Guizhou Redstar Developing Co (SHSE:600367) Cash-to-Debt : 6.29 (As of Sep. 2024)

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What is Guizhou Redstar Developing 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. Guizhou Redstar Developing Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 6.29.

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, Guizhou Redstar Developing Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Guizhou Redstar Developing Co's Cash-to-Debt or its related term are showing as below:

SHSE:600367' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.06 Med: 2.07 Max: 8.05
Current: 6.29

During the past 13 years, Guizhou Redstar Developing Co's highest Cash to Debt Ratio was 8.05. The lowest was 1.06. And the median was 2.07.

SHSE:600367's Cash-to-Debt is ranked better than
79.25% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs SHSE:600367: 6.29

Guizhou Redstar Developing Co Cash-to-Debt Historical Data

The historical data trend for Guizhou Redstar Developing 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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Guizhou Redstar Developing Co Cash-to-Debt Chart

Guizhou Redstar Developing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.84

2.00

4.52

1.79

7.35

Guizhou Redstar Developing Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.92	7.35	8.05	7.82	6.29

Competitive Comparison of Guizhou Redstar Developing Co's Cash-to-Debt

For the Chemicals subindustry, Guizhou Redstar Developing 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.

Guizhou Redstar Developing Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guizhou Redstar Developing Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guizhou Redstar Developing Co's Cash-to-Debt falls into.

Guizhou Redstar Developing 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.

Guizhou Redstar Developing 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)
	=	939.555	/	(119.28	+	8.53)
	=	7.35

Guizhou Redstar Developing Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	943.665	/	(140.834	+	9.22)
	=	6.29

Guizhou Redstar Developing Co (SHSE:600367) 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.

Guizhou Redstar Developing Co Cash-to-Debt Related Terms

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Guizhou Redstar Developing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guizhou Redstar Developing Co Ltd (SHSE:600367) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Dingqi Town, Zhenning County, Anshun, Guizhou, CHN, 561206

Website

http://www.hxfz.com.cn

Guizhou Redstar Developing Co Ltd is engaged in the production of barium carbonate, electrolytic manganese dioxide, insoluble sulfur, thiourea, sulfur, barium sulfate, barium nitrate, barium chloride, and marigold. The products are used in the electronic information industry, chemical industry, light industry, metallurgy and ceramics industry.

Executives

Gao Yue Fei	Director
Liu Zheng Tao	senior management
Wan Yang	Directors, senior managers
Guo Han Guang	Director
Liang Qi Bo	Directors, senior managers
Luo Jian Ping	senior management
Geng Zhen	senior management
Chen Guo Qiang	senior management
Meng Fan Zhen	Supervisors
Wen Xia	Director
Hua Dong	senior management
Liu Xiang Yu	senior management
Yu Kong Hua	senior management

Guizhou Redstar Developing Co Headlines

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