Weigang Environmental Technology Holding Group (HKSE:01845) Cash-to-Debt : 1.70 (As of Dec. 2023)

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What is Weigang Environmental Technology Holding Group 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. Weigang Environmental Technology Holding Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.70.

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, Weigang Environmental Technology Holding Group 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 Weigang Environmental Technology Holding Group's Cash-to-Debt or its related term are showing as below:

HKSE:01845' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.3 Med: 2.34 Max: No Debt
Current: 1.7

During the past 9 years, Weigang Environmental Technology Holding Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.30. And the median was 2.34.

HKSE:01845's Cash-to-Debt is ranked better than
74.38% of 242 companies
in the Waste Management industry
Industry Median: 0.365 vs HKSE:01845: 1.70

Weigang Environmental Technology Holding Group Cash-to-Debt Historical Data

The historical data trend for Weigang Environmental Technology Holding Group'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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Weigang Environmental Technology Holding Group Cash-to-Debt Chart

Weigang Environmental Technology Holding Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.26

1.46

1.44

1.30

1.70

Weigang Environmental Technology Holding Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial												1.80	1.30	1.22	1.70	N/A

Competitive Comparison of Weigang Environmental Technology Holding Group's Cash-to-Debt

For the Waste Management subindustry, Weigang Environmental Technology Holding Group'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.

Weigang Environmental Technology Holding Group's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Weigang Environmental Technology Holding Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Weigang Environmental Technology Holding Group's Cash-to-Debt falls into.

Weigang Environmental Technology Holding Group 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.

Weigang Environmental Technology Holding Group'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)
	=	80.519	/	(39.705	+	7.743)
	=	1.70

Weigang Environmental Technology Holding Group'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)
	=	80.519	/	(39.705	+	7.743)
	=	1.70

Weigang Environmental Technology Holding Group (HKSE:01845) 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.

Weigang Environmental Technology Holding Group Cash-to-Debt Related Terms

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Weigang Environmental Technology Holding Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Weigang Environmental Technology Holding Group Ltd (HKSE:01845) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 181 Science Boulevard, 14-15 Floor, Block A4, Guangdong Province, Guangzhou, CHN

Website

http://www.gzweigang.com

Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China. The company focuses on the research, design, integration, and commissioning of solid waste treatment systems, for hazardous waste incineration. It has registered patents and has pending registration in the PRC relating to hazardous waste incineration technologies and also owns registered software copyrights in the PRC relating to the monitoring and control of hazardous waste incineration systems. The operating segments of the group are hazardous waste incineration solutions, oilfield auxiliary services and thermal desorption of oil sludge, cement plant parallel kiln cotreatment services and pyrolysis solid waste treatment solutions.

Executives

Zhang Weiyang	2201 Interest of corporation controlled by you
Weigang Green Technology Limited	2201 Interest of corporation controlled by you
Weigang Technology Limited	2101 Beneficial owner
Zhou Wenying	2202 Interest of your spouse
Dhw Holdings Limited	2101 Beneficial owner
Cai Zhuhua	2201 Interest of corporation controlled by you
Huang Ying	2202 Interest of your spouse

Weigang Environmental Technology Holding Group Headlines

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