Jiangsu Innovative Ecological New Materials (HKSE:02116) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Jiangsu Innovative Ecological New Materials 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. Jiangsu Innovative Ecological New Materials's cash to debt ratio for the quarter that ended in Dec. 2024 was No Debt ⁽¹⁾.

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, Jiangsu Innovative Ecological New Materials could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

(1) 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.

The historical rank and industry rank for Jiangsu Innovative Ecological New Materials's Cash-to-Debt or its related term are showing as below:

HKSE:02116' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.44 Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, Jiangsu Innovative Ecological New Materials's highest Cash to Debt Ratio was No Debt. The lowest was 1.44. And the median was No Debt.

HKSE:02116's Cash-to-Debt is ranked better than
99.61% of 1552 companies
in the Chemicals industry
Industry Median: 0.71 vs HKSE:02116: No Debt

Jiangsu Innovative Ecological New Materials Cash-to-Debt Historical Data

The historical data trend for Jiangsu Innovative Ecological New Materials'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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Jiangsu Innovative Ecological New Materials Cash-to-Debt Chart

Jiangsu Innovative Ecological New Materials Annual Data

Trend

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Dec24

Cash-to-Debt

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No Debt

Jiangsu Innovative Ecological New Materials Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial														No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Jiangsu Innovative Ecological New Materials's Cash-to-Debt

For the Specialty Chemicals subindustry, Jiangsu Innovative Ecological New Materials'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.

Jiangsu Innovative Ecological New Materials's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Innovative Ecological New Materials's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu Innovative Ecological New Materials's Cash-to-Debt falls into.

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Jiangsu Innovative Ecological New Materials 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.

Jiangsu Innovative Ecological New Materials's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Jiangsu Innovative Ecological New Materials had no debt ⁽¹⁾.

Jiangsu Innovative Ecological New Materials's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Jiangsu Innovative Ecological New Materials had no debt ⁽¹⁾.

Jiangsu Innovative Ecological New Materials (HKSE:02116) 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.

Jiangsu Innovative Ecological New Materials Cash-to-Debt Related Terms

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Jiangsu Innovative Ecological New Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Innovative Ecological New Materials Ltd (HKSE:02116) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 West Kaixuan Road, Economic Development Zone, Jiangsu, Yixing, CHN

Website

https://www.jscxsh.cn

Jiangsu Innovative Ecological New Materials Ltd manufactures additives. The firm produces refining additives, oil additives, and other products. It offers and generates revenue from oil refining agents and fuel additives with desulfurizing agents, lubricity improvers, and metal passivation. The majority of the firm's revenue is generated from the sales of oil refining agents from Mainland China.

Executives

Ge Xiaojun	2202 Interest of your spouse
Gu Jufang	2201 Interest of corporation controlled by you
Innovative Green Holdings Limited	2101 Beneficial owner

Jiangsu Innovative Ecological New Materials Headlines

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Jiangsu Innovative Ecological New Materials (HKSE:02116) Cash-to-Debt : No Debt (1) (As of Dec. 2024)