Shanghai Huafon Aluminium (SHSE:601702) Cash-to-Debt : 0.31 (As of Mar. 2024)

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What is Shanghai Huafon Aluminium 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. Shanghai Huafon Aluminium's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, Shanghai Huafon Aluminium 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 Shanghai Huafon Aluminium's Cash-to-Debt or its related term are showing as below:

SHSE:601702' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.36
Current: 0.12

During the past 9 years, Shanghai Huafon Aluminium's highest Cash to Debt Ratio was 0.36. The lowest was 0.03. And the median was 0.11.

SHSE:601702's Cash-to-Debt is ranked worse than
89.23% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs SHSE:601702: 0.12

Shanghai Huafon Aluminium Cash-to-Debt Historical Data

The historical data trend for Shanghai Huafon Aluminium'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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Shanghai Huafon Aluminium Cash-to-Debt Chart

Shanghai Huafon Aluminium Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.09

0.20

0.18

0.23

Shanghai Huafon Aluminium 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															0.35	0.36	0.12	0.23	0.31

Competitive Comparison of Shanghai Huafon Aluminium's Cash-to-Debt

For the Aluminum subindustry, Shanghai Huafon Aluminium'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.

Shanghai Huafon Aluminium's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shanghai Huafon Aluminium's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shanghai Huafon Aluminium's Cash-to-Debt falls into.

Shanghai Huafon Aluminium 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.

Shanghai Huafon Aluminium'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)
	=	424.169	/	(1832.476	+	50.663)
	=	0.23

Shanghai Huafon Aluminium'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)
	=	568.511	/	(1792.444	+	50.206)
	=	0.31

Shanghai Huafon Aluminium (SHSE:601702) 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.

Shanghai Huafon Aluminium Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shanghai Huafon Aluminium's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Huafon Aluminium (SHSE:601702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Huafon Aluminium Corp (SHSE:601702) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

1111 Yuegong Road, Jinshan District, Shanghai, CHN, 201506

Website

http://www.huafonal.com

Shanghai Huafon Aluminium Corp is engaged in production and sales of aluminum sheet, strip and foil. The company's products include brazed heat exchangers material; water tanks, heaters, air coolers; condenser; evaporator, heater, oil cooler; and Other Industrial Products Materials. Its products line covers all kinds of alloyed material and specifications which is widely used in the automobile and construction machinery and equipment cooling systems, power station cooling system, micro-channel cooler and all kinds of both commercial and residential air-conditioners. It also processes all kinds of aluminum products processing 1,3,4,5,7 series, which are widely used in transportation construction, food packaging, electronics information industry and other fields.

Shanghai Huafon Aluminium (SHSE:601702) Headlines

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