Sanergy Group (HKSE:02459) Cash-to-Debt : 0.81 (As of Jun. 2024)

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What is Sanergy 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. Sanergy Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.81.

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, Sanergy Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:02459' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 0.81 Max: 1.55
Current: 0.35

During the past 7 years, Sanergy Group's highest Cash to Debt Ratio was 1.55. The lowest was 0.35. And the median was 0.81.

HKSE:02459's Cash-to-Debt is ranked worse than
53.67% of 626 companies
in the Steel industry
Industry Median: 0.4 vs HKSE:02459: 0.35

Sanergy Group Cash-to-Debt Historical Data

The historical data trend for Sanergy 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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Sanergy Group Cash-to-Debt Chart

Sanergy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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1.47

0.72

0.36

0.78

0.35

Sanergy Group Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial						0.36	0.90	0.78	0.81	0.35

Competitive Comparison of Sanergy Group's Cash-to-Debt

For the Steel subindustry, Sanergy 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.

Sanergy Group's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Sanergy Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sanergy Group's Cash-to-Debt falls into.

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Sanergy 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.

Sanergy 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)
	=	243.353	/	(272.867	+	38.073)
	=	0.78

Sanergy Group's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	186.026	/	(203.443	+	27.421)
	=	0.81

Sanergy Group (HKSE:02459) 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.

Sanergy Group Cash-to-Debt Related Terms

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Sanergy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sanergy Group Ltd (HKSE:02459) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, China Resources Building, Room 2602, 26th Floor, Wanchai, Hong Kong, HKG

Website

http://www.sanergygroup.com

Sanergy Group Ltd is a manufacturer of UHP graphite electrodes. The company sells the products to automotive, infrastructure, construction, appliance, machinery, equipment, and transportation industries. Geographically, the company operates in the Americas, Europe, the Middle East and Africa, the People's Republic of China, and Asia Pacific excluding the PRC.

Executives

Otautahi Capital Inc.	2101 Beneficial owner
Otautahi Enterprises Trust Company Limited	2301 Trustee
Otautahi Holdings Limited	2201 Interest of corporation controlled by you
Hou Haolong	2501 Other

Sanergy Group Headlines

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