Tian Jin Bohai Chemical Co (SHSE:600800) Cash-to-Debt : 0.71 (As of Mar. 2024)

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What is Tian Jin Bohai Chemical 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. Tian Jin Bohai Chemical Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.71.

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, Tian Jin Bohai Chemical 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 Tian Jin Bohai Chemical Co's Cash-to-Debt or its related term are showing as below:

SHSE:600800' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 5.98 Max: No Debt
Current: 0.71

During the past 13 years, Tian Jin Bohai Chemical Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 5.98.

SHSE:600800's Cash-to-Debt is ranked worse than
60.75% of 3006 companies
in the Industrial Products industry
Industry Median: 1.23 vs SHSE:600800: 0.71

Tian Jin Bohai Chemical Co Cash-to-Debt Historical Data

The historical data trend for Tian Jin Bohai Chemical 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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Tian Jin Bohai Chemical Co Cash-to-Debt Chart

Tian Jin Bohai Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.64

0.83

1.24

0.62

Tian Jin Bohai Chemical 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															1.06	0.77	0.91	0.62	0.71

Competitive Comparison of Tian Jin Bohai Chemical Co's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Tian Jin Bohai Chemical 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.

Tian Jin Bohai Chemical Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tian Jin Bohai Chemical Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tian Jin Bohai Chemical Co's Cash-to-Debt falls into.

Tian Jin Bohai Chemical 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.

Tian Jin Bohai Chemical 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)
	=	712.454	/	(873.13	+	269.497)
	=	0.62

Tian Jin Bohai Chemical 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)
	=	1082.969	/	(1106.222	+	418.533)
	=	0.71

Tian Jin Bohai Chemical Co (SHSE:600800) 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.

Tian Jin Bohai Chemical Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Tian Jin Bohai Chemical Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Tian Jin Bohai Chemical Co (SHSE:600800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tian Jin Bohai Chemical Co Ltd (SHSE:600800) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 325 Jiefang South Raod, Hexi District, Tianjin, CHN, 300202

Website

http://www.gmcc.com.cn

Tian Jin Bohai Chemical Co Ltd formerly Tianjin Global Magnetic Card Co Ltd is engaged in card production, relative implement and application system, securities printing and packing productions. It offers a range of product that includes Bank Card, Telecom Card, Social Card and Integrates Circuit Card or IC Card. The company is also involved in electronic information, fine chemical industry, biology engineering.

Executives

Qi Yun Lai	Supervisors
Hao Lian Jiu	Director
Li En Yuan	Supervisors
Li Bao Lin	senior management

Tian Jin Bohai Chemical Co (SHSE:600800) Headlines

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