Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Cash-to-Debt : 0.88 (As of Mar. 2024)

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What is Shandong Huatai Paper Industry Shareholding 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. Shandong Huatai Paper Industry Shareholding Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.88.

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, Shandong Huatai Paper Industry Shareholding Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SHSE:600308' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.47 Max: 1.33
Current: 0.88

During the past 13 years, Shandong Huatai Paper Industry Shareholding Co's highest Cash to Debt Ratio was 1.33. The lowest was 0.20. And the median was 0.47.

SHSE:600308's Cash-to-Debt is ranked better than
66.9% of 284 companies
in the Forest Products industry
Industry Median: 0.325 vs SHSE:600308: 0.88

Shandong Huatai Paper Industry Shareholding Co Cash-to-Debt Historical Data

The historical data trend for Shandong Huatai Paper Industry Shareholding 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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Shandong Huatai Paper Industry Shareholding Co Cash-to-Debt Chart

Shandong Huatai Paper Industry Shareholding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.61

0.90

1.32

0.98

0.82

Shandong Huatai Paper Industry Shareholding 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															0.99	0.81	0.85	0.82	0.88

Competitive Comparison of Shandong Huatai Paper Industry Shareholding Co's Cash-to-Debt

For the Paper & Paper Products subindustry, Shandong Huatai Paper Industry Shareholding 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.

Shandong Huatai Paper Industry Shareholding Co's Cash-to-Debt Distribution in the Forest Products Industry

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

* The bar in red indicates where Shandong Huatai Paper Industry Shareholding Co's Cash-to-Debt falls into.

Shandong Huatai Paper Industry Shareholding 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.

Shandong Huatai Paper Industry Shareholding 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)
	=	2048.53	/	(2000.093	+	501.104)
	=	0.82

Shandong Huatai Paper Industry Shareholding Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	2309.96	/	(1754.867	+	884.068)
	=	0.88

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) 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.

Shandong Huatai Paper Industry Shareholding Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shandong Huatai Paper Industry Shareholding Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Huatai Paper Industry Shareholding Co Ltd (SHSE:600308) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Dawang Town, Guangrao County, Shandong Province, Dongying, CHN, 257335

Website

http://www.huataipaper.com

Shandong Huatai Paper Industry Shareholding Co Ltd is engaged in the manufacture and distribution of paper products and related chemical products. The groups main products are high-grade newspaper, high-grade coated paper, double adhesive tape, light adhesive tape, new textbook paper, super pressure More than 100 kinds of papers such as glossy paper, electrostatic copy paper and household paper, and more than 20 kinds of chemical products such as liquid chlorine, caustic soda and hydrogen peroxide. Geographically it operates through the region of China.

Executives

Sun Ya Jun	senior management
Wei Wen Guang	Director
Chi Yu Xiang	senior management
Li Gang	Director
Li Xiao Liang	Director
Wei Li Jun	Director
Xie Shi Bing	Supervisors
Li Li	Supervisors
Zhu Wan Liang	Director
Zhang Feng Shan	Supervisors
Ren Wen Tao	Supervisors
Li Guo Shun	Director
Chen Guo Ying	senior management
Zhu Yan Ming	Supervisors
Li Jian Hua	Director

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Headlines

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