tianjin Tianbao Energy Co Cash-to-Debt Historical Data

The historical data trend for Tianjin Tianbao Energy 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.

* Premium members only.

Tianjin Tianbao Energy Co Cash-to-Debt Chart

Tianjin Tianbao Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1,018.84

0.65

0.62

0.47

0.32

Tianjin Tianbao Energy Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.62	0.45	0.47	0.29	0.32

Competitive Comparison of Tianjin Tianbao Energy Co's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Tianjin Tianbao Energy 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.

Tianjin Tianbao Energy Co's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tianjin Tianbao Energy Co's Cash-to-Debt distribution charts can be found below:

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

Tianjin Tianbao Energy 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.

Tianjin Tianbao Energy Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	171.208	/	(253.377	+	113.912)
	=	0.47

Tianjin Tianbao Energy Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	134.211	/	(278.835	+	189.05)
	=	0.29

Tianjin Tianbao Energy Co (HKSE:01671) 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.

Tianjin Tianbao Energy Co Cash-to-Debt Related Terms

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

Tianjin Tianbao Energy Co (HKSE:01671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tianjin Tianbao Energy Co Ltd (HKSE:01671) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No.35, Haibin 8th Road, Tianjin Port Free Trade Zone, Tianjin, CHN, 300461

Website

https://www.tjtbny.com

Tianjin Tianbao Energy Co Ltd is a power operator in the Tianjin Port Free Trade Zone (Seaport and Lingang). The company is engaged in the cogeneration of steam, together with electricity, heating and cooling. The company's operations comprise i) power generation and supply; ii) electricity dispatch and sale; iii) development and operation of distributed photovoltaic power generation stations and iv) contractual energy management, energy conservation management services, vehicle charging sales, electric vehicle charging infrastructure operation, and wind power generation technology services. Its operating segments include Electricity dispatch and sale business, Power generation and supply business, and Others. It derives revenue from Power generation and supply business.

Tianjin Tianbao Energy Co (HKSE:01671) Headlines

No Headlines