Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Chu Kong Petroleum and Natural Gas Steel Pipe 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. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01938' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.11
Current: 0.02

During the past 13 years, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's highest Cash to Debt Ratio was 0.11. The lowest was 0.01. And the median was 0.01.

HKSE:01938's Cash-to-Debt is ranked worse than
94.96% of 615 companies
in the Steel industry
Industry Median: 0.42 vs HKSE:01938: 0.02

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Cash-to-Debt Historical Data

The historical data trend for Chu Kong Petroleum and Natural Gas Steel Pipe 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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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Cash-to-Debt Chart

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.02

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings 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															0.01	0.01	0.01	0.05	0.02

Competitive Comparison of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cash-to-Debt

For the Steel subindustry, Chu Kong Petroleum and Natural Gas Steel Pipe 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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cash-to-Debt falls into.

Chu Kong Petroleum and Natural Gas Steel Pipe 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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings'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)
	=	35.21	/	(1835.949	+	168.241)
	=	0.02

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings'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)
	=	35.21	/	(1835.949	+	168.241)
	=	0.02

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) 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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd (HKSE:01938) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 3-5 Golden Dragon City, Yayun Avenue, Panyu District, Guangdong Province, Guangzhou, CHN, 511450

Website

http://www.pck.com.cn

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd operates in the steel pipe business. The group is involved in its key revenue-generating business which is to manufacture and sell welded steel pipes and the provision of related manufacturing services. The group's steel pipes are mainly used for energy transmission including oil and gas transmission pipelines, deep-sea pipelines, city gas networks, petrochemicals, mining, infrastructure construction, offshore engineering, steel structures, and water utilities industries. Further, it is also involved in the development of properties for sale; and property investment activities. The group has a business presence in Mainland China and other countries, of which maximum revenue is derived from Mainland China.

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