Xinjiang Xinxin Mining Industry Co (HKSE:03833) Cash-to-Debt : 0.86 (As of Jun. 2024)

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What is Xinjiang Xinxin Mining Industry 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. Xinjiang Xinxin Mining Industry Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.86.

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, Xinjiang Xinxin Mining Industry Co 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 Xinjiang Xinxin Mining Industry Co's Cash-to-Debt or its related term are showing as below:

HKSE:03833' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.24 Max: 0.86
Current: 0.86

During the past 13 years, Xinjiang Xinxin Mining Industry Co's highest Cash to Debt Ratio was 0.86. The lowest was 0.10. And the median was 0.24.

HKSE:03833's Cash-to-Debt is ranked worse than
69.33% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs HKSE:03833: 0.86

Xinjiang Xinxin Mining Industry Co Cash-to-Debt Historical Data

The historical data trend for Xinjiang Xinxin Mining Industry 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.

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Xinjiang Xinxin Mining Industry Co Cash-to-Debt Chart

Xinjiang Xinxin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.15

0.25

0.63

0.64

Xinjiang Xinxin Mining Industry Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	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															0.64	0.63	0.69	0.64	0.86

Competitive Comparison of Xinjiang Xinxin Mining Industry Co's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Xinjiang Xinxin Mining Industry 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.

Xinjiang Xinxin Mining Industry Co's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xinjiang Xinxin Mining Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Xinjiang Xinxin Mining Industry Co's Cash-to-Debt falls into.

Xinjiang Xinxin Mining Industry 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.

Xinjiang Xinxin Mining Industry Co'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)
	=	541.096	/	(225.069	+	616.563)
	=	0.64

Xinjiang Xinxin Mining Industry Co'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)
	=	710.634	/	(379.946	+	446.227)
	=	0.86

Xinjiang Xinxin Mining Industry Co (HKSE:03833) 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.

Xinjiang Xinxin Mining Industry Co Cash-to-Debt Related Terms

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Xinjiang Xinxin Mining Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xinjiang Xinxin Mining Industry Co Ltd (HKSE:03833) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

33X1:Germany

Address

Fusion South Road, No. 501, Cooperation Zone, Economic and Technological, Urumqi, Xinjiang, CHN

Website

http://kunlun.wsfg.hk

Xinjiang Xinxin Mining Industry Co Ltd is a nickel cathode producer. In addition to producing nickel cathode using nickel sulfide resources, the company is engaged in mining, ore processing, smelting and refining operations and sales of nickel, copper and other non-ferrous metals. Its product portfolio includes nickel cathode and copper cathode. It also produces Cobalt products, gold, silver, platinum, and palladium. The majority of the group's revenue is derived from sales of nickel, copper and other non-ferrous metal products in China.

Executives

Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zi Jin Kuang Ye Ji Tuan Sha Men Tou Zi You Xian Gong Si	2101 Beneficial owner

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