JG Environmental Technology Co (ROCO:6723) Cash-to-Debt : 1.00 (As of Dec. 2023)

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What is JG Environmental Technology 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. JG Environmental Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.00.

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, JG Environmental Technology Co 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 JG Environmental Technology Co's Cash-to-Debt or its related term are showing as below:

ROCO:6723' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.95 Max: 1.75
Current: 1

During the past 9 years, JG Environmental Technology Co's highest Cash to Debt Ratio was 1.75. The lowest was 0.40. And the median was 0.95.

ROCO:6723's Cash-to-Debt is ranked worse than
53.49% of 3006 companies
in the Industrial Products industry
Industry Median: 1.23 vs ROCO:6723: 1.00

JG Environmental Technology Co Cash-to-Debt Historical Data

The historical data trend for JG Environmental Technology 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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JG Environmental Technology Co Cash-to-Debt Chart

JG Environmental Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.95

1.75

1.02

0.84

1.00

JG Environmental Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											1.02	0.76	0.84	0.55	1.00

Competitive Comparison of JG Environmental Technology Co's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, JG Environmental Technology 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.

JG Environmental Technology Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JG Environmental Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where JG Environmental Technology Co's Cash-to-Debt falls into.

JG Environmental Technology 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.

JG Environmental Technology 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)
	=	99.552	/	(46.513	+	52.764)
	=	1.00

JG Environmental Technology Co'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)
	=	99.552	/	(46.513	+	52.764)
	=	1.00

JG Environmental Technology Co (ROCO:6723) 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.

JG Environmental Technology Co Cash-to-Debt Related Terms

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JG Environmental Technology Co (ROCO:6723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JG Environmental Technology Co (ROCO:6723) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 461, Zhongfeng Road, 10th Floor, No. 180, Longtan District, Taoyuan City, TWN

Website

https://www.jgok.net

JG Environmental Technology Co is engaged in designing, manufacturing and installation of air pollution and energy recovery equipment and systems. The company's products include ESCO environmental protection system and equipment, Gaseous pollutant purification and deodorization equipment, Acid gas and particle removal equipment, and VOCs exhaust gas treatment system among others.

JG Environmental Technology Co (ROCO:6723) Headlines

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