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Fujian Qingshan Paper Industry Co (SHSE:600103) Cash-to-Debt : 2.49 (As of Mar. 2024)


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What is Fujian Qingshan Paper 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. Fujian Qingshan Paper Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.49.

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, Fujian Qingshan Paper Industry Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Fujian Qingshan Paper Industry Co's Cash-to-Debt or its related term are showing as below:

SHSE:600103' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16   Med: 2.32   Max: 4.51
Current: 2.49

During the past 13 years, Fujian Qingshan Paper Industry Co's highest Cash to Debt Ratio was 4.51. The lowest was 0.16. And the median was 2.32.

SHSE:600103's Cash-to-Debt is ranked better than
79.3% of 285 companies
in the Forest Products industry
Industry Median: 0.32 vs SHSE:600103: 2.49

Fujian Qingshan Paper Industry Co Cash-to-Debt Historical Data

The historical data trend for Fujian Qingshan Paper 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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Fujian Qingshan Paper Industry Co Cash-to-Debt Chart

Fujian Qingshan Paper Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.45 2.24 3.31 3.80 2.72

Fujian Qingshan Paper Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.61 3.07 2.84 2.72 2.49

Competitive Comparison of Fujian Qingshan Paper Industry Co's Cash-to-Debt

For the Paper & Paper Products subindustry, Fujian Qingshan Paper 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.


Fujian Qingshan Paper Industry Co's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fujian Qingshan Paper Industry Co's Cash-to-Debt falls into.



Fujian Qingshan Paper 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.

Fujian Qingshan Paper Industry Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Fujian Qingshan Paper Industry Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Fujian Qingshan Paper Industry Co  (SHSE:600103) 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.


Fujian Qingshan Paper Industry Co Cash-to-Debt Related Terms

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Fujian Qingshan Paper Industry Co (SHSE:600103) Business Description

Traded in Other Exchanges
N/A
Address
Junzhu Road, Mawei Economic and Technology Development Zone, Fuzhou, Fujian, CHN, 365506
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.

Fujian Qingshan Paper Industry Co (SHSE:600103) Headlines

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